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Is Phillips 66 Stock a Buy?

Is Phillips 66 Stock a Buy?

Leading downstream oil giant Phillips 66 (NYSE: PSX) had its worst year ever. Given this terrible performance, investors may be scratching their heads as to why shares of Phillips 66 are up around 20% so far this year. Let's dive into Phillips 66's refining business to determine what went wrong in 2020 and what could go right in 2021.