Phillips 66 (PSX) navigates Elliott Management pressure, refining margin challenges, and the energy transition. Strategic shifts and their impact on investors are analyzed.
Phillips 66 (PSX) navigates activist pressure, strategic shifts, and market volatility. Key developments, midstream valuations, and dividend prospects analyzed.
Phillips 66 faces activist pressure, refining challenges, and ESG demands. Our analysis covers strategic shifts, midstream assets, and dividend sustainability.
Phillips 66 (PSX) navigates Elliott pressure, refining costs, and dividend strategy amid a dynamic energy landscape. Key developments and strategic implications analyzed.
Phillips 66 (PSX) faces activist pressure, navigates refining margin challenges, and expands in Singapore, committed to shareholder returns. Analyst estimates project growth through 2029.
Phillips 66 navigates activist pressure, refining margin declines, and strategic shifts amid Elliott Management's stake. A comprehensive intraday update.
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas. The Chemicals segment produces and markets ethylene and other olefin products; aromatics and styrenics products, such as benzene, cyclohexane, styrene, and polystyrene; and various specialty chemical products, including organosulfur chemicals, solvents, catalysts, and chemicals used in drilling and mining. The Refining segment refines crude oil and other feedstocks into petroleum products, such as gasolines, distillates, aviation, and renewable fuels at 12 refineries in the United States and Europe. The M&S segment purchases for resale and markets refined petroleum products, including gasolines, distillates, and aviation fuels primarily in the United States and Europe. This segment also manufactures and markets specialty products, such as base oils and lubricants. The company was founded in 1875 and is headquartered in Houston, Texas.