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Stock impact report

Phillips 66 (PSX) Price Target Raised by Analyst, 2026 CapEx Budget Approved [Yahoo! Finance]

Phillips 66 (PSX) 
Last phillips 66 earnings: 5/1 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Phillips 66 (NYSE:PSX) operates as a diversified, integrated downstream energy provider, manufacturing, transporting, and marketing refined products across its network. On December 12, Mizuho raised its price target on Phillips 66 (NYSE:PSX) to $150 from $145 and kept a Neutral rating on the shares. The move came as part of the firm's 2026 outlook for the exploration and production group. Sentiment around US oil and gas stocks remains weak, driven by concerns over oil oversupply and elevated gas storage levels. Even so, the analyst pointed to ‘underappreciated value' across the group. Longer-term fundamentals, especially in exploration and production, may start to show through in 2026. Mizuho suggested shifting risk toward oil-focused E&Ps, with a selective approach to gas stocks, while taking a more neutral stance on refining. A few days later, on December 15, Phillips 66 (NYSE:PSX) approved a $2.4 billion capital budget for 2026. The figure comes in slightly above this year's f Show less Read more
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