Marathon Petroleum is leveraging strong refining margins, domestic crude sourcing and strategic upgrades to strengthen profitability as fuel markets stay tight.
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Phillips 66 (NYSE:PSX) is one of the 8 Most Undervalued Growth Stocks to Buy for the Next 10 Years. Phillips 66 (NYSE:PSX) is one of the most undervalued growth stocks to buy for the next 10 years. On July 2, Wells Fargo analyst Sam Margolin maintained a Buy rating on the stock. The analyst also […]
📈 Follow our live markets data and coverage. Investors hear a lot about the price of oil, despite the fact that they don’t buy, sell or consume it directly. The process of turning crude into the products actually used to keep the modern world moving is almost an afterthought.
(Bloomberg) -- The historic boost to US crude exports triggered by Iran war disruptions to global energy supply will likely endure and has even revived interest in new pipeline infrastructure, according to the head of the largest US oil port.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeTrump Shelves 20% Fee for Hormuz Cargo After Gulf PressureUS CPI Falls for the First Time Since 2020, Core Gauge FlatA Cocaine Bust in Spain Leads All the Way to Wall Str
PSX's access to low-cost crude and an efficient refining network positions it to benefit from rising fuel demand and stronger refining margins.
The CFO of Phillips 66 reported exercising exercising options at $94.97 per share under pre-arranged trading plan.
Renewed Middle East tensions tighten refined product markets, putting Valero Energy, Phillips 66 and Par Pacific in focus as refining margins climb.
Oil prices jumped on Monday as President Donald Trump said the U.S. will reimpose a blockade on Iranian ports and provide other countries safe passage —for a fee — through the Strait of Hormuz. The announcement follows an escalation of U.S.-Iran military strikes after Tehran had targeted ships in the Strait traveling an alternative path to the Tehran-approved route open for ships paying a fee to the regime. With U.S.-Iran negotiations at an impasse over control of the key global shipping route and Tehran's nuclear program, the diplomatic route — and Wall Street's assumption that flare-ups in fighting won't lead the sides back to war — is facing its biggest test.
The S&P 500 Index ($SPX ) (SPY ) today is down -0.33%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.16%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.12%. September E-mini S&P futures (ESU26 ) are down -0.33%, and September E-mini Nasdaq futures...
Oil prices jumped on Monday amid escalation of Middle East conflict as the U.S. challenged Iran's assertion of control over the Strait of Hormuz. With U.S.-Iran negotiations at an impasse over the key global shipping route and Tehran's nuclear program, Wall Street's assumption that flare-ups in fighting won't lead the sides back to war is being tested, but still holding firm. With Iran declaring the Strait of Hormuz closed, S&P 500 futures traded slightly lower, with APA, Occidental Petroleum and Devon Energy trading high on the index.
In the closing of the recent trading day, Phillips 66 (PSX) stood at $189.82, denoting a +1.07% move from the preceding trading day.
VLO could benefit from softer crude prices as renewed Middle East tensions keep traders cautious and refining margins in focus.
PXS could benefit from softer crude costs as renewed Middle East tensions keep traders cautious and refining margins in focus.
Crude oil prices jumped after President Trump declared the ceasefire with Iran over and the US launched strikes, and Phillips 66 (PSX) participated in the move as energy producers reacted to renewed supply concerns. See our latest analysis for Phillips 66. Beyond the immediate reaction to higher crude prices, Phillips 66 shares have built significant momentum, with a 1 day share price return of 5.02% adding to a 43.84% year to date share price return and a 5 year total shareholder return of...
U.S. strikes against Iran have ended the ceasefire and pushed crude oil prices higher. Rising crude prices are materially affecting Phillips 66 (NYSE:PSX) and other energy producers. These developments are reshaping near term conditions for the oil and gas sector. Phillips 66 sits at the intersection of refining, midstream, chemicals, and marketing, so any sharp move in crude prices quickly feeds into its operating reality. The latest spike in oil prices comes on top of a sector already...
This week, Ukraine hit Russia’s largest oil refinery, which will almost certainly decrease overall fuel supplies around the world.
VLO's Gulf Coast refining edge, flexible feedstock sourcing and clean-fuel growth make the stock worth watching despite its premium valuation.
Phillips 66 (NYSE:PSX) is one of the best oil and gas stocks to buy for the next decade. Phillips 66 (NYSE:PSX) received a rating update from TD Cowen on June 29, with the firm lifting the price target on the stock to $220 from $213 while maintaining a Buy rating on the shares. The firm […]
PSX has surged almost 40%, but softer oil prices, midstream stability and rising 2026 earnings estimates may keep it attractive.
MPC stock jumps 52% in six months on strong refining execution. But can operational strengths outweigh valuation and cyclical risks ahead?
PSX and PARR could benefit from oil below $70, with lower crude costs supporting refining margins and operational flexibility.
Phillips 66 is expected to release its fiscal Q2 earnings next month, and analysts project significant EPS growth.
PSX may benefit from lower crude costs, diversified midstream and chemicals operations, and resilient refining demand in a softer oil-price backdrop.
Phillips 66 stock has logged a strong run over the past several years, and with the shares recently around US$176, the key tension for investors is whether that performance still lines up with what the current valuation checks are saying or if expectations are already baked in. Over the past 5 years Phillips 66 has returned about 164%, which puts the focus on whether the business can justify that kind of compounding from here. Recent news on higher refining margins and projects such as the...
Phillips 66 (PSX) closed the most recent trading day at $176.42, moving +1.1% from the previous trading session.
Kanin Energy has announced and begun planning a 7‑megawatt waste heat to power facility at Phillips 66’s Mewbourn gas processing complex in Colorado, which will convert turbine waste heat into lower‑emissions power for on‑site use without requiring upfront capital from Phillips 66. This project, alongside the newly approved Foreign-Trade Zone subzone status for Phillips 66’s Billings, Montana operations, underscores the company’s efforts to cut operating costs and improve efficiency through...