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Phillips 66 (PSX)

NYSE - NYSE Delayed Price. Currency in USD
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80.72+0.09 (+0.11%)
At close: 04:00PM EDT
80.75 +0.03 (+0.04%)
After hours: 07:21PM EDT

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  • F
    Fritz1967
    $VLO conversation
    Nice to see today’s action but crazy that the stocks of refiners are falling while crack spreads are increasing.

    Lots of refiners are in maintenance as well as unplanned downtime with fires, mechanical breakdowns, etc.

    #mpc, #psx, #dino, #dk
  • A
    Albert
    See $100+ in Winter.
  • D
    Dennis
    $VLO conversation
    Markets are behaving as if an impending recession will result in very few people driving ICE vehicles for the near future. I doubt that this will prove true, given rising employment and increasing office attendance. I also don’t believe that the Fed will drive the US economy into a hard recession – they’ve already accomplished much of their goal with talk.
    I will also note that, based on a WTI price of $78.74, a gasoline price of $2.40 per gallon and a diesel fuel price of $3.24 per gallon, a refiners crack spread (3-2-1) is still $33.82 per barrel.
    #MPC #PSX
  • j
    joediddlybobarino
    Does anyone else find it strange when the stock moves either way this forum suddenly fills with PSX employees /die hards who seem to know everything there is to know about investing. It appears we have one now in case anyone might have missed it. I guess the Day job is just for the health insurance.
  • K
    K
    Play BIG, or don't play at all! Lovin' PSX comeback! BEAUTIFUL! Go team, GO!!
  • O
    Oshin
    Oil prices dropped below $80 and yet the gas prices at the pump where I am jumped from $5.49 to $6. Can some one explain what is going on? This must be great news for refiners.
  • F
    Fritz1967
    $MPC conversation
    * HF Sinclair Corp : JP Morgan raises target price to $59 from $54
    * Marathon Petroleum Corp : JP Morgan raises target price to $136 from $110
    * Valero Energy Corp : JP Morgan raises target price to $151 from $148
    * PBF Energy Inc : JP Morgan raises to overweight from neutral

    #vlo, #psx, #dino, #pbf
  • F
    Fritz1967
    $VLO conversation
    One positive of refiner stock prices being down and undervalued to what they are worth (extremely undervalued in my opinion) ..... the refining companies are buying back shares with some of all that excess cash they are generating and us shareholders are getting a better value of the stock they buy back at these lower prices and perhaps they are buying back more shares since the shares don't cost as much!

    #mpc, #psx, #dino, #dk
  • L
    Lu
    Hey, is there anything bidenomics improved for anyone who ISN'T rich?
  • K
    Kevin.Question.Mark
    wait - what happened to $100+???
  • F
    Fritz1967
    $VLO conversation
    Looking for input. Does anyone believe the EIA gasoline and distillate fuel supply numbers which they use as a proxy for demand for gasoline and diesel demand in the US which they are saying that over the last 4 week average that gasoline demand in the US is down 8% and distillate demand is down 9% from the same time a year ago? It's hard for me to believe these large numbers. Especially against 2021 when Covid was more of an issue.

    #mpc, #psx, #dino, #dk
  • D
    Dennis
    $VLO conversation
    Interesting -- Oil refiners Valero Energy Corp and Marathon Petroleum Corp are the biggest beneficiaries of the U.S. government's oil reserve releases, taking nearly half the crude offered, #MPC #PSX
    https://www.reuters.com/markets/commodities/valero-marathon-top-beneficiaries-us-emergency-oil-releases-2022-09-21/
  • S
    STEPHEN
    Does PSX earnings hold up with oil declining? How does it impact margins?
  • J
    JimA
    I have been a long time holder of PSX and PSXP but I cannot understand why of all my oil holdings this is consistently the weak sister. Is it management issues that I do not understand? Hopefully some of the more experienced posters will respond.
  • E
    Ed
    BOUGHT PSX=LOTS=EXCELLENT PRICE...
  • E
    Ed
    GASOLINE/DIESEL=$$$$
  • K
    K
    God, what a FANTASTIC day! Friday, 9/23/2022!!!!!!

    LOVE my PSX!!!!!!
  • K
    K
    THIS is GREAT! Can't wait to see Closing price! (WED 9.28.2022)
  • D
    Dennis
    $VLO conversation
    Signs of strength in the US economy – like yesterday's ISM report showing unexpected growth in US services – increases fears of future Fed rate hikes, leading to US recession, and thus lowering demand for fuel.
    Signs of weakness in China – trade surplus shrinking as overseas demand flattens and a new wave of Covid-19 restrictions at home disrupted production and logistics -- grows fears of global recession and reduced demand for energy.

    The reduction in both crude oil prices and fuel prices may improve or worsen crack spreads for refiners. I don’t know. Either way, the perceived reduction in energy demand is driving down current energy markets.

    With Europe facing both recession and a possible energy shortage in winter, it's difficult to predict the continent's impact on various energy alternatives … and Russia/ Ukraine war is always a wild card.

    In the US, much of our interest rate and recession fears are data dependent.
    US Initial jobless claims will be reported tomorrow, Sept 8, but key numbers will be next week. CPI data is on Tue 9/13; PPI data is on Wed 9/14. I expect positive news on inflation but I think the 75 basis point increase is still likely at the next FOMC meeting (9/20 – 9/21). It's what the market expects afterwards that counts. Good luck.

    #MPC #PSX
  • j
    joediddlybobarino
    No Pain No Gain....Just keep the Divvy's coming in the meantime