The Trump administration is touting approvals for oil-exporting hubs in the Gulf of Mexico—but no one seems to want to build them [Fortune]
Phillips 66 (PSX)
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Source: Fortune
Gulf of Mexico, about 30 miles offshore of Texas—claiming the country is restoring its “maritime dominance” and unleashing a new “golden age of American energy.” Recommended Video But one key voice was missing from the celebration: Texas GulfLink's developer. Dallas-based Sentinel Midstream declined to comment on the administration's announcement, and didn't issue any press release for its politically ballyhooed project approval. Sentinel's silence was a symptom of a bigger disconnect in the gulf. What once was a race to build a series of deepwater terminals prior to the pandemic—including the involvement of household names such as Phillips 66 and Chevron—has now turned into silence over stalled projects that may never come to fruition. There simply isn't enough crude demand or customer support to justify building them any longer, even though U.S. oil output is hovering near all-time highs, energy analysts said. At best, projects could be revisited in 2027, when and if the U.S
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News
- Phillips 66 (PSX): Navigating Opportunities in Energy Markets [Yahoo! Finance]Yahoo! Finance
- Phillips 66 (PSX) was upgraded by <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from "hold (c)" to "buy (b-)".MarketBeat
- Phillips 66 (NYSE:PSX) was given a new $158.00 price target on by analysts at Barclays PLC.MarketBeat
- Phillips 66 (NYSE:PSX) had its "hold" rating reaffirmed by analysts at Jefferies Financial Group Inc..MarketBeat
- Phillips 66 (NYSE:PSX) Passed Our Checks, And It's About To Pay A US$1.27 Dividend [Yahoo! Finance]Yahoo! Finance
PSX
Earnings
- 2/4/26 - Beat
PSX
Sec Filings
- 2/20/26 - Form 10-K
- 2/19/26 - Form 4
- 2/17/26 - Form 144
- PSX's page on the SEC website