Oil slumps $10/bbl as recession fears darken demand outlook [Reuters]
Phillips 66 (PSX)
Last phillips 66 earnings: 5/1 07:00 am
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Source: Reuters
FILE PHOTO: A view of the Phillips 66 Company's Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal (background), at sunset in Carson, California, U.S., March 11, 2022. REUTERS/Bing Guan Global benchmark Brent crude was down $10.65, or 9.4%, at $102.85 a barrel by 12:46 p.m. EDT (1645 GMT). U.S. West Texas Intermediate (WTI) crude fell $9.36, or 8.6%, to $99.07 a barrel from Friday's close. There was no WTI settlement on Monday because of a U.S. holiday. “The market is getting tight, but still we're getting creamed and the only way you can explain that away is fear of recession in every risk asset,” said Robert Yawger, director, energy futures at Mizuho in New York. “You're feeling the pressure.” Oil futures sank along with equities, which often serve as demand indicator for crude, as investors fretted about the possibility
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News
- 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
- Phillips 66 (NYSE: PSX) had its price target raised by analysts at Barclays PLC from $139.00 to $155.00. They now have an "equal weight" rating on the stock.MarketBeat
- Schoox to Host Sessions and Highlight Acclaimed L&D Platform in London at Learning Technologies 2024PR Web
PSX
Earnings
- 1/31/24 - Beat
PSX
Sec Filings
- 4/4/24 - Form 8-K
- 4/3/24 - Form ARS
- 4/3/24 - Form DEFA14A
- PSX's page on the SEC website