Oil tumbles 9% on recession demand destruction fears [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 settled at $102.77 a barrel, losing $10.73, or 9.5%. U.S. West Texas Intermediate (WTI) crude ended 8.2%, or $8.93, lower at $99.50 a barrel. There was no WTI settlement on Monday because of a U.S. holiday. Both benchmarks logged their biggest daily percentage decline since March 9 and hit share prices of major oil and gas companies. “We're getting creamed and the only way you can explain that away is fear of recession,” said Robert Yawger, director of energy futures at Mizuho. “You're feeling the pressure.” Oil futures sank along with natural gas, gasoline and equities, which often serve as demand indicator f
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News
- Shareholders May Not Be So Generous With Phillips 66's (NYSE:PSX) CEO Compensation And Here's Why [Yahoo! Finance]Yahoo! Finance
- [Latest] Global Needle Coke Market Size/Share Worth USD 6.2 Billion by 2033 at a 5.5% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value) [Yahoo! Finance]Latest
- Phillips 66 (NYSE: PSX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Phillips 66 to Host Annual Meeting of ShareholdersBusiness Wire
- Recent 5.2% pullback isn't enough to hurt long-term Phillips 66 (NYSE:PSX) shareholders, they're still up 89% over 3 years [Yahoo! Finance]Yahoo! Finance
PSX
Earnings
- 4/26/24 - Miss
PSX
Sec Filings
- 5/2/24 - Form 4
- 4/30/24 - Form 8-K
- 4/29/24 - Form 10-Q
- PSX's page on the SEC website