Phillips 66 (PSX) Phillips 66 operates as a diversified energy company, specializing in both manufacturing and logistics. Its comprehensive business model is structured across four primary segments: Midstream, Chemicals, Refining, and Marketing & Specialties (M&S). The Midstream division manages the vital infrastructure for transporting and processing various energy commodities. This includes moving crude oil and other feedstocks, delivering refined petroleum products to market, offering terminaling and storage solutions, and handling natural gas liquids (NGLs) through processes like transportation, storage, fractionation, export, and marketing. It also provides fee-based processing services and oversees the gathering, processing, transportation, and marketing of natural gas. The Chemicals segment is dedicated to the production and distribution of a broad spectrum of chemical products. This encompasses olefins like ethylene, aromatics and styrenics such as benzene, cyclohexane, styrene, and polystyrene, alongside various specialty chemicals. These specialty products include organosulfur compounds, solvents, catalysts, and chemicals utilized in drilling and mining operations. Through its Refining segment, Phillips 66 transforms crude oil and other feedstocks into essential petroleum products. These include different grades of gasoline, distillates, aviation fuels, and renewable fuels, processed at its network of 12 refineries located in the United States and Europe. The Marketing & Specialties (M&S) segment focuses on the procurement, resale, and marketing of refined petroleum products like gasolines, distillates, and aviation fuels, primarily serving markets in the United States and Europe. This segment also manufactures and distributes specialized products, including base oils and lubricants. Phillips 66, founded in 1875, is headquartered in Houston, Texas.
Sector: Petroleum Refining
Industry: Oil & Gas Refining & Marketing
Phillips 66 NYSE:PSX Energy · Oil & Gas Refining & Marketing
Mkt Cap $112.99B
Div Yield 1.77%
AH Close $283.18 +0.00% vs close
AH Close $283.18 +0.00% vs close
Mkt Cap $112.99B
Div Yield 1.77%
All Press Release SEC Filings News
Press Release
Phillips 66 Announces Increase in Quarterly Dividend
Phillips 66's board declared a quarterly dividend of $1.33 per share, a $0.06 increase, payable Dec. 1, 2026 to shareholders of record Nov. 17.
This is the second dividend increase in 2026, bringing the annualized increase to 10.8% versus Q4 2025.
Management framed the raise as evidence of durable cash flow, noting the annual dividend has grown at a 14% compound annual rate since the 2012 spinoff.
• 9d ago AI analysis › SEC Filing
PSX: 8-K · leadership change
Phillips 66 disclosed that Richard G. Harbison, Executive Vice President of Refining, provided notice on September 29, 2026 of his intent to retire effective December 31, 2026.
The departure was announced with a full quarter of lead time, suggesting an orderly succession process rather than an abrupt exit.
Harbison oversaw the company's refining operations, a core business segment for Phillips 66, so investors may watch for the naming of a successor and any downstream organizational changes.
SEC 8-K • 20d ago AI analysis › Press Release
Phillips 66 Announces Refining Leadership Transition
Phillips 66 announced that Rich Harbison, executive vice president of Refining, will retire effective Dec. 31, 2026.
Chris Chandler, a 30-year energy industry veteran with two decades of prior Phillips 66 leadership experience and most recently COO of Plains All American, joins Oct. 6, 2026 as strategic advisor to the CEO and becomes EVP of Refining on Jan. 1, 2027.
The transition is part of planned succession planning, with a multi-month overlap intended to ensure continuity in the refining organization.
• 20d ago AI analysis › News
Phillips 66: Earnings Conditions Look To Be Structural, Rather Than Cyclical
seekingalpha.com • 22d ago News
Why Phillips 66 (PSX) is a Top Growth Stock for the Long-Term
zacks.com • 23d ago News
Phillips 66 (PSX) Increases Despite Market Slip: Here's What You Need to Know
zacks.com • 24d ago News
Why Phillips 66 (PSX) is a Great Dividend Stock Right Now
zacks.com • 26d ago News
3 Energy Stocks to Buy as Share Buybacks Gather Momentum
zacks.com • 26d ago News
US refiner Phillips 66 is using AI to predict outages and boost processing, executive says
reuters.com • 0mo ago News
Phillips 66 (PSX) is a Top-Ranked Momentum Stock: Should You Buy?
zacks.com • 1mo ago News
Phillips 66 (NYSE:PSX) Sets New 12-Month High – Here’s What Happened
defenseworld.net • 1mo ago News
Phillips 66 (PSX) Stock Slides as Market Rises: Facts to Know Before You Trade
zacks.com • 1mo ago News
MPC vs. PSX: A Closer Look at Two Strong Refining Powerhouses
zacks.com • 1mo ago News
Phillips 66 Is Minting Money on $102 Diesel Margins. How Long Can It Last?
247wallst.com • 1mo ago News
Phillips 66: Resilient Refining Meets Midstream Stability
zacks.com • 1mo ago News
5 Relative Price Strength Stocks to Buy Amid Rising Rates
zacks.com • 1mo ago Press Release
Phillips 66 to announce third-quarter financial results
Phillips 66 will release its third-quarter 2026 financial results on Wednesday, Oct. 28, 2026, with executive management hosting a webcast at noon ET that day.
The webcast will be accessible via the Events and Presentations section of the Phillips 66 investor site, and a replay and transcript will be posted after the event.
This is a scheduling advisory only — no financial results, guidance, or figures were included in the release.
• 1mo ago AI analysis › News
Phillips 66 (PSX) Rises As Market Takes a Dip: Key Facts
zacks.com • 1mo ago News
Phillips 66 (PSX) is a Great Momentum Stock: Should You Buy?
zacks.com • 1mo ago News
Phillips 66: I Was Wrong On The Duration, Not On The Cycle
seekingalpha.com • 1mo ago News
Wall Street Bulls Look Optimistic About Phillips 66 (PSX): Should You Buy?
zacks.com • 1mo ago News
Phillips 66 (PSX) Hit a 52 Week High, Can the Run Continue?
zacks.com • 1mo ago News
New Strong Buy Stocks for September 8th
zacks.com • 1mo ago News
Here's Why Phillips 66 (PSX) is a Strong Momentum Stock
zacks.com • 1mo ago News
Why Is Phillips 66 (PSX) Up 23.9% Since Last Earnings Report?
zacks.com • 1mo ago News
Why Phillips 66 (PSX) is a Top Value Stock for the Long-Term
zacks.com • 1mo ago News
Phillips 66, Target, and Wells Fargo Just Paid Shareholders. Here's What They Got.
247wallst.com • 1mo ago News
Lasting Energy Chokeholds Present Buy Opportunities Across Sector
youtube.com • 1mo ago News
Here's Why Phillips 66 (PSX) is a Strong Growth Stock
zacks.com • 1mo ago News
Phillips 66: Refining Upside Backed by Stable Midstream Operations
zacks.com • 1mo ago News
Cenovus vs. Phillips 66: Which Energy Stock Is the Better Buy?
zacks.com • 2mo ago News
PSX Gains 17.5% in a Month: Can Refining Strength Keep the Run Going?
zacks.com • 2mo ago SEC Filing
PSX: 8-K · debt financing
Phillips 66 filed an 8-K on August 21, 2026 disclosing that its subsidiary Phillips 66 Company amended its accounts receivable securitization program on August 20, 2026 via the Fifth Amendment to its Receivables Purchase and Financing Agreement.
The amendment increases the maximum committed facility from $1.75 billion to $2 billion, establishes an additional uncommitted facility of up to $250 million, and extends the maturity date from September 28, 2026 to August 19, 2027.
PNC Bank, National Association remains administrative agent with PNC Capital Markets LLC as structuring agent, and Truist joined the facility as a Purchaser/Lender. The extension removes a near-term maturity and modestly expands Phillips 66's liquidity headroom heading into 2027.
SEC 8-K • 2mo ago AI analysis › News
WTI Surges, Yet Phillips 66's Refining Backdrop Looks Supportive
zacks.com • 2mo ago News
Why Phillips 66 (PSX) is a Top Momentum Stock for the Long-Term
zacks.com • 2mo ago News
Will Western Gateway Enhance PSX's Midstream & Refining Cash Flow?
zacks.com • 2mo ago News
Executive Dumps Over 52,000 Shares of Iconic Energy Stock, After It Surges 101% in One Year
fool.com • 2mo ago News
PSX, KMI & DINO Advance $5B Western Gateway Pipeline Project
zacks.com • 2mo ago News
Should You Buy Phillips 66 Stock at its Current Premium Valuation?
zacks.com • 2mo ago News
A Phillips 66 Director Trimmed a Trust Stake After an 81% Run. Here's What to Know
fool.com • 2mo ago News
A Phillips 66 Insider Cashed In Options After a Blowout Quarter. Here's What to Know
fool.com • 2mo ago News
Why Phillips 66 (PSX) is a Top Growth Stock for the Long-Term
zacks.com • 2mo ago News
Phillips 66, Kinder Morgan, HF Sinclair approve Western Gateway pipeline project
reuters.com • 2mo ago Press Release ● Major
Phillips 66, Kinder Morgan and HF Sinclair Announce Final Investment Decision for Western Gateway Pipeline
HF Sinclair, along with partners Phillips 66 and Kinder Morgan, made a final investment decision to proceed with the Western Gateway Pipeline joint venture, securing a 15% ownership stake.
The project carries an enterprise value of approximately $5.0 billion, with HF Sinclair committing roughly $750 million in cash to the development.
The 1,300-mile pipeline system is designed to transport 230,000 barrels per day and is targeting completion in 2029, subject to regulatory approvals.
• 2mo ago AI analysis › News
Phillips 66 Q2 Earnings Call Highlights
marketbeat.com • 2mo ago News
Phillips 66 (PSX) Reports Q2 Earnings: What Key Metrics Have to Say
zacks.com • 2mo ago News
Phillips 66 Q2 Review: Refining Boom Unlikely To End Soon
seekingalpha.com • 2mo ago News
PSX Q2 Earnings Call Sees Refining Tightness Lasting Longer
zacks.com • 2mo ago SEC Filing ● Major ⚠ 6
PSX: 10-Q · periodic report
Phillips 66's second-quarter 2026 10-Q shows net income attributable to the company of $3.8 billion, or $9.55 per diluted share, versus $877 million, or $2.15, a year earlier, on sales and other operating revenues of $51.0 billion, up 53% year over year.
Refining drove the surge: segment pre-tax income jumped to $3.1 billion from $359 million as the composite 3:2:1 crack spread more than doubled to $41.63 per barrel, worldwide realized refining margins reached $24.08 per barrel at 96% utilization, and Chemicals segment income rose to $404 million from $20 million on stronger CPChem polyethylene margins.
The balance sheet strengthened alongside shareholder returns: Phillips 66 ended June with $4.1 billion of cash, generated $5.0 billion of first-half operating cash flow, and returned $1.7 billion to shareholders; the Board added $10 billion to the repurchase authorization in July 2026 and declared a $1.27 quarterly dividend.
Key watch items include the $833 million Propel Fuels trade-secrets judgment now on appeal (with $928 million accrued), a $2.0 billion first-half net loss on commodity derivatives, and reliance on elevated crack spreads and $93 WTI crude that may not persist.
SEC 10-Q • 2mo ago AI analysis › News
Phillips 66 Says It's The Third-Largest Buyer Of Venezuelan Crude As Trump Blasts Exxon And Chevron
forbes.com • 2mo ago News
Phillips 66 (PSX) Q2 2026 Earnings Call Transcript
seekingalpha.com • 2mo ago News
PSX Q2 Earnings & Revenues Beat Estimates on Strong Refining Margins
zacks.com • 2mo ago News
Phillips 66 plans refineries to run in mid-90% range of capacity in Q3
reuters.com • 2mo ago News
Is Phillips 66 (PSX) Overvalued After Q2 Earnings Beat with $9.55 EPS? GF Score: 64/100, 47.3% Overvalued
gurufocus.com • 2mo ago News
Phillips 66 (PSX) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
zacks.com • 2mo ago News
Phillips 66 (PSX) Beats Q2 Earnings and Revenue Estimates
zacks.com • 2mo ago News
Phillips 66 beats quarterly profit estimates on strong refining margins
reuters.com • 2mo ago Press Release ● Critical
Phillips 66 Delivers Strong Second-Quarter Results and Operating Performance
Phillips 66 reported second-quarter earnings of $3.8 billion, or $9.55 per share, a substantial increase from the prior quarter's $207 million.
The company strengthened its balance sheet by reducing total debt by $6.6 billion to $20.6 billion, while returning $887 million to shareholders through dividends and buybacks.
Operational highlights included achieving record NGL fractionation volumes, 96% refining utilization, and bringing the Dos Picos II gas plant to full production.
• 2mo ago AI analysis › News
Here's Why Phillips 66 (PSX) is a Strong Momentum Stock
zacks.com • 2mo ago News
Phillips 66 (PSX) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
zacks.com • 2mo ago Press Release ⚠ 2
A Multi-State Pipeline Won't Reach the West Until 2029. Nevada's Only Refinery Is Entering Production Now.
American News Group issued a paid advertisement regarding Sky Quarry Inc., mentioning HF Sinclair (DINO) only as a sector reference point.
The article notes that HF Sinclair shares have traded near 52-week highs due to elevated refining margins, using the company as a geographic analogue for Sky Quarry's operations.
The publication is a promotional piece for Sky Quarry and contains no new operational or financial information regarding HF Sinclair.
• 2mo ago AI analysis › News
Phillips 66 approves $10 billion increase to share repurchase program
reuters.com • 2mo ago Press Release ● Major
Phillips 66 announces additional share repurchase authorization
Phillips 66’s board of directors approved a $10 billion increase to its share repurchase authorization as the remaining limit under the current program was nearing its exhaustion.
Chairman and CEO Mark Lashier emphasized that the decision reinforces the company’s commitment to long-term shareholder value, complementing its growing dividend and debt reduction efforts.
Shares may be repurchased in the open market at the company’s discretion, subject to market conditions and regulatory requirements.
• 2mo ago AI analysis › News
Phillips 66 (PSX) Outpaces Stock Market Gains: What You Should Know
zacks.com • 2mo ago News
Phillips 66's Q2 Earnings on Deck: Should You Bet on the Stock?
zacks.com • 2mo ago News
Phillips 66: A High-Conviction Structural Entry Before Earnings
seekingalpha.com • 2mo ago News
Shell, Phillips 66 weigh sale of stakes in $3.5 billion US pipeline Explorer, sources say
reuters.com • 2mo ago News
All You Need to Know About Phillips 66 (PSX) Rating Upgrade to Buy
zacks.com • 3mo ago News
Phillips 66 (PSX) Is Up 9.82% in One Week: What You Should Know
zacks.com • 3mo ago News
Here's Why Phillips 66 (PSX) is a Strong Value Stock
zacks.com • 3mo ago News
Why Phillips 66 (PSX) Outpaced the Stock Market Today
zacks.com • 3mo ago News
Is Phillips 66 Positioned to Return Capital to Its Shareholders?
zacks.com • 3mo ago News
Exclusive: Skip USO and BNO? Louis Navellier Explains Why Traders Should 'Prefer Individual Stocks' Like PSX
benzinga.com • 3mo ago News
Can Tight Fuel Markets Benefit Phillips 66's Refining Business?
zacks.com • 3mo ago News
Phillips 66 (PSX) Stock Drops Despite Market Gains: Important Facts to Note
zacks.com • 3mo ago News
ExxonMobil vs. Phillips 66: Which Energy Stock Should You Pick?
zacks.com • 3mo ago News
Here's Why Phillips 66's Refining Strength Supports Long-Term Growth
zacks.com • 3mo ago News
Phillips 66's CFO Cashed In Options but Kept an $18.3 Million Stake · Here's What Investors Should Focus On Instead
fool.com • 3mo ago News
Phillips 66 (PSX) Beats Stock Market Upswing: What Investors Need to Know
zacks.com • 3mo ago Press Release
Phillips 66 Announces Quarterly Dividend
Phillips 66's board of directors declared a quarterly dividend of $1.27 per share on the company's common stock.
The dividend is payable on September 1, 2026, to shareholders of record as of the close of business on August 18, 2026.
• 3mo ago AI analysis › Recent SEC filings with analysis 
