|Bid||84.20 x 1000|
|Ask||84.50 x 800|
|Day's Range||83.91 - 86.60|
|52 Week Range||63.19 - 111.28|
|Beta (5Y Monthly)||1.38|
|PE Ratio (TTM)||14.67|
|Earnings Date||Jul 29, 2022|
|Forward Dividend & Yield||3.88 (4.04%)|
|Ex-Dividend Date||May 20, 2022|
|1y Target Est||116.86|
Phillips 66 (PSX) closed the most recent trading day at $84.20, moving -0.23% from the previous trading session.
California regulators allege that U.S. refiner Phillips 66 improperly began processing renewable diesel in a unit at its Rodeo, California refinery, the company confirmed to Reuters. Phillips 66 started to process small volumes of soybean oil at the Rodeo refinery in the first quarter of 2021, the company said last year, part of a plan to become the largest producer of renewable fuels from animal fats and soybean oil in the United States. The Bay Area Air Quality Management District (BAAQMD) issued a notice of violation in early June, saying the refiner began making renewable diesel without modifying the existing air permit that allows the same type of processing with petroleum feedstocks.
For the second day in a row, oil prices are tumbling Thursday -- and they're taking down shares of companies all across the energy industry along with them. As of 1:30 p.m. ET, oil-field services company Core Laboratories (NYSE: CLB) is down 5.2%, oil major Chevron (NYSE: CVX) is losing 4.8%, and further down the supply chain, refiner Phillips 66 (NYSE: PSX) is suffering worst of all with a 7.5% loss. Retail sales at gas stations were down 8.2% year over year in the first week of June, and that was "the 14th consecutive week that sales have lagged behind 2021 levels," the Journal reported.