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Phillips 66 (PSX) Stock Sees Modest Fair Value Lift As Analysts Rework Targets
Simply Wall St.91d agoneutral
Phillips 66 (PSX) Stock Sees Modest Fair Value Lift As Analysts Rework Targets

The fair value estimate for Phillips 66 has been adjusted from US$190.84 to US$194.11 per share, giving investors fresh context for where analysts currently anchor their price targets. Behind this, recent research focuses on refining margins, tight product inventories, and progress on refining and midstream plans, which analysts link to updated valuation work and earnings expectations. As you read on, you will see how these shifting inputs shape the evolving narrative around Phillips 66 and...

StockStory92d agoneutral
SLB (SLB) Stock Trades Down, Here Is Why

Shares of oilfield services provider SLB (NYSE:SLB) fell 3% in the afternoon session after crude oil dropped to its lowest level since the start of the Iran war, as tankers resumed transit through the Strait of Hormuz and the U.S. and Iran signaled progress toward ending the conflict.

StockStory92d agoneutral
Why Baker Hughes (BKR) Stock Is Down Today

Shares of energy technology company Baker Hughes (NASDAQ:BKR) fell 4.5% in the afternoon session after crude oil dropped to its lowest level since the start of the Iran war, as tankers resumed transit through the Strait of Hormuz and the U.S. and Iran signaled progress toward ending the conflict.

StockStory92d agoneutral
Why Halliburton (HAL) Shares Are Sliding Today

Shares of oilfield services company Halliburton (NYSE:HAL) fell 3.4% in the afternoon session after crude oil dropped to its lowest level since the start of the Iran war, as tankers resumed transit through the Strait of Hormuz and the U.S. and Iran signaled progress toward ending the conflict.

Phillips 66 (PSX) Partners With Kanin Energy On 7 Megawatt Power Project
Simply Wall St.92d agoneutral
Phillips 66 (PSX) Partners With Kanin Energy On 7 Megawatt Power Project

Phillips 66 (NYSE:PSX) is partnering with Kanin Energy on a 7-megawatt waste heat to power project at its Mewbourn natural gas processing complex. The project will use waste heat from existing operations to generate electricity, targeting lower greenhouse gas emissions and improved energy efficiency. Kanin Energy is providing a turnkey solution that does not require upfront capital expenditure from Phillips 66. Phillips 66 operates across refining, midstream, chemicals, and marketing. The...