Phillips 66's (PSX) initiative to divest Alliance refinery reflects possibilities of its refining business suffering in the long run since demand for cleaner fuel is on the rise.
With the trading day more than halfway over, the broad markets made a big push higher to close out the week after a series of down days.

Why Energy Stocks Are Down This Week

02:20pm, Thursday, 19'th Aug 2021
Energy stocks took it on the chin this week.
Some of the top losers of the S&P 500 yesterday were energy-related names Chevron (CVX), Marathon Oil (MRO), Diamondback Energy (FANG), Devon Energy (DVN), Occidental Petroleum (OXY) and Phillips 66 (
Apart from Chesapeake Energy (CHK), Viper Energy Partners (VNOM) and Phillips 66 (PSX), there were news from TechnipFMC (FTI) and The Williams Companies (WMB) during the week.
Phillips 66 Partners: The Distributions Are Too Big
Energy prices slumped Monday after weaker Chinese economic data raised demand concerns. Profit from falling oil prices with these two inverse ETFs.
Large oil refiner Phillips 66, a $32.4 billion market cap company, pays a 4.9% dividend. Profits come from midstream, chemicals, refining, and marketing & specialties. Good earnings from chemicals and
Higher operating and maintenance expenses hurt Phillips 66 Partners??? (PSXP) Q2 earnings.
On Aug. 9, energy company Phillips 66 (NYSE:PSX)  announced that it has entered into an agreement to acquire a 16% stake in NOVONIX Limited, an Australian-based company that develops and supplies mat
Gasoline demand is ticking up on relaxation of coronavirus curbs in the U.S. and rest of the world. The Zacks Oil and Gas - Refining & Marketing industry players like HollyFrontier (HFC), Murphy USA (
Phillips 66's (PSX) latest deal with NOVONIX is another milestone for the refining and marketing company toward investing in low-emission future.
Phillips 66 will acquire a 16% stake in lithium-ion battery material supplier NOVONIX Limited for $150 million, the U.S. refiner said on Monday, as demand for electric-vehicle battery materials rises.

3 Top Energy Stocks to Buy in August

06:03am, Saturday, 07'th Aug 2021
Three top stocks that are timely buys right now.
A combination of falling oil prices, worries about the delta coronavirus variant, and reactions to earnings is sending most oil stocks down on Wednesday.
Click to get the best stock tips daily for free!

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE