Phillips 66 Aktie News

With the Federal Reserve having seemingly engineered a viable pathway to a soft economic landing, the topic of stocks to buy on rate cut have enjoyed significant momentum. Of course, as with anything involving high finance these days, the matter got more complicated.

After the year-to-date move of over 25% each, we believe that the energy stocks Phillips 66 (NYSE: PSX) and Valero Energy (NYSE: VLO) are fully valued. PSX trades at a marginally higher valuation of 0.5x trailing revenues, compared to 0.4x for VLO.

Phillips 66's CEO said in an interview last month that activist shareholder Elliott Management agrees with its strategic plans. The 3-2-1 crack spread continued to move higher for refiners amid geopolitical tensions.

Value stocks in the S&P 500 are perking up. And investors are moving fast to buy some up while they're still cheap.

HOUSTON--(BUSINESS WIRE)--The board of directors of Phillips 66 has declared a quarterly dividend of $1.15 per share on Phillips 66 common stock, representing a 10% increase.

Collaboration Aims to Fuel the Next Generation of Big 12 Athletes through Safer Sports Access KANSAS CITY, Mo. , April 2, 2024 /PRNewswire/ -- Phillips 66® is proud to announce that they will be contributing $100,000 towards revamping the basketball courts in the Parade Park community in Kansas City, Mo.

As crude oil prices once again trend higher, you may be looking to increase your exposure to energy stocks. However, for the best energy stocks to buy in April, near-term price trends are not the only factor to consider.

U.S. oil refiner Phillips 66 on Monday said two employees were injured in a fire that occurred at the Borger, Texas complex at approximately 11:20 a.m. local time.