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Why Did Phillips 66 (PSX) Shares Climb After Its Latest Update?
Simply Wall St.12h agoneutral
Why Did Phillips 66 (PSX) Shares Climb After Its Latest Update?

Phillips 66 (PSX) is back in focus after committing to the Western Gateway Pipeline joint venture, a planned US$5b fuel transport system, alongside reporting strong second quarter earnings and expanding its share buyback program. See our latest analysis for Phillips 66. Phillips 66’s share price has moved sharply higher alongside the Western Gateway Pipeline decision and strong second quarter results, with a 30.6% 3 month share price return and a 93.3% 1 year total shareholder return, which...

Phillips 66 Q2 Earnings Call Highlights
MarketBeat4d agoneutral
Phillips 66 Q2 Earnings Call Highlights

Phillips 66 (NYSE:PSX) reported second-quarter 2026 adjusted earnings of $3.8 billion, or $9.41 per share, as higher refining margins, midstream volumes, marketing margins and renewable fuel credits lifted results. Reported earnings were also $3.8 billion, or $9.55 per share. Chief Financial Office

Phillips 66 (PSX) Stock Gets Fair Value Boost As Analysts Lift Targets
Simply Wall St.6d agoneutral
Phillips 66 (PSX) Stock Gets Fair Value Boost As Analysts Lift Targets

Analyst models for Phillips 66 have shifted, with fair value moving from US$194.11 to US$207.53 per share. This change lines up with recent research where many firms are lifting price targets, yet remain split on how much premium the stock should command and how long current refining conditions might last. Read on to see what is driving this evolving story around Phillips 66 and how you can track the changing narrative. Analyst Price Targets don't always capture the full story. Head over to...