PSX Phillips 66Watchlist
About Phillips 66 Company
Phillips 66 engages in the processing, transportation, storage, and marketing of fuels and other related products. The company operates through the following segments: Midstream, Chemicals, Refining and Marketing & Specialties. The Midstream segment provides crude oil and refined products transportation, terminaling and processing services, as well as natural gas, natural gas liquids and liquefied petroleum gas transportation, storage, processing and marketing services. The Chemicals segment produces and markets petrochemicals and plastics on a worldwide basis. The Refining segment Refines crude oil and other feedstocks into petroleum products such as gasoline, distillates and aviation fuels. The Marketing and Specialties segment purchases for resale and markets refined petroleum products such as base oils and lubricants, as well as power generation operations. The company was founded in 1875 and is headquartered in Houston, TX.
Express News | Phillips 66 Shares Are Trading Higher on Continued Strength After the Company Confirmed Ongoing Discussions With Elliot Investment Management. Yesterday, Elliot Disclosed a $1 Billion Stake in the Company and Planned to Seek Board Seats
Phillips 66 Options Trading: A Deep Dive Into Market Sentiment
Investors with a lot of money to spend have taken a bearish stance on Phillips 66 (NYSE:PSX).And retail traders should know.We noticed this today when the positions showed up on publicly available opt
Phillips 66 Embraces Elliott's Turnaround Vision, Eyes 'Constructive Dialogue' for Major Stock Boost
Phillips 66 (NYSE:PSX) said it is upbeat about the factors detailed by Elliott Investment Management that signal a significant turnaround and is looking for a "constructive dialogue" with the firm. Th
“With interest rates peaking a month ago and a growing sense that the Federal Reserve might actually be done tightening as inflation comes down, let’s face it: we’ve got a whole new market,” he said.
Oil Bears Are Not Worried Yet
Crude is still strongly bearish. The very oversold conditions might spur a small rebound. At least a small rebound in the short term. But this seems like the rebound we have seen so far is too small to suffice. Will we see more of a rebound?
I was expecting more of a rebound. You can see this illustrated in the chart below. There still could very well be mo...