An overwhelming breadth of news concerning Phillips 66 (PSX) has recently amassed. The company has reported their fourth-quarter and annual earnings, revealing a fourth-quarter loss that was narrower than they previously estimated, however, PSX’s earnings per share missed expectations. Despite shortfall in earnings, revenue estimates were exceeded in Q4. Multiple Advisory firms have made investments in Phillips 66. The company has also taken strategic growth steps, most notably a $2.2 Billion acquisition of EPIC Y-Grade’s Natural Gas Liquids business. This move is seen as enhancing the company’s foothold in the NGL market and has been met with approval from industry analysts. Phillips 66 has also made announcements on their 2025 capital program and a refining rebound, giving them an advantage over European counterparts.
Phillips 66 PSX News Analytics from Thu, 29 Aug 2024 07:00:00 GMT to Sun, 02 Feb 2025 00:06:13 GMT - Rating 5 - Innovation 6 - Information 8 - Rumor -3
