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Track Phillips 66 in real time with a live news feed covering Phillips 66 stock news, official press releases, company announcements, and an archive of historical Phillips 66 news. ...more
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10:15 PM | Saturday | May 23, 2026
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Valero Energy, Marathon Petroleum, and Phillips 66 are three of the largest refining companies in the U.S. market. All three refiners reported impressive year-over-year earnings improvements in the first quarter of 2026.
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Valero Energy, Marathon Petroleum, and Phillips 66 are three of the largest refining companies in the U.S. market. All three refiners reported impressive year-over-year earnings improvements in the first quarter of 2026.
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Valero Energy, Marathon Petroleum, and Phillips 66 are three of the largest refining companies in the U.S. market. All three refiners reported impressive year-over-year earnings improvements in the first quarter of 2026.
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Phillips 66 (PSX) shares rise after announcing the Zeus Gas Plant and a new Coastal Bend fractionator to expand Permian gas capacity.
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Refiner Phillips 66 said on Monday it would move ahead with the Zeus Gas Plant in the Permian Basin and a third Coastal Bend Fractionator in Texas, expanding its network to capture growing volumes of gas and natural gas liquids from the top U.S. shale field.
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HOUSTON--(BUSINESS WIRE)--Phillips 66 today announced it is moving forward with the Zeus Gas Plant and a third Coastal Bend Fractionator.
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Phillips 66 is rated Buy, with all business segments generating strong profits and benefiting from a favorable refining upcycle. PSX's operational improvements, supply rationalizations, and global inventory depletion position it for higher and more sustainable cash generation than previous cycles. Despite recent debt accumulation from commodity volatility, PSX expects normalization and plans to retire $8B in debt, targeting $17B net debt by 2027.
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Phillips 66 (NYSE: PSX) today announced that the Board of Directors has appointed Greg Hayes to serve as lead independent director, effective immediately. â
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HOUSTON--(BUSINESS WIRE)--Phillips 66 today announced that the Board of Directors has appointed Greg Hayes to serve as lead independent director, effective immediately.
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Phillips 66 (PSX) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, PSX broke through the 50-day moving average, which suggests a short-term bullish trend.
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Phillips 66 is well-positioned for a significant windfall from elevated crack spreads driven by global supply disruptions and the Iran War. Refining margins surged to $10.11/barrel, with spreads near $60, potentially delivering $7B+ cumulative windfall through 2027, or ~$20/share. Operational improvements and cost reductions, alongside a 50% capital return policy, support robust shareholder returns and accelerated debt reduction.
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Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
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