Phillips 66: A Forgotten Catalyst [Seeking Alpha]
Phillips 66 (PSX)
Last phillips 66 earnings: 5/1 07:00 am
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US:NYSE Investor Relations:
investor.phillips66.com/events-and-presentations/default.aspx
Company Research
Source: Seeking Alpha
Summary During the past few years, Phillips 66 ( PSX ) has invested heavily in multiple large-scale chemicals and pipeline projects in order to expand overall margins and reduce the company's reliance on the cyclical refining business. As a result, PSX estimated that it has increased normalized (mid-cycle) EBITDA by $1.5 billion during the past couple of years: Source: August Investor Update And, as indicated by the slide above, as the company transitions from a period of heavy investment to one of cash generation, the significant amount of share buybacks (notably the 35 million shares bought back from Berkshire Hathaway for $3.3 billion) means the company's increased cash generation will be spread over fewer (and more valuable) shares. Resurgence of Refining Segment Yet on the path of growing its midstream and chemicals businesses, a funny thing happened in Q2: The resurgence of Phillips 66's strong domestic refining business: Sour
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News
- First of its Kind Partnership Delivers a Waste Heat to Power Project That Will Reduce the University of Dayton's Carbon Footprint by More Than 70% [Yahoo! Finance]Yahoo! Finance
- Phillips 66's (NYSE:PSX) institutional investors lost 3.8% last week but have benefitted from longer-term gains [Yahoo! Finance]Yahoo! Finance
- Phillips 66 (PSX) Advances While Market Declines: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- ‘The Sweet Mystery' Demystified; Robert Indiana In Venice Biennale [Forbes]Forbes
- Phillips 66 (NYSE: PSX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
PSX
Earnings
- 1/31/24 - Beat
PSX
Sec Filings
- 4/22/24 - Form PX14A6G
- 4/4/24 - Form 8-K
- 4/3/24 - Form ARS
- PSX's page on the SEC website