News

Valero posts a broad-based Q2 beat as stronger refining, renewable diesel and ethanol profits boost earnings and cash flow.

On July 31, 2026, Phillips 66 announced that its board approved a US$10.00 billion increase to the share repurchase authorization, lifting the total buyback capacity to US$23.00 billion as the prior program neared its limit. This enlarged buyback pool underscores management’s emphasis on returning capital to investors alongside dividends, capital investment, and debt reduction within its broader energy manufacturing and logistics operations. Next, we’ll assess how this expanded US$23.00...

Valero Energy (VLO) delivered earnings and revenue surprises of +27.05% and +23.73%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?

HF Sinclair surpasses Q2 2026 earnings and revenue estimates as stronger refining margins, higher throughput drove growth.

Amid intensifying Iran war disruptions and record crack spreads, Valero, Marathon Petroleum, and Phillips 66 shares have surged to all-time highs, backed by strong earnings, buybacks, and dividends.

Elliott Management's latest 13F filing exposes five positions spanning gold streamers to AI infrastructure, but not all of them still make sense to buy. One has already tripled expectations while another has aged past the thesis entirely.

Phillips 66 (PSX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

By selling directly to refiners and joint-venture partners, Venezuela captures higher realized prices while reshaping crude trading flows and Gulf Coast refining economics.

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.

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.

(Updates with index/price moves, macroeconomic data, and political news from the first paragraph.)

(Updates with index/price moves and political news from the first paragraph.) US equity indexes s

VLO's Gulf Coast refining edge, flexible feedstock sourcing and clean-fuel growth make the stock worth watching despite its premium valuation.

MPC stock jumps 52% in six months on strong refining execution. But can operational strengths outweigh valuation and cyclical risks ahead?

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...

PSX and PARR have rallied sharply over the past year, and softer crude prices may offer further support to their refining operations.

Phillips 66 and Halliburton have surged past the oil-energy sector, but softer crude prices and resilient business models may keep the momentum alive.

FTI lands a $500M-$1B North Sea iEPCI contract from Var Energi, boosting backlog and reinforcing its integrated subsea growth strategy.

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.

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...

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...

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

Despite Phillips 66’s outperformance relative to the energy sector over the past year, Wall Street analysts maintain a cautiously optimistic outlook on the stock’s prospects.

Here is how Paramount Resources (PRMRF) and Phillips 66 (PSX) have performed compared to their sector so far this year.

DK shares surge 149% in a year, fueled by optimization gains, refinery upgrades and strong refining conditions - but risks remain for 2026.

We just covered the Top 10 Stock Picks of Billionaire Paul Singer. Phillips 66 (NYSE:PSX) ranks #2 (see Top 5 Stock Picks of Billionaire Paul Singer). Elliott’s Stake: $2,484,149,040 Phillips 66 (NYSE: PSX) bulls believe the stock is positioned to gain amid a loss of refining capacity in the US and Europe over the last 18 […]

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

Phillips 66 (NYSE:PSX) is included among the 14 Best Oil and Gas Stocks to Buy According to Hedge Funds. Phillips 66 (NYSE:PSX) is a diversified and integrated downstream energy provider that manufactures, transports, and markets products. On May 27, Mizuho analyst Nitin Kumar upgraded Phillips 66 (NYSE:PSX) from ‘Neutral’ to ‘Outperform’, while also raising the […]

Midstream companies are the "middlemen" of the energy sector and key to U.S. energy infrastructure.