|Bid||0.00 x 1000|
|Ask||0.00 x 800|
|Day's range||82.27 - 87.30|
|52-week range||80.24 - 119.92|
|Beta (5Y monthly)||1.09|
|PE ratio (TTM)||12.23|
|Earnings date||28 Apr 2020|
|Forward dividend & yield||3.60 (4.16%)|
|Ex-dividend date||13 Feb 2020|
|1y target est||121.82|
Phillips 66 Partners has reached agreement with Phillips 66 to acquire its 50% interest in the Liberty Pipeline project for approximately $75 million.
The United States on Tuesday redoubled efforts to oust Venezuelan President Nicolas Maduro by barring U.S. dealings with Rosneft Trading S.A., a subsidiary of Russia's state oil major Rosneft , which Washington said provides him a financial lifeline. The ban will likely hit some U.S. direct purchases of Urals, typically a medium sour blend, from Rosneft Trading and could make it more difficult for refiners in Asia and Europe to buy from the firm.
Phillips 66 executives will host a conference call webcast at noon EDT on Wed., April 29, to discuss the company’s Q1 2020 financial results.
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(Bloomberg) -- Oil declined for the fifth straight week as the spreading coronavirus clouded the demand outlook and OPEC awaited Russia’s decision on whether to cut production.Futures in New York fell 2.4% for the week, posting the longest weekly losing streak since 2018. Chinese refiners are processing 15% less crude than before the outbreak as the infection crimps demand. Meanwhile, Russia hesitated to accept a proposal by OPEC+ to cut output by 600,000 barrels a day. Russian Energy Minister Alexander Novak promised an answer to the proposal in “days.”“It’s wait and see right now,” said Rob Haworth, who helps oversee about $150 billion at U.S. Bank Wealth Management in Seattle. “Investors have tried to reprice for what they think demand shortfall could be due to the coronavirus and the quarantines, but all those are really guesses for everyone at the moment.”In the U.S., gasoline futures rose to the highest in more than a week after Phillips 66 shut the sole fuel-making unit at its Bayway refinery in New Jersey, the largest on the East Coast. Futures rose 1.7% to settle at $1.5239 per gallon.Majors including Total SA and BP Plc projected a significant hit to global oil demand this year due to the virus, compounding fears of a supply glut plunging the market’s structure into a bearish contango.Both state-owned and private refineries in China have scaled back processing by at least 2 million barrels a day over the past week, said people with knowledge of operations at the nation’s largest complexes. So-called throughput could fall further as demand for aviation and transportation fuels continues to shrink as entire cities remain locked down and travel is restricted, the people said.See also: $60 Oil Is A ‘Wonderland’, Could Fall to $47: Citi’s MorseWest Texas Intermediate for March delivery fell 63 cents to settle at $50.32 a barrel on the New York Mercantile Exchange.Brent for April delivery lost 46 cents to settle at $54.47 a barrel on the London-based ICE Futures Europe exchange putting the premium over WTI at $3.92.China’s January trade data was scheduled to be released Friday, but will instead be announced together with February’s numbers, according to the customs administration.\--With assistance from Alex Longley and James Thornhill.To contact the reporter on this story: Jackie Davalos in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: David Marino at email@example.com, Catherine Traywick, Jessica SummersFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, Royal Dutch, Phillips 66 and Marathon Petroleum
ExxonMobil (XOM), Shell (RDS.A) and Chevron (CVX) reported significant earnings decline compared to the same period a year earlier.
In Q4, Phillips 66 (PSX) generates $1.7 billion of cash from operations and returns capital worth $810 million to its stockholders through dividend payouts and share repurchases.
Phillips 66 Reports Fourth-Quarter Earnings of $736 Million or $1.64 Per Share.
Phillips 66's (PSX) fourth-quarter 2019 earnings are expected to have been hurt by lower refining income, partially offset by higher midstream and chemical profits.
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.
Phillips 66 and Renewable Energy Group are discontinuing their joint effort on renewable diesel plant in Ferndale, Washington.
Shell (RDS.A) is developing a robust pipeline of discoveries via its exploration spree to back its Western Australian assets wherein LNG is of prime focus.
We have five best dividend stocks for 2020 whose large customer base, sustainable business model, profitability record and solid liquidity help offer sizable yields, regardless of market condition.