PSX

HOUSTON, July 09, 2026--(BUSINESS WIRE)--The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of $1.27 per share on Phillips 66 common stock. The dividend is payable on Sept. 1, 2026, to shareholders of record as of the close of business on Aug. 18, 2026. About Phillips 66 Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, TX, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn. View source version on businesswire.com: https://www.businesswire.com/news/home/20260709900324/en/ Contacts Investor [email protected] Media [email protected]

Phillips 66 (PSX) is a U.S. downstream energy company engaged in refining, midstream operations, chemicals, renewable fuels, and marketing and specialty businesses. Formed in 2012 following the spin-off from ConocoPhillips, the company operates an extensive network of refineries, pipelines, terminals, and retail fuel distribution assets serving customers worldwide. Phillips 66 is headquartered in Houston and has a market cap of around $70.7 billion. The leading downstream energy provider is expected to announce its fiscal second-quarter earnings on Wednesday, Aug. 5, 2026. Ahead of the event, analysts expect PSX to report a profit of $6.99 per share, up 193.7% from $2.38 per share in the year-ago quarter. The company beat the consensus estimates in each of the last four quarters. Cisco Is Up 46% and Oracle Is Down 25% in 2026. The Better Dividend Buy Might Surprise You. SK Hynix Stock’s Upcoming U.S. Listing Is a Sign the Memory Trade Could Soon Topple. 2 Ways to Profit from the Pain. Five July 4th Fireworks: Unusual Options Activity Flags Cheap Lottery-Ticket Calls in CHWY, AVGO, PYPL, STLA and WMT Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. For the full year, analysts expect PSX to report EPS of $19.27, up 199.2% from $6.44 in fiscal 2025. However, its EPS is expected to decline 2.9% year-over-year (YOY) to $18.72 in fiscal 2027. PSX stock has outperformed the S&P 500 Index’s ($SPX) 19.2% gains over the past 52 weeks, with shares up 39.5% during this period. Also, it outperformed the State Street Energy Select Sector SPDR ETF’s (XLE) 22.4% gains over the same time frame. Phillips 66 reported its first-quarter 2026 results on Apr. 29, with adjusted earnings per share improving to $0.49 from a loss of $0.90 per share in the prior-year quarter. Phillips 66 shares rose about 5.1% on Apr. 29 and 3.3% in the next trading session as investors cheered the better-than-expected EPS. Analysts’ consensus opinion on PSX stock is moderately bullish, with a “Moderate Buy” rating overall. Out of 19 analysts covering the stock, 10 advise a “Strong Buy” rating, two suggest a “Moderate Buy,” six give a “Hold,” and one recommends a “Strong Sell.” PSX’s mean price target of $195.53 suggests an upside potential of 10.8%. On the date of publication, Subhasree Kar did not have (either directly or i...

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Phillips 66 stock has logged a strong run over the past several years, and with the shares recently around US$176, the key tension for investors is whether that performance still lines up with what the current valuation checks are saying or if expectations are already baked in. Over the past 5 years Phillips 66 has returned about 164%, which puts the focus on whether the business can justify that kind of compounding from here. Recent news on higher refining margins and projects such as the planned waste heat to power facility in Colorado can support earnings power, but the stock still faces the risk that margins or fuel demand may prove less resilient than currently assumed. On Simply Wall St's broader valuation checks, Phillips 66 screens as neither clearly cheap nor clearly expensive, with the stock looking undervalued on some metrics while only passing 3 of 6 tests overall, giving it a mixed score of 3 out of 6. The stock's next move may depend on whether the current share price already reflects these stronger margin expectations or still leaves a reasonable margin of safety for new investors. Phillips 66 delivered 43.3% returns over the last year. See how this stacks up to the rest of the Oil and Gas industry. The P/E ratio is a useful way to sanity check what you are paying today for each dollar of Phillips 66 earnings. Phillips 66 trades on a P/E of about 17.2x, compared with an oil and gas industry average of around 13.0x and a peer group average near 15.9x, so the stock sits at a modest premium to its sector and close to its direct peers. Simply Wall St’s tailored fair P/E for Phillips 66 is about 22.0x. This is higher than both the current 17.2x and the wider industry benchmarks. Despite the recent focus on strong refining margins and projects such as the planned waste heat to power facility in Colorado, the valuation model suggests the market is pricing Phillips 66 below the multiple that would typically be expected for its profile. On this P/E yardstick, Phillips 66 stock appears undervalued relative to the fair multiple implied by its fundamentals. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives for Phillips 66 pick up...

A month has gone by since the last earnings report for Marathon Petroleum (MPC). Shares have added about 8.7% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Marathon Petroleum due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for Marathon Petroleum Corporation before we dive into how investors and analysts have reacted as of late. Marathon Petroleum reported first-quarter 2026 adjusted earnings per share of $1.65, which beat the Zacks Consensus Estimate of 72 cents. Moreover, the bottom line increased significantly from the year-ago adjusted loss of 24 cents. The outperformance was driven by stronger-than-expected Refining & Marketing segment performance. The Findlay, OH-based oil and gas refining and marketing company reported revenues of $34.6 billion, which beat the Zacks Consensus Estimate of $30.3 billion. Moreover, the top line increased 8.5% year over year, reflecting higher sales and other operating revenues, along with higher revenues from other income. The company distributed approximately $1 billion to its shareholders during the first quarter and ended the quarter with $3.6 billion of capacity remaining under its share repurchase authorizations as of March 31, 2026. MPC also announced an incremental $5 billion share repurchase authorization. With the addition of this new authorization, the company will have $8.6 billion available under its share repurchase authorizations as of March 31, 2026. Refining & Marketing: The Refining & Marketing segment reported adjusted EBITDA of $1.4 billion, up approximately 181.6% from the year-ago figure of $489 million, and the figure surpassed the consensus estimate by 51%. The refining margin improved to $17.74 per barrel from $13.38 in the prior-year quarter, primarily reflecting stronger crack spreads. Moreover, the figure beat the consensus estimate by 10.3%. Refining capacity utilization for the quarter was 89%, in line with the year-ago period. Midstream: This unit mainly reflects Marathon Petroleum’s general partner and majority limited partner interests in MPLX — a publicly traded master limited partnership that owns, operates, develops and acquires pipelines and other midstream assets. The segme...

A month has gone by since the last earnings report for Phillips 66 (PSX). Shares have lost about 1.4% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Phillips 66 due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Phillips 66 reported first-quarter 2026 adjusted earnings of 49 cents per share, topping the Zacks Consensus Estimate of a loss of 55 cents. The bottom line skyrocketed 154.4% year over year from an adjusted loss of 90 cents. Total revenues and other income came in at $33 billion, rising 4% from the year-ago quarter’s $31.7 billion and beating the consensus mark of $29.5 billion, reflecting an 11.8% surprise. The strong quarterly results were supported by solid operating performance in the refining system, which ran at 95% capacity utilization and delivered an 87% clean product yield. However, mark-to-market losses tied to short derivative positions used to manage price risk weighed on PSX’s first-quarter profitability. Refining generated adjusted pre-tax earnings of $208 million, reversing from a loss of $937 million in the year-ago quarter. The system processed 2,009 MBD of total inputs and worldwide realized refining margins were $10.11 per barrel versus $6.81 per barrel in the prior-year period. The segment benefited from increased realized refining margins and higher processed volumes. Costs tied to reliability work were meaningful. Turnaround expenses totaled $178 million, embedded in operating and SG&A expenses. However, management highlighted that mark-to-market impacts affected the results, partially offset by stronger clean product differentials. Midstream was a key earnings contributor, delivering $591 million of adjusted pre-tax earnings in the quarter. NGL pipeline throughput to market averaged 930 MBD and NGL fractionated volumes averaged 980 MBD, providing scale benefits even as volumes were lower than the prior quarter. Operationally, Phillips 66 formally increased Sweeny NGL fractionation capacity by 23% and boosted the Freeport LPG export dock capacity by 15%, reflecting capacity optimization. These additions support the company’s long-term positioning in NGL logistics and exports, an area...

ConocoPhillips, EOG Resources, and Phillips 66 drive 38% of IEO’s income, making the fund deeply dependent on energy sector volatility. IEO returned 41% in the past year but retirees should avoid it; payouts are unpredictable and WTI at 98th percentile suggests downside risk. The analyst who called NVIDIA in 2010 just named his top 10 stocks and iShares US Oil & Gas Exploration & Production ETF wasn't one of them. Get them here FREE. The iShares U.S. Oil & Gas Exploration & Production ETF (NYSEARCA:IEO) just paid a $0.55 distribution in March, the lightest quarterly payment since mid-2024. IEO holders are buying the aggregated dividend policies of America's largest oil and gas producers, and those policies flex with the commodity. With WTI back above $112 per barrel in mid-May, the question is whether distributions through the rest of 2026 will hold near current levels, surge toward 2022 highs, or decline as they did during the winter oil swoon. IEO is a passive index fund tracking U.S. oil and gas exploration, production, and refining names. It charges 0.38% in expenses and pays out roughly what its underlying companies pay, net of fees. When ConocoPhillips raises its variable dividend, IEO's next quarterly distribution rises. When EQT cuts in a weak gas market, IEO's distribution shrinks. That mechanic makes the payout inherently lumpy. Quarterly distributions ranged from $0.19 in the second quarter of 2020 to $1.22 in the third quarter of 2022. The 2025 payments averaged $0.58 per share, in line with 2024. IEO functions as a pass-through for energy cash flow. The analyst who called NVIDIA in 2010 just named his top 10 stocks and iShares US Oil & Gas Exploration & Production ETF wasn't one of them. Get them here FREE. Three names produce most of the income. ConocoPhillips alone is roughly 20% of assets, with EOG Resources at about 10% and Phillips 66 at about 9%, putting the top three near 38% of the fund. Marathon Petroleum and Devon Energy add another 11%. ConocoPhillips is the linchpin. The stock is up 43% over the past year and pays a base dividend plus a variable component tied to free cash flow. With WTI averaging well above its breakeven, base coverage is secure. The variable piece will fall if oil retreats toward $55 December 2025 low. Gas-weighted holdings introduce separate risk. EQT and Coterra represent about 9% of the fund, and Henry Hub has c...

Phillips 66 (NYSE:PSX) is included among the 10 Energy Stocks that Crushed Earnings Estimates in the First Quarter. Phillips 66 (NYSE:PSX) is a diversified and integrated downstream energy provider that manufactures, transports, and markets products. Phillips 66 (NYSE:PSX) reported its Q1 2026 results on April 20. The company delivered a surprise adjusted profit of $0.49 per share and exceeded expectations by $0.88, as strong refining margins and higher capacity utilization helped it offset the ​impact of volatile commodity prices. Phillips 66 (NYSE:PSX)’s ​refining segment reported adjusted earnings of $208 million in the first quarter, swinging from a loss of $937 million in the same period last year. Moreover, the company’s realized ​refining margin climbed to $10.11 per barrel, up from $6.81 a year earlier. The refiner’s crude capacity utilization also reached 95% during the quarter, compared to 80% ​from a year ago. That said, the soaring commodity prices amid the Iran war reduced the value of the company’s hedges, offsetting gains from stronger underlying operations. Oakmark Select Fund stated the following regarding Phillips 66 (NYSE:PSX) in its Q1 2026 investor letter: While we acknowledge the potential of PSX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best US Stocks to Invest in According to Billionaires and 10 Best Clean Energy Stocks to Buy Right Now Disclosure: None. Follow Insider Monkey on Google News.

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Phillips 66 (PSX) has come onto investors’ radar after reporting Q1 adjusted earnings per share of $0.49 on revenue of $33 billion, both ahead of forecasts that had called for a loss and lower sales. The earnings surprise arrives alongside governance updates, including the re election of four Class II directors, shareholder approval of executive pay, and board leadership changes that keep Greg Hayes as lead independent director and appoint Doug Terreson to chair the Audit and Finance Committee. See our latest analysis for Phillips 66. Alongside the earnings beat and governance updates, Phillips 66’s recent share price momentum has been strong, with a 1 month share price return of 12.68% and a year to date share price return of 34.95%, while the 5 year total shareholder return of 150.67% points to gains for long term holders. If this kind of energy stock momentum has your attention, it can be useful to see what else is moving through the power and infrastructure space using our 35 power grid technology and infrastructure stocks With the stock up strongly over the past year and analysts’ average price target only modestly above the last close, the key question now is whether Phillips 66 still trades at a discount or whether the recent strength already reflects future growth. According to the most followed valuation narrative, Phillips 66's fair value of $268.71 sits well above the last close at $176.20, which puts the current share price at a meaningful discount in that framework. Read the complete narrative. Want to see what sits behind that higher fair value? According to mschoen25, the narrative leans on steadier revenue growth, firmer margins and a richer future earnings multiple, all filtered through a lower required return. The tension between those inputs and today’s price is what makes the full story worth a closer look. Result: Fair Value of $268.71 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, you also need to watch for pressure from declining annual revenue growth of 1.44% and any shift in energy demand that squeezes refining and chemicals margins. Find out about the key risks to this Phillips 66 narrative. With both risks...

EOG Resources, Inc. EOG posted adjusted earnings of $3.41 per share in the first quarter of 2026, up 18.8% from the year-ago level of $2.87. The bottom line beat the Zacks Consensus Estimate for earnings of $3.07 by 11.1%. Total revenues of $6.92 billion increased 22.1% year over year and beat the consensus mark of $6.3 billion. Strong quarterly results were supported by higher production, with total crude-oil-equivalent volumes averaging 1,383.8 MBoe/d in the quarter, reflecting strong production execution. EOG Resources, Inc. price-consensus-eps-surprise-chart | EOG Resources, Inc. Quote EOG Resources showed solid leverage to production growth. Net income was $2 billion, translating to reported earnings of $3.70 per share, while adjusted net income was $1.8 billion. Income taxes totaled $575 million, implying an effective tax rate of 22.5% in the period. Cost control helped keep the earnings flow-through intact even as activity remained elevated. Lease and well expenses were $462 million, and depreciation, depletion and amortization was $1.19 billion. For investors, the quarter reinforced that EOG’s earnings power is being driven by a combination of operating scale and steady expense execution. EOG Resources’ top-line composition highlighted the importance of product and midstream-linked contributions. Revenues from crude oil and condensate were $3.58 billion, while natural gas liquids generated $664 million and natural gas contributed $1.02 billion. In total, revenues from sales of crude oil and condensate, NGLs, and natural gas were $5.26 billion. The company also recorded $1.50 billion in gathering, processing and marketing revenues, which can add variability to reported revenues, depending on volumes and market conditions. Other items included $113 million in gains on mark-to-market derivative contracts and $31 million in gains on asset dispositions, helping round out operating revenues during the quarter. EOG delivered a clear year-over-year step-up in liquids volumes. Crude oil and condensate volumes rose to 548.5 MBbld from 502.1 MBbld in the year-ago quarter. Natural gas liquids volumes increased to 332.1 MBbld from 241.7 MBbld, while natural gas volumes climbed to 3,020 MMcfd from 2,080 MMcfd. Realized pricing provided added support on the liquids side. Composite crude oil and condensate pricing averaged $72.47 per barrel versus $72.87 a year ago,...

The Standard & Poor's 500 index rose 0.9% this week to another closing record high as the communicat

Phillips 66 reported Q1 GAAP earnings of $207 million ($0.51/share) and adjusted earnings of $200 million ($0.49/share), but results were weighed down by a $839 million mark-to-market loss on hedge positions; the company used $2.3 billion of operating cash flow (ex-WC ~ $700M) and returned $778 million to shareholders while raising the dividend 7%. Management said its largely U.S. footprint plus an asset-backed trading and logistics platform enabled high refinery utilization and market capture of 138%, using moves like shipping Bakken crude under Jones Act waivers to monetize dislocated markets amid Middle East-driven volatility. Liquidity and balance-sheet actions included increasing cash to $5.2 billion (from $1.1B) by drawing on short-term facilities to meet margin collateral, and the company reiterated targets to reduce debt to about $19 billion by end-2026 and to $17 billion by end-2027 while returning >50% of net operating cash flow to shareholders. Interested in Phillips 66? Here are five stocks we like better. Why Oil Refiners Are the Real Winners of $100 Oil Prices Phillips 66 (NYSE:PSX) reported first-quarter 2026 earnings as management emphasized operational execution and commercial flexibility amid what it called unprecedented commodity price volatility tied to geopolitical events in the Middle East. Chairman and CEO Mark Lashier said the quarter featured extreme moves across crude oil, refined products and European natural gas benchmarks, noting March was the first month in which price moves in all three major benchmarks exceeded the 95th percentile. Lashier said Phillips 66’s largely U.S.-based footprint and access to “some of the lowest cost and most reliable hydrocarbon corridors in the world” helped the company continue operating at high utilization even as “a significant amount of global refining and petrochemical capacity is down” following the closure of the Strait of Hormuz. He also pointed to a “significant and favorable shift in market fundamentals,” including increased demand for U.S.-sourced hydrocarbons, lower global refining inventories due to unplanned downtime, and reduced petrochemical production because of downtime and higher naphtha prices. → Meta Posted Its Best Sales Growth Since 2021—So Why Did Shares Fall? A Christmas Stress Test: Why Diesel Pricing Stress Means Profits During the prepared remarks, the company detailed how...

Motor fuel retailer Murphy USA Inc. MUSA posted first-quarter 2026 earnings of $7.28 per diluted share, up 176.8% from $2.63 a year ago and ahead of the Zacks Consensus Estimate of $5.37 by 35.6%. Total operating revenues rose 6.5% year over year to $4.8 billion and topped the consensus mark of $4.7 billion by 3.9%. Results reflected a more favorable refined-products environment and solid execution, with total fuel contribution of 35 cents per gallon and total retail fuel volumes up 2.1% year over year. Total fuel contribution climbed 40.6% year over year to $403.9 million, supported by both higher margins and higher volumes. Retail fuel contribution increased 9.5% to $293 million as retail fuel margin expanded to 25.4 cents per gallon from 23.7 cents a year earlier. Fuel supply, including RINs, also swung meaningfully positive, contributing 9.6 cents per gallon versus 1.7 cents per gallon in the year-ago quarter. Management attributed the fuel supply lift largely to market-driven pricing effects and the timing of inventory movements during the period. Murphy USA Inc. price-consensus-eps-surprise-chart | Murphy USA Inc. Quote Merchandise contribution increased 7.3% to $210.2 million, driven by higher sales volume and improved unit margins. Merchandise sales advanced 5% year over year to $1 billion, while average unit margin improved to 20% from 19.6%. On a same-store basis, total merchandise contribution rose 4.9%. Nicotine remained the standout, with nicotine contribution on a same-store basis increasing to $20.2 thousand per store month from $18.5 thousand, while non-nicotine contribution was $19.7 thousand versus $19.9 thousand a year ago. Management emphasized that customer behavior shifts tend to build as higher pump prices persist. In April, the company indicated volumes were running roughly flat to the prior year on an average per-store month basis, alongside expectations for all-in fuel margins between 35 cents and 40 cents per gallon for the month. Loyalty metrics were a notable signal of traffic opportunity. Murphy Drive Rewards added about 600,000 members in a month, the highest monthly total since 2022, and management also cited year-over-year increases of 8.5% in active members and about 12% in total transactions, pointing to more frequent visits even as baskets may moderate. Profitability gains were not limited to fuel and merchandise. Adjusted...