Phillips 66(PSX)

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.
Latest News & Analysis
Phillips 66 (PSX): Elliott's Activism and Strategic Future
Phillips 66 faces activist pressure from Elliott Management, advocating for a midstream spin-off. The upcoming shareholder vote is critical.
Phillips 66 (PSX): Activist Battle, Expansion & Refining Margins
Phillips 66 navigates activist pressure, midstream expansion, and refining margin challenges. A proxy battle with Elliott Management and strategic shifts define its future.
Phillips 66 (PSX): Refining Recovery, EPIC NGL, Elliott Challenge
Phillips 66 (PSX) navigates refining recovery, strategic acquisitions like EPIC NGL, and activist investor pressure from Elliott Management, shaping its future.
Phillips 66 (PSX): Elliott's Challenge and Future Strategies
Phillips 66 faces pressure from Elliott Management amid refining underperformance and strategic debates. A potential midstream spin-off and cost-cutting are key.
Phillips 66 (PSX): Elliott Challenge, Refinery Shutdown, and Market Outlook
Phillips 66 faces Elliott challenge, refinery shutdown, and volatile markets. Strategic shifts, financial outlook, and market reaction analyzed.
Phillips 66 (PSX): Refinery Shutdown, Elliott's Challenge, and the Road Ahead
Phillips 66 (PSX) faces challenges from refinery closure and Elliott's pressure, yet invests in ESG. Stock dips -2.14%, prompting investor scrutiny.
Phillips 66 (PSX): Elliott's Challenge, Global Expansion, and Refining Margins
Phillips 66 faces Elliott's challenge, Singapore expansion, and refining margin pressures. Dividend sustainability is a key investor concern.
Phillips 66 Under Pressure: Elliott's Push, Midstream Spin-Off, and Market Strategy
Phillips 66 faces Elliott Management's pressure for a midstream spin-off amid Singapore expansion and methane leak tech investments.
Phillips 66 Financial Analysis: Strategic Shifts & Earnings
Deep-dive into Phillips 66’s financial performance and strategic shifts amid market volatility, activist pressure, and operational challenges.
Phillips 66 (PSX): Navigating Elliott Pressure, Refining Margins, and the Energy Transition
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) Under Pressure: Elliott's Push for Change
Phillips 66 (PSX) navigates activist pressure, strategic shifts, and market volatility. Key developments, midstream valuations, and dividend prospects analyzed.
Phillips 66 (PSX): Navigating Activist Pressure, Refining Challenges, and the Path Forward
Phillips 66 faces activist pressure, refining challenges, and ESG demands. Our analysis covers strategic shifts, midstream assets, and dividend sustainability.
Phillips 66: Navigating Elliott Pressure, Refining Costs, and Dividend Strategy
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): Elliott Stake, Refining Strategy, and Dividend Outlook
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: Elliott's Stake, Refining Margins, and Strategic Shifts
Phillips 66 navigates activist pressure, refining margin declines, and strategic shifts amid Elliott Management's stake. A comprehensive intraday update.