Phillips 66
Phillips 66 (PSX) is an integrated energy company operating across refining, midstream and petrochemical businesses. With a market capitalisation of about $51.97B, it runs refineries, fuel marketing, pipelines and a stake in chemical production via joint ventures. Investors should know the business is cyclical and sensitive to crude oil prices, refining margins and seasonal demand. The company historically returned cash to shareholders through dividends and buybacks, which can appeal to income-oriented investors, but these distributions depend on earnings and capital allocation choices. Key strengths include a diversified asset footprint and exposure to both fuels and chemicals; key risks include commodity-price volatility, regulatory and environmental shifts, and demand changes from energy transition trends. This summary is for educational purposes only and is not personal financial advice — suitability depends on an investor’s goals, time horizon and risk tolerance, and returns are not guaranteed.
Why It's Moving
Phillips 66 Fuels Momentum with 2026 Capital Plans and Analyst Upgrades
- Announced $2.4B 2026 capital budget, with $1.1B for sustaining operations and the rest fueling expansions like the Western Gateway Pipeline with Kinder Morgan.
- Goldman Sachs hiked price target to $164 from $152, while Wolfe Research lifted theirs to $160, backing an 'outperform' outlook on strong refining margins.
- Recent insider sales noted, but broader sector gains and a consensus 'Moderate Buy' rating underscore PSX's appeal in volatile energy markets.
Phillips 66 Fuels Momentum with 2026 Capital Plans and Analyst Upgrades
- Announced $2.4B 2026 capital budget, with $1.1B for sustaining operations and the rest fueling expansions like the Western Gateway Pipeline with Kinder Morgan.
- Goldman Sachs hiked price target to $164 from $152, while Wolfe Research lifted theirs to $160, backing an 'outperform' outlook on strong refining margins.
- Recent insider sales noted, but broader sector gains and a consensus 'Moderate Buy' rating underscore PSX's appeal in volatile energy markets.
When is the next earnings date for Phillips 66 (PSX)?
Phillips 66 (PSX) is scheduled to report its next earnings on Wednesday, February 4, 2026, before market open. This release will cover the fourth quarter and full-year 2025 results, with a conference call to follow. The date aligns with the company's historical reporting pattern and investor relations announcements.
Stock Performance Snapshot
Analyst Rating
Analysts recommend buying Phillips 66's stock, indicating positive expectations for its future growth.
Financial Health
Phillips 66 shows strong revenue and cash flow, but its profit margin is relatively low.
Dividend
Phillips 66's dividend yield of 3.36% provides a reliable income stream for investors. If you invested $1000 you would be paid $33.60 a year in dividends (based on the last 12 months).
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Explore BasketWhy You’ll Want to Watch This Stock
Refining margin driver
Refining margins and utilisation largely determine earnings, so investors watch crack spreads and maintenance schedules closely — though margins can swing widely.
Energy transition impact
Shifts to lower-carbon fuels and regulation influence long-term demand and capital spending, presenting both strategic opportunities and transitional risks.
Income and returns
Phillips 66 has returned cash via dividends and buybacks, which may attract income-focused investors, but payouts depend on future cash flow and company decisions.
Compare Phillips 66 with other stocks
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