Ticker: PSX

Cenovus (CVE) will sell its 50% stake in WRB Refining LP to partner Phillips 66 (PSX), giving PSX full control. Transaction via subsidiaries aims to close ~Q3 2025; proceeds boost Cenovus cash and shift refining results to Phillips 66.

Phillips 66 (NYSE: PSX) has recently released its income statement for the second quarter ending June 30, 2025, reflecting a mixture of performance influencing factors. Positive Aspects: Net Income: Reported net income attributable to Phillips 66 was $877 million for Q2 2025, although it was dow...

Phillips 66 (NYSE: PSX) - Q1 2025 Financial Review Phillips 66 reported a net income of $487 million for Q1 2025, a decline of 35% from $748 million in the same quarter of 2024. The drop is primarily attributed to decreased refining margins and rising operational costs. Positive Aspects: Net Gai...

Phillips 66 (NYSE: PSX) readies to nominate two new directors amid a proxy battle with Elliott Investment Management, which seeks to elect its own candidates. Traders should monitor these developments as they could significantly impact company strategy and stock performance.