Reasons Why PSX's Midstream Portfolio Offsets Elevated Crude Prices

Phillips 66 stands to gain as the EIA predicts falling crude prices through 2027, while its expanding midstream arm generates steady, fee-based cash flows.

Zacks Investment Research • Feb 19, 2026

Exclusive: US refiners Phillips 66, Citgo seek to buy crude directly from Venezuela, sources say

U.S. refiners Phillips 66 and Citgo Petroleum are seeking to buy heavy crude directly from Venezuelan state oil company PDVSA starting in April to maximize profits, rather than purchasing through trading houses and U.S. oil major Chevron , according to sources familiar with the efforts.

Reuters • Feb 18, 2026

Marathon Petroleum vs Phillips 66: Which Refining Giant Wins as Energy Sector Dominates 2026?

Marathon Petroleum (NYSE: MPC) and Phillips 66 (NYSE: PSX) just reported fourth-quarter earnings that underscore why refiners are riding the energy sector's extraordinary run.

24/7 Wall Street • Feb 18, 2026

Phillips 66 Stock: Buy at a Premium or Wait for a Better Entry Point?

Phillips 66 PSX is trading at a trailing 12-month EV/EBITDA multiple of 13.25x, which is higher than the broader industry average of 5.13x. Valero Energy Corporation VLO and Par Pacific Holdings, Inc. PARR, two other refiners, are valued at 7.87x and 5.06x, respectively.

Zacks Investment Research • Feb 16, 2026

Oil Refiner Stocks Are Having a Banner 2026. Should You Invest $1,000?

A glut of oil has sent the price of unrefined crude lower. Increased manufacturing and air travel are driving demand for refined fuels higher.

The Motley Fool • Feb 15, 2026

Is Phillips 66's Refining Segment Poised for Continued Strength?

PSX could ride softer WTI prices as rising global inventories pressure crude, potentially boosting refining margins in 2026.

Zacks Investment Research • Feb 13, 2026

Phillips 66 Announces Increase in Quarterly Dividend

HOUSTON--(BUSINESS WIRE)--The board of directors of Phillips 66 has declared a quarterly dividend of $1.27 per share on Phillips 66 common stock, representing a $0.07 increase.

Business Wire • Feb 11, 2026

3 Refining & Marketing Stocks Investors Should Track Closely

PSX, MPC and VLO stand out in the Oil and Gas - Refining & Marketing industry as volatility persists, valuations stay low, and opportunities remain.

Zacks Investment Research • Feb 10, 2026

Phillips 66 to cut jobs as Los Angeles refinery shuts, Bloomberg News reports

Phillips 66 will lay off around half of its employees at its sole remaining oil refinery in California after shuttering operations, Bloomberg News reported on Thursday, citing a filing with California's employment regulator.

Reuters • Feb 5, 2026

Refiner Phillips 66 beats quarterly profit estimates as margins rebound

Refiner Phillips 66 beat Wall Street estimates for fourth-quarter profit on Wednesday, as a rebound in U.S. refining margins lifted earnings after a prolonged slump in 2024.

Reuters • Feb 4, 2026