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Stock impact report

Will the Oil Price Environment Aid PSX's Refining Operations? [Yahoo! Finance]

Phillips 66 (PSX) 
Last phillips 66 earnings: 5/1 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
lower than a year ago, the overall energy business is now highly uncertain. However, unlike many other energy players, Phillips 66 PSX is likely to gain from the ongoing crude pricing environment. This is because Phillips 66 is a leading refining company. As a refining player, PSX is now able to purchase oil at a lower cost, enabling the production of end products. Additionally, crude prices are likely to remain soft in the coming days, as the U.S. Energy Information Administration (“EIA”) expects global oil inventories to continue increasing. EIA projects the spot average West Texas Intermediate price for 2026 at $51.42 per barrel, lower than the estimated $65.32 per barrel for 2025. Thus, Phillips 66, which generates significant margin from its refining activities, is likely to benefit from soft oil prices. Valero Energy Corporation VLO and Par Pacific Holdings Inc. PARR, two other well-known refiners, are also likely to benefit from the ongoing relatively low oil prices. Va Show less Read more
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