Oil Slips as Brexit & Fed Fears Outweigh Small Stock Draw
Nilanjan Choudhury - Zacks Investment Research - Thu Jun 16, 11:08PM CDT
WTI futures fell yesterday as the market's nervousness over Brexit and Fed rate decision more than offset the modest inventory decline.
PSX: 78.62 (-2.25), VLO: 52.56 (-1.15), COP: 43.17 (-2.46), XOM: 89.39 (-2.41), HFC: 24.16 (-0.64), CVX: 101.90 (-2.54)
Oil at 11-Month High as EIA Reports Big Inventory Draw
Nilanjan Choudhury - Zacks Investment Research - Thu Jun 09, 5:20PM CDT
Oil soared past $51 as U.S. supplies declined further and disruptions continued in Nigeria.
PSX: 78.62 (-2.25), VLO: 52.56 (-1.15), COP: 43.17 (-2.46), XOM: 89.39 (-2.41), HFC: 24.16 (-0.64), CVX: 101.90 (-2.54)
Oil Rises as Inventory Draw Outweighs OPEC Inaction
Nilanjan Choudhury - Zacks Investment Research - Fri Jun 03, 2:42PM CDT
Oil moved higher after EIA reported a drop in crude, gasoline and distillate stocks.
PSX: 78.62 (-2.25), VLO: 52.56 (-1.15), COP: 43.17 (-2.46), XOM: 89.39 (-2.41), HFC: 24.16 (-0.64), CVX: 101.90 (-2.54)
Surprise Build in Domestic Crude Supplies, Fuel Stocks Drop
Nilanjan Choudhury - Zacks Investment Research - Fri May 20, 11:43AM CDT
EIA data revealed a surprise increase in oil supplies, while gasoline and distillate inventories fell.
PSX: 78.62 (-2.25), VLO: 52.56 (-1.15), COP: 43.17 (-2.46), XOM: 89.39 (-2.41), HFC: 24.16 (-0.64), CVX: 101.90 (-2.54)
Phillips 66 Partners Announces Acquisition of Standish Pipeline and Remaining 75 Percent Interest in Sweeny Fractionator One and Clemens Caverns
BusinessWire - Wed May 04, 3:17PM CDT
--Expected to be immediately accretive to unitholders
PSX: 78.62 (-2.25), PSXP: 53.25 (-1.08)
Oil & Gas Stock Roundup: Halliburton-Baker Hughes Megadeal Falls Apart
Nilanjan Choudhury - Zacks Investment Research - Tue May 03, 2:12PM CDT
Amid stiff resistance from both antitrust agencies, oilfield services providers Halliburton (HAL) and Baker Hughes (BHI) called off their planned merger.
PSX: 78.62 (-2.25), RIG: 11.27 (-0.76), HAL: 43.92 (-1.92), COP: 43.17 (-2.46), XOM: 89.39 (-2.41), CVX: 101.90 (-2.54), BHI: 45.22 (-1.95)
Phillips 66 to Present at Citi Global Energy & Utilities Conference
BusinessWire - Tue May 03, 1:40PM CDT
Phillips 66 (NYSE: PSX) President Tim Taylor will speak to investors and securities analysts at the 2016 Citi Global Energy & Utilities Conference in Boston on Wednesday, May 11, 2016, at 10:15 a.m. EDT. Taylor will discuss execution of the company's strategy, including continued commitment to growth through disciplined and strategic capital allocation.
PSX: 78.62 (-2.25)
Markets Right Now: Stocks end slightly lower on Wall Street
AP - Fri Apr 29, 3:10PM CDT
NEW YORK (AP) — The Latest on global financial markets (all times local):
PSX: 78.62 (-2.25)
Phillips 66 (PSX) Q1 Earnings Miss, Revenues Beat Estimates
Zacks Equity Research - Zacks Investment Research - Fri Apr 29, 10:35AM CDT
Phillips 66 (PSX) posted adjusted first-quarter 2016 earnings of $0.67 per share missing the Zacks Consensus Estimate of $0.86.
SOL: 1.19 (-0.05), PSX: 78.62 (-2.25), BAK: 11.39 (-0.63), FF: 10.43 (-0.44)
Phillips 66 (PSX) Lags Q1 Earnings, Revenues Beat
Zacks Equity Research - Zacks Investment Research - Fri Apr 29, 7:04AM CDT
Phillips 66's earnings per share from continuing operations (excluding special items) came in at $0.67, below the Zacks Consensus Estimate of $0.86.
PSX: 78.62 (-2.25)
Phillips 66 misses 1Q profit forecasts
Automated Insights - Fri Apr 29, 6:21AM CDT
HOUSTON (AP) _ Phillips 66 (PSX) on Friday reported first-quarter profit of $385 million.
PSX: 78.62 (-2.25)
Phillips 66 Reports First-Quarter Earnings of $385 Million or $0.72 Per Share
BusinessWire - Fri Apr 29, 6:00AM CDT
--Highlights
PSX: 78.62 (-2.25)
Stock Market News for April 28, 2016
Zacks Equity Research - Zacks Investment Research - Thu Apr 28, 9:10AM CDT
Benchmarks finished mixed on Wednesday following an oil price rally, Fed’s policy statement and slump in tech stocks.
PSX: 78.62 (-2.25), EA: 73.21 (-2.84), XOM: 89.39 (-2.41), BA: 126.52 (-7.03), SLB: 76.66 (-2.93), PXD: 152.92 (-7.67), EOG: 81.06 (-3.44), GOOGL: 685.20 (-29.67), OXY: 75.27 (-3.04), CVX: 101.90 (-2.54), MSFT: 49.83 (-2.08), TWTR: 16.44 (-0.60), CMCSA: 61.65 (-1.30), AAPL: 93.40 (-2.70)
Peek Into Oil Refining Q1 Earnings This Week: PSX, MPC
Zacks Equity Research - Zacks Investment Research - Wed Apr 27, 8:08AM CDT
The business of the downstream players is negatively correlated with crude prices.
PSX: 78.62 (-2.25), VLO: 52.56 (-1.15), MPC: 35.33 (-1.29), ENLC: 15.40 (-0.78), C: 40.30 (-4.16), BHI: 45.22 (-1.95)
Will Phillips 66 (PSX) Disappoint This Earnings Season?
Zacks Equity Research - Zacks Investment Research - Tue Apr 26, 5:44PM CDT
Phillips 66 (PSX), an energy manufacturing and logistics company is expected to report first-quarter 2016 earnings on Apr 29.
PSX: 78.62 (-2.25), DO: 24.60 (-1.26), ESV: 9.94 (-0.84), CHK: 4.37 (-0.27)
Why You Shouldn't Worry About Delta Air Lines' Refinery Losses
Adam Levine-Weinberg, The Motley Fool - Motley Fool - Tue Apr 26, 7:35AM CDT
Four years ago, Delta Air Lines shocked analysts by buying an oil refinery from what soon became Phillips 66 . In the years since then, Delta's new Monroe Energy subsidiary has delivered mixed results. At times, it has posted strong profits, but...
PSX: 78.62 (-2.25), DAL: 35.18 (-3.13)
Rhode Island pension fund to push for corporate diversity
By MATT O'BRIEN - AP - Wed Apr 20, 2:34PM CDT
PROVIDENCE, R.I. (AP) — Rhode Island's $7.5 billion pension fund will vote "no" any time a company in which it invests nominates a slate of corporate board nominees that would cause fewer than 30 percent of directors to be women or racial minorities, the state's treasurer said Wednesday.
PSX: 78.62 (-2.25), HES: 55.83 (-3.94), HSY: 97.97 (+0.85), COP: 43.17 (-2.46), EMC: 27.29 (-0.57)
U.S. Southwest Region to Wrap Up $13 Billion in Projects in Second Quarter, an Industrial Info News Alert
Marketwired - Tue Apr 19, 5:30AM CDT
Researched by Industrial Info Resources (Sugar Land, Texas) -- The U.S. Southwest market region, which includes the states of Texas, Louisiana, Arkansas and Oklahoma, is on track to complete more than 400 projects with a combined total investment value of $13.09 billion from April through June of this year. Power projects, with more than $3.6 billion in planned completions, lead in terms of value, followed by Terminals and Oil & Gas Production.
PSX: 78.62 (-2.25), MWE: 41.53 (-3.49), SUNE: 0.34 (unch), CVX: 101.90 (-2.54)
U.S. Crude Stocks Up for 7th Week to Another Record
Nilanjan Choudhury - Zacks Investment Research - Fri Apr 01, 2:12PM CDT
U.S. crude inventories rose for a 7th straight week to reach another all-time high.
PSX: 78.62 (-2.25), VLO: 52.56 (-1.15), COP: 43.17 (-2.46), XOM: 89.39 (-2.41), HFC: 24.16 (-0.64), CVX: 101.90 (-2.54)