Phillips 66: Attractive As Geopolitical Tensions Surge

2026-02-28 23:29:00 ET

Shares of Phillips 66 ( PSX ) have been a solid performer over the past year, gaining about 20% as the company has benefited from an improvement in the refining environment, even as its chemicals unit struggles with weak pricing dynamics. Beyond this, investments in its refining facilities have helped to reduce operating costs and improve results. I last covered shares in October when I rated the stock a “buy” given its operational improvement, and since then, shares have rallied 12%, justifying that rating. With updated financials and new geopolitical pressures, now is a good time to revisit shares....

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