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Stock impact report

Where Will Phillips 66 Be in a Year? [The Motley Fool]

Phillips 66 (PSX) 
Last phillips 66 earnings: 5/1 07:00 am Check Earnings Report
Company Research Source: The Motley Fool
Energy stocks are facing significant headwinds. With unprecedented restrictions on travel and movement across most countries, the demand for gasoline and other fuels has decreased dramatically. This is a severe blow for energy companies that were already grappling with a supply glut and low commodity prices. While the outlook for oil stocks looks bleak, it may not be really all that bad. The International Energy Agency expects oil demand to start recovering gradually in the second-half of 00.In the meantime,refining stocksPhillips 66(NYSE:PSXImage Source: Getty Images.Phillips 66's operationsBy the end of March's third week, Phillips 66 witnessed a 0% to 0% drop in gasoline demand in the U.S. That is, of course, bad. And there is no guarantee that it can't get worse. I'll come to what may happen if it gets worse in a moment. But based on the current scenario, Phillips 66 expects an EBITDA of nearly $ billion to $ billion for 00, which is a little lower than the approximately $ billion Show less Read more
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