Debunking A Persistent Myth: U.S. Refineries Can't Handle Shale Oil [Yahoo! Finance]
Phillips 66 (PSX)
Last phillips 66 earnings: 5/1 07:00 am
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Source: Yahoo! Finance
America, operates as gas prices rocket upward due to worldwide oil supply disruptions caused by the U.S. and Israeli attack on Iran, on March 10, 2026 in Carson, California. The heavy crude oil refining industry in California was already under increasing pressure before the war since the Phillips 66 refinery in Los Angeles officially shut down at the end of 2025. Valero's Oil refinery in Benicia, California is expected to add to those pressures when it fully shuts down at the end of next month. The national average gas price has risen to $3.54 and the average California gas price is currently $5.29, according to the American Automobile Association (AAA) today. (Photo by David McNew/Getty Images) Getty Images A widespread myth in energy circles is that U.S. refineries are “unable” to process the light, sweet crude produced by the shale boom. The claim tends to surface whenever gasoline prices rise or energy independence becomes a talking point. The argument is usually that the U.S.
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News
- Phillips 66 (PSX) had its price target raised by Wolfe Research from $187.00 to $193.00. They now have an "outperform" rating on the stock.MarketBeat
- Western Gateway Extension Puts Phillips 66 Valuation And Momentum In Focus [Yahoo! Finance]Yahoo! Finance
- Where is cheapest gas price in Indiana? U.S.? What is national average for gas prices right now? [USA TODAY]USA TODAY
- Phillips 66 (PSX) had its price target raised by UBS Group AG from $172.00 to $212.00. They now have a "buy" rating on the stock.MarketBeat
- Phillips 66 (PSX) had its price target raised by TD Cowen from $155.00 to $213.00. They now have a "buy" rating on the stock.MarketBeat
PSX
Earnings
- 2/4/26 - Beat
PSX
Sec Filings
- 4/6/26 - Form 8-K
- 4/3/26 - Form 4
- 4/3/26 - Form SCHEDULE
- PSX's page on the SEC website