Phillips 66

PSX

Market cap $82.9B

As the U.S.-Iran conflict injects massive volatility into global energy markets, renowned investor Louis Navellier is urging traders to skip popular energy ETFs like United States Oil Fund LP (NYSE:USO) and United States Brent Oil Fund LP (NYSE:BNO)

PSX benefits from tight fuel markets and elevated crack spreads that boost refining margins, while limited Middle East crude exposure helps cushion disruptions.

Laying out the bull and bear scenarios for oil. And when the stock market could be impacted.

Marathon Petroleum is leveraging strong refining margins, domestic crude sourcing and strategic upgrades to strengthen profitability as fuel markets stay tight.

In the most recent trading session, Phillips 66 (PSX) closed at $196.16, indicating a -2.63% shift from the previous trading day.

XOM trades at a valuation discount and benefits from $80 oil, while PSX leans on diversification to offset refining pressure.

U.S. oil refiners are about to report a historic profit surge as the industry takes advantage of supply disruptions.

US gasoline prices spent the spring of 2026 on a rollercoaster driven by Middle East supply disruptions.

PSX's access to low-cost crude and an efficient refining network positions it to benefit from rising fuel demand and stronger refining margins.

Kevin Mitchell sold 11,021 shares for $2.1 million on July 9, 2026. The sale represented 10% of total direct common stock holdings, including shares acquired via option exercise.