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Phillips 66 PSX - News Analyzed: 3,999 - Last Week: 100 - Last Month: 500

↝ Phillips 66: A Roller-Coaster Run in the Market Amid Strides towards Green Energy

Phillips 66: A Roller-Coaster Run in the Market Amid Strides towards Green Energy
Phillips 66 (PSX) has been experiencing inconsistent stock trends, underperforming the market some days and making small gains on others. Several investment firms such as Sanctuary Advisors and Oddo BHF Asset Management have significantly invested in PSX citing its future prospects. The company is making strides towards a green future with a partnership with NextEra to power its Rodeo refinery with solar energy which is projected to cut emissions by 33k tons. Meanwhile, other stakeholders like Zacks Investment Management and Geode Capital Management reduced their holdings in PSX. Despite some market downturns, reports suggest an optimistic outlook for the company in the long run. Phillips 66 also faced activist pressure by Elliot Management and announced plans to cease operations at its Los Angeles refinery. There is also a notable mention of the company's ambitious target on $3 billion asset sale following the agreement to sell its stake in Switzerland-based joint venture.

Phillips 66 PSX News Analytics from Thu, 16 May 2024 07:00:00 GMT to Sat, 14 Dec 2024 12:12:00 GMT - Rating 0 - Innovation -1 - Information 2 - Rumor -6

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