News

A number of stocks fell in the afternoon session after crude oil dropped to its lowest level since the start of the Iran war, as tankers resumed transit through the Strait of Hormuz and the U.S. and Iran signaled progress toward ending the conflict.

Phillips 66 (NYSE:PSX) is partnering with Kanin Energy on a 7-megawatt waste heat to power project at its Mewbourn natural gas processing complex. The project will use waste heat from existing operations to generate electricity, targeting lower greenhouse gas emissions and improved energy efficiency. Kanin Energy is providing a turnkey solution that does not require upfront capital expenditure from Phillips 66. Phillips 66 operates across refining, midstream, chemicals, and marketing. The...

PBR teams up with Pemex to evaluate Gulf of Mexico projects, mature field recovery and refining initiatives under a new cooperation pact.

TechnipFMC lands a $75M-$250M Angola subsea contract for Greater PAJ, boosting second-quarter 2026 inbound orders with deepwater flowlines and risers.

Energy stocks slightly rose pre-bell Tuesday, with the State Street Energy Select Sector SPDR ETF (X

New research highlights Visa, TotalEnergies and AT&T, outlining growth drivers, strategic investments and key risks shaping outlooks.

Refiners are well-positioned to benefit from energy market disruption, drive robust cash flow, and aggressively buy back their stock this year.

RIG boasts strong revenue visibility through its contract backlog and operational strength, though inflation, oil price volatility and elevated capex could limit near-term upside.

Here is how Crescent Energy (CRGY) and Phillips 66 (PSX) have performed compared to their sector so far this year.

PBR backs a $1.2B renewable fuel plant in Brazil, aiming to produce bioQAV and renewable diesel by 2030 as it expands its lower-carbon strategy.

The Energy Select Sector SPDR Fund (NYSEARCA:XLE) has had a volatile two months. XLE climbed to $61.29 on May 19 as Brent crude touched $124.61 in early April on the de facto closure of the Strait of Hormuz, then gave back 12% in a month as crude collapsed toward the mid-$80s. The fund is still ... XLE’s Concentration Risk Meets Oil’s Next Move: What to Monitor in June

Phillips 66 (NYSE:PSX) is included among the 12 Best American Oil Stocks to Buy Now. Phillips 66 (NYSE:PSX) is a diversified and integrated downstream energy provider that manufactures, transports, and markets products. On June 12, Morgan Stanley analyst Joe Laetsch lifted the firm’s price target on Phillips 66 (NYSE:PSX) from $180 to $196, while keeping […]

Petrobras revives its long-idled UFN-III project with a $1B investment, aiming to expand fertilizer output and reduce Brazil's import dependence.

VLO could see stronger refining margins as crude prices decline, fuel demand stays resilient and global refining capacity remains tight.

Wall Street closed mixed on Tuesday as falling oil prices weighed on energy stocks and investors awaited the Federal Reserve's policy decision.

In recent days, Phillips 66 faced pressure as concerns about potential overvaluation, insider stock sales of about US$8.1 million, and softer oil prices coincided with a broad pullback in U.S. energy shares linked to optimism about a possible U.S.–Iran agreement. At the same time, Phillips 66 continues to generate strong cash across Midstream, Chemicals, and Refining, return capital through dividends and buybacks, and reshape its portfolio, even as third-party assessments highlight weaker...

Brent crude and WTI prices were falling again as President Donald Trump said the Strait of Hormuz could reopen as soon as Friday.

Phillips 66 (PSX) closed the most recent trading day at $173.26, moving 3.45% from the previous trading session.

The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +1.65%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.92%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +3.06%. June E-mini S&P futures (ESM26 ) rose +1.68%, and June E-mini Nasdaq futures...

The S&P 500 Index ($SPX ) (SPY ) today is up +1.67%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.24%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.79%. June E-mini S&P futures (ESM26 ) are up +1.72%, and June E-mini Nasdaq futures...

Oil prices slumped to the lowest level since early March of around $80 a barrel Monday after the U.S. and Iran reached an interim deal that would reopen the Strait of Hormuz and end the U.S. naval blockade. Valero Marathon Petroleum Phillips 66 Exxon Mobil and other energy stocks were among the sharpest decliners in the Monday as the broader market rallied amid optimism to an end to the conflict that began on Feb. 28 when the U.S. launched a military strike on Iran. President Donald Trump said “the deal is now complete” in a social media post Sunday.

The S&P 500 Index ($SPX ) (SPY ) today is up +1.62%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +1.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.73%. June E-mini S&P futures (ESM26 ) are up +1.61%, and June E-mini Nasdaq futures...

Value does exist in this market. Find it using the PEG and P/S ratios.

VLO stock surges 53.3% in six months as Gulf Coast refining advantages, feedstock flexibility and shareholder returns bolster its investment case.

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed down -1.62%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -1.87%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.98%. June E-mini S&P futures (ESM26 ) fell -1.62%, and June E-mini Nasdaq futures...

The S&P 500 Index ($SPX ) (SPY ) today is down -0.61%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.88%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.80%. June E-mini S&P futures (ESM26 ) are down -0.71%, and June E-mini Nasdaq futures...

The S&P 500 Index ($SPX ) (SPY ) today is down -0.28%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.38%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.28%. June E-mini S&P futures (ESM26 ) are down -0.25%, and June E-mini Nasdaq futures...

In the closing of the recent trading day, Phillips 66 (PSX) stood at $179, denoting a -2.41% move from the preceding trading day.

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -0.26%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.12%. June E-mini S&P futures (ESM26 ) fell -0.36%, and June E-mini Nasdaq futures...

The S&P 500 Index ($SPX ) (SPY ) today is down -0.28%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.80%. June E-mini S&P futures (ESM26 ) are down -0.25%, and June E-mini Nasdaq futures...