Phillips 66 (PSX) closed the most recent trading day at $80.63, moving -0.95% from the previous trading session.
Oil prices bounced higher on Wednesday. Notable names on the upswing today were Chevron (NYSE: CVX), Devon Energy (NYSE: DVN), Phillips 66 (NYSE: PSX), and Energy Transfer (NYSE: ET). Here's a look at what's fueling the oil market's rebound and how it impacts these companies.
Phillips 66 (PSX) is focusing more on businesses like midstream, renewables and chemicals. This is making Phillips 66's business model more stable.