Phillips 66

PSX

Market cap $55.7B

In the latest trading session, Phillips 66 (PSX) closed at $138.28, marking a -1.24% move from the previous day.

PSX pairs refining upside from soft oil prices with stable midstream cash flows, using a diversified capital strategy to reduce exposure to commodity volatility.

HOUSTON--(BUSINESS WIRE)--Phillips 66 and Kinder Morgan, Inc. today announced the launch of the second open season for the Western Gateway Pipeline.

PSX could benefit as soft crude prices cut input costs, boosting refining margins even as broader energy markets face uncertainty.

PSX's refining arm benefits from strong margins, with widening light-heavy spreads and cheaper heavy crude anticipated to support higher margins.

I upgrade Phillips 66 to buy, citing strategic positioning for a Venezuelan crude import resurgence. The recent WRB Refining acquisition and LA refinery closure streamline PSX's asset base, enhancing operational leverage and earnings quality. PSX's complexity advantage, cost reductions, and diversified cash flows position it to outperform peers amid industry volatility.

The Houston-based oil and gas company Phillips 66 is named after the bygone era of early American automobiles that drove Route 66—and were fueled by Phillips Petroleum's 66 octane gasoline.

In the most recent trading session, Phillips 66 (PSX) closed at $142.16, indicating a -1.43% shift from the previous trading day.

Interior Secretary Doug Burgum says US oil companies are very interested in revitalizing Venezuela's oil sector. But he says the Trump administration is unlikely to subsidize their efforts.

Top oil companies will meet with President Donald Trump on Friday to discuss rebuilding Venezuela's oil industry.