Phillips 66 (PSX) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Phillips 66 is cutting at least 1,100 jobs by the end of this year as the refining giant seeks to slash costs and steer a larger chunk of its soaring profits to shareholders.
Phillips' investor-return plan comes at a time President Biden has demanded that energy companies invest their profit into boosting production before considering shareholder returns.
Phillips 66 PSX, -0.30% said Wednesday it is planning to return $10 billion to $12 billion to shareholders through the end of 2024 through a mix of share buybacks and dividends. In a statement ahead o

Is It Time to Dive Back into Stocks?

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The strength in the economy indicates that Fed actions will continue, so it's better to go for safer stocks.
Strong refining margins worldwide aid Phillip 66's (PSX) earnings in Q3.
OPEC+ decided to cut production, even with oil prices well above where they were last year.
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Here is how Phillips 66 (PSX) and SilverBow Resources (SBOW) have performed compared to their sector so far this year.

Why Phillips 66 Was Rising Today

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Earnings beat expectations, as refined products remained in relatively high demand.
Phillips 66 (NYSE:PSX ) Q3 2022 Earnings Conference Call November 1, 2022 12:00 PM ET Company Participants Jeff Dietert - Vice President, Investor Relations Mark Lashier - President and CEO Kevin Mitc
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest
Phillips 66 (PSX) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still tra
The Zacks Oils and Energy Sector has been hot in 2022, up more than 35% and easily outperforming the S&P 500. Is there more gas left in the tank?
Phillips 66 (PSX) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
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