STOCK TITAN
  1. Home
  2. News
  3. PSX

Phillips 66 - PSX STOCK NEWS

Welcome to our dedicated news page for Phillips 66 (Ticker: PSX), a resource for investors and traders seeking the latest updates and insights on Phillips 66.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Phillips 66's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Phillips 66's position in the market.

News
AM Best Affirms Credit Ratings of Spirit Insurance Company and Radius Insurance Company
Rhea-AI Summary
AM Best affirms Spirit Insurance Company (Spirit) and Radius Insurance Company (Radius) with A (Excellent) Financial Strength Rating and 'a' Long-Term Issuer Credit Ratings. The outlook for these ratings is stable. Spirit and Radius have very strong balance sheet strength, adequate operating performance, and neutral business profile. They are captive insurers for Phillips 66 [NYSE: PSX] and have favorable loss experience due to strong loss control program and limited catastrophe losses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
Tags
none
-
News
Phillips 66 to Announce Fourth-Quarter and Full-Year Financial Results
Rhea-AI Summary
Phillips 66 (NYSE: PSX) will host a webcast on Jan. 31, 2024, to discuss its Q4 and full-year 2023 financial results. The webcast will be available on the company's Investors site, with a replay and transcript to follow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.32%
Tags
earnings
-
News
Phillips 66 Announces 2024 Capital Program
Rhea-AI Summary
Phillips 66 (PSX) announces a 2024 capital budget of $2.2 billion, allocating $923 million for sustaining capital and $1.3 billion for growth capital. The budget reflects disciplined capital allocation and strategic priorities, including investments in NGL wellhead-to-market value chain, Rodeo renewable fuels facility, and Refining performance enhancement. Plans to return $13-15 billion to shareholders by 2024. Historical average sustaining capital spend was $1 billion/year, now reduced to $700 million due to efficiencies from business transformation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.56%
Tags
none
News
Phillips 66 Comments on Letter from Elliott Investment Management
Rhea-AI Summary
Phillips 66 (PSX) issues a statement in response to a letter from Elliott Investment Management L.P., welcoming shareholder perspectives and valuing their input. The company plans to continue constructive dialogue with Elliott, believing in the successful execution of strategic priorities to drive substantial stock price performance. They have announced enhancements including raising shareholder distributions target to $13-15 billion, monetizing over $3 billion of non-core assets, returning at least 50% of operating cash flow to shareholders, increasing business transformation run-rate savings target to $1.4 billion by 2024, and raising mid-cycle adjusted EBITDA target to $14 billion by 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.46%
Tags
none
-
News
Phillips 66® Launches GO GO GO™ Campaign Fueling GO, Progress, Momentum, and a Forward Trajectory for Consumers' Cars and Lives
Rhea-AI Summary
Phillips 66® (PSX) Launches GO GO GO™ Branded Fuels Campaign with Exciting Promotions and Brand Activations
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.28%
Tags
none
-
News
Phillips 66® Continues Bedlam Series Partnership with Dustin Lynch's Free Pre-Game Concert Celebrating Rivalry and Debut of Phillips 66® GO GO GO Campaign
Rhea-AI Summary
Phillips 66 sponsors the Bedlam Series college football game between Oklahoma and Oklahoma State, featuring a pre-game concert by Dustin Lynch. The concert is free and open to all. Phillips 66 also launches the GO GO GO campaign to promote movement and excitement in people's lives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.75%
Tags
partnership
News
Phillips 66 to Speak at BofA Securities Global Energy Conference 2023
Rhea-AI Summary
Phillips 66 executives will participate in a fireside chat at the BofA Securities Global Energy Conference 2023 on November 14, 2023. They will discuss the company's strategic priorities and commitment to disciplined capital allocation. The webcast can be accessed on the Phillips 66 Investors site.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.75%
Tags
conferences
-
News
Phillips 66 Reports Third-Quarter 2023 Financial Results and Update to Strategic Priorities
Rhea-AI Summary
Phillips 66 reports third-quarter earnings of $2.1 billion or $4.69 per share. Generated $2.7 billion of operating cash flow and returned $1.2 billion to shareholders. Raises shareholder distributions target to $13-15 billion and increases share repurchase authorization by $5 billion. Increase mid-cycle adjusted EBITDA growth target to $4 billion by 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.75%
Tags
earnings
-
News
Phillips 66 Announces Quarterly Dividend
Rhea-AI Summary
Phillips 66 declares quarterly dividend of $1.05 per share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
News
Phillips 66 to Announce Third-Quarter Financial Results
Rhea-AI Summary
Phillips 66 to host webcast to discuss Q3 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.58%
Tags
earnings
Stock PSX logo
Phillips 66

NYSE:PSX

PSX Rankings

#188 Ranked by Market Cap
#1564 Ranked by Stock Gains
#1144 Ranked by Dividends

PSX Stock Data

69.02B
426.16M
0.4%
78.77%
1.89%
Petroleum Refineries
Manufacturing
Link
US
Houston

About PSX

safety. honor. commitment. we are phillips 66, and we manufacture energy products you use every day. we refine and market petroleum products, such as gasoline, diesel, jet fuel and lubricants; gather and process natural gas and natural gas liquids (ngl) for powering businesses, heating homes, cooking and electricity; and manufacture petrochemicals, polymers and plastics found in cars, electronics, and other everyday goods. through financial strength and safe, reliable operations, we are delivering on a business strategy to enhance returns, grow the company, increase distributions to shareholders and build a highperforming team. we are phillips 66, and with our partners and suppliers, we create jobs. we have 14,000 colleagues in america and around the world. together we’re building a company founded on safety, honor and commitment. safety. we protect each other, our environment, and our communities. honor. we stand behind our word, and you can count on us to do the right