Oil prices are skyrocketing, but this is why companies won't rush to drill in California [Los Angeles Times (CA)]
Phillips 66 (PSX)
Last phillips 66 earnings: 5/1 07:00 am
Check Earnings Report
US:NYSE Investor Relations:
investor.phillips66.com/events-and-presentations/default.aspx
Company Research
Source: Los Angeles Times
A shuttered pipeline and refinery closures have created a stalemate: Producers lack outlets for crude, while refineries face dwindling supply. Experts say more drilling won't significantly lower California's gas prices, which are driven by global market forces, not in-state production. If you are an oil producer with wells in California and global oil prices have risen to over $100 a barrel in the last week, are you going to drill new wells? It's a question that touches the lives of hundreds of thousands of Californians who either live near oil wells or receive royalty checks as mineral rights owners. Experts said probably not, given this state's aging fields and the unpredictability of global prices. It's too early for data that will show if companies have ordered more drilling rigs on their fields — known as the rig count — since the U.S. and Israel invaded Iran and sent oil prices soaring. But analysts and producers say only if prices stay above $80 for at least a year d
Show less
Read more
Impact Snapshot
Event Time:
PSX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PSX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PSX alerts
High impacting Phillips 66 news events
Weekly update
A roundup of the hottest topics
PSX
News
- Phillips 66 (PSX) was upgraded by Jefferies Financial Group Inc. from "hold" to "strong-buy".MarketBeat
- Oil prices are skyrocketing, but this is why companies won't rush to drill in California [Yahoo! Finance]Yahoo! Finance
- Big 12 goes back to traditional court after LED floor's mixed reviews [USA TODAY]USA TODAY
- Phillips 66 tops growth factor grades among S&P energy holdings [Seeking Alpha]Seeking Alpha
- Fuel, energy prices raise the pressure as California officials take next steps on climate [Los Angeles Times (CA)]Los Angeles Times
PSX
Earnings
- 2/4/26 - Beat
PSX
Sec Filings
- 3/16/26 - Form 4
- 3/16/26 - Form 4
- 3/13/26 - Form 144
- PSX's page on the SEC website