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.

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.

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.

Insights from Paul Singer (Trades, Portfolio)'s Latest 13F Filing Paul Singer (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2

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.

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

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

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.

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

Oppenheimer Asset Management Inc. boosted its stake in Phillips 66 (NYSE: PSX) by 3.6% during the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97,472 shares of the oil and gas company's stock after acquiring an additional 3,426 shares during