Phillips 66 (PSX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
With that in mind, let's take a look at three recent dividend hikes from three major companies in their respective fields -- tech-giant Microsoft (NASDAQ: MSFT), midstream/downstream oil and gas company Phillips 66 (NYSE: PSX), and industrial-sector mainstay Honeywell International (NYSE: HON). For income-loving investors, it's crucial to note there's still some time to take advantage of the boost each of these stocks gave their investors. Never shy to spend billions on shareholder-retaining measures, Microsoft announced an 11% dividend raise last month.
California’s biofuel projects are important for the state to achieve its decarbonization goals despite “tremendous pushback” in some instances, a top state environmental regulator said on Tuesday. California’s Low Carbon Fuel Standard program incentivizes energy companies to seek out new feedstocks that would lower the carbon intensity of fuels like diesel, jet fuel and gasoline. Oil refiners Marathon Petroleum and Phillips 66 are converting their Bay Area refineries to run on feedstocks such as vegetable oils and animal fats.