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Phillips 66 Q2 Earnings Call Highlights
MarketBeat2d 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.5d 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...

How a US$23 Billion Buyback Authorization at Phillips 66 (PSX) Has Changed Its Investment Story
Simply Wall St.10d agobullish
How a US$23 Billion Buyback Authorization at Phillips 66 (PSX) Has Changed Its Investment Story

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...