Phillips 66 (PSX) News
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PSX News Highlights
- For PSX, its 30 day story count is now at 22.
- Over the past 14 days, the trend for PSX's stories per day has been choppy and unclear. It has oscillated between 1 and 6.
- The most mentioned tickers in articles about PSX are AMP, LI and LINK.
Latest PSX News From Around the Web
Below are the latest news stories about PHILLIPS 66 that investors may wish to consider to help them evaluate PSX as an investment opportunity.
Phillips 66 forecasts $2.2B capex budget for 2024More on Phillips 66 |
Oil and Turmoil: 7 Stocks to Capitalize on Geopolitical MovesLet’s address the giant pink elephant in the room regarding oil stocks to buy: hydrocarbon prices are falling like a rock. |
Refiner Phillips 66 forecasts lower spending in 2024In November, the activist investment firm in a letter revealed a $1 billion stake in Phillips 66 and criticized its refining operations saying management had taken its "eye off the ball" by letting operating expenses soar. Prior to Elliott's letter, Phillips 66 had unveiled a plan to raise about $3 billion from non-core asset sales and reduce $1 in cost per barrel. The company forecast its 2024 capital expenditure at $2.2 billion, compared with its estimated 2023 spending of $2.5 billion. |
UPDATE 2-Refiner Phillips 66 forecasts lower spending in 2024U.S. refiner Phillips 66 forecast lower spending in 2024 on Friday, days after Elliott Investment Management sought a revamp of its board to boost lagging performance. In November, the activist investment firm in a letter revealed a $1 billion stake in Phillips 66 and criticized its refining operations saying management had taken its "eye off the ball" by letting operating expenses soar. Prior to Elliott's letter, Phillips 66 had unveiled a plan to raise about $3 billion from non-core asset sales and reduce $1 in cost per barrel. |
Phillips 66 Announces 2024 Capital ProgramHOUSTON, December 08, 2023--Phillips 66 announced a 2024 capital budget of $2.2 billion, including $923 million for sustaining capital and $1.3 billion for growth capital. |
3 Dividend Stocks to Watch in a Volatile Energy MarketThree energy stocks, Marathon (MPC), EOG Resources (EOG) and Phillips 66 (PSX), are well-poised to gain, though the oil pricing scenario, since the onset of the pandemic, looks extremely volatile. |
This Phillips 66 Insider Increased Their Holding In The Last YearLooking at Phillips 66's ( NYSE:PSX ) insider transactions over the last year, we can see that insiders were net... |
The 3 Best Energy Stocks to Buy in DecemberAfter underperforming, the best energy stocks to buy could rebound strongly into year-end as oil prices stabilize. |
3 Energy Stocks to Buy in the TradeSmith ‘Green Zone’It's time to take a look at these three energy stocks to buy, as each one is currently within TradeSmith's "Green Zone." |
Phillips 66 (PSX) Stock Drops Despite Market Gains: Important Facts to NoteThe latest trading day saw Phillips 66 (PSX) settling at $124.62, representing a -0.3% change from its previous close. |