Phillips 66

Phillips 66 reported $9.41 adjusted EPS on $52.04 billion revenue as worldwide refining margins jumped to $24.08 per barrel, driven by diesel cracks roughly five times their normal range. The company’s Central Corridor and West Coast captures were near $29.6/bbl, with peers Marathon Petroleum and Valero showing even larger diesel margins. Seven U.S. refinery closures since 2019 create a structural floor, but a return of Russian and Middle Eastern supply or higher WTI crude would likely compress the current spike in margins. » More on finance.yahoo.com

Phillips 66 reports an earnings increase of 295.38% year-on-year, driven by historically strong refinery margins and significantly higher gasoline and diesel prices. Trading volume in the stock is rising rapidly, while the company boosts its share buyback program by $10 billion and debt falls markedly. These factors support medium- to long-term price momentum. » More on finanzen.net

Shares of Phillips 66 climbed to a record high of $260.68, up 102% year-to-date and 96.52% over one year. InvestingPro still rates the stock as undervalued; Phillips 66 has raised its dividend for 14 consecutive years and posts a Piotroski Score of 9. For Q2/2026 the company reported adjusted earnings of $9.41 per share (expected $7.02) on revenue of $42.1 billion (expected $43.41 billion). UBS raised its price target to $300 (buy), while Piper Sandler slightly increased its target and cited accelerated debt reduction; Phillips 66 is targeting gross debt of $17 billion by the end of 2026. The share price rise is also supported by higher oil prices amid tensions in the Middle East. » More on de.investing.com