Phillips 66

PSX

Market cap $73.2B

In the latest trading session, Phillips 66 (PSX) closed at $180.24, marking a +2.48% move from the previous day.

Peace talks between the US and Iran have again collapsed and oil stocks look ready to rally again. Marathon Petroleum, Valero Energy and Phillips 66 all boast top Zacks Ranks and strong price momentum.

Phillips 66 (PSX) reported earnings 30 days ago. What's next for the stock?

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Valero Energy, Marathon Petroleum, and Phillips 66 are three of the largest refining companies in the U.S. market. All three refiners reported impressive year-over-year earnings improvements in the first quarter of 2026.

Does Phillips 66 (PSX) have what it takes to be a top stock pick for momentum investors? Let's find out.

Charts for Chevron, Phillips 66, and EQT are bullish.

Refiner Phillips 66 said on Monday it would move ahead with the ​Zeus Gas Plant in the Permian Basin and a ‌third Coastal Bend Fractionator in Texas, expanding its network to capture growing volumes of gas and natural gas liquids from the top U.S. shale field.

HOUSTON--(BUSINESS WIRE)--Phillips 66 today announced it is moving forward with the Zeus Gas Plant and a third Coastal Bend Fractionator.

Phillips 66 is rated Buy, with all business segments generating strong profits and benefiting from a favorable refining upcycle. PSX's operational improvements, supply rationalizations, and global inventory depletion position it for higher and more sustainable cash generation than previous cycles. Despite recent debt accumulation from commodity volatility, PSX expects normalization and plans to retire $8B in debt, targeting $17B net debt by 2027.