Phillips 66 PSX

Phillips 66 (NYSE: PSX) union workers at the Bayway Refinery have voted to authorize a strike as contract talks stall. The authorization follows unresolved negotiations over wages, benefits, safety standards, training, and job protection policies at the New Jersey facility. The current collective bargaining agreement is nearing expiration, and no replacement deal has been reached between union leaders and Phillips 66. The Bayway strike authorization is important, but investors also need to...

Oil is moving freely again through the Strait of Hormuz, but refined fuel is still locked up, and that mismatch is reshaping who feels the pain and who holds the pricing power. Investors watching diesel hit new records in the U.S. are really watching a story about margins, policy risk and supply chains. This article examines those cross currents and discusses three large integrated oil and gas stocks exposed to this news backdrop. The stocks below are just a starting sample, and the full...

Members of Teamsters Local 877 at Phillips 66 Bayway Refinery have voted by an overwhelming 92 percent margin to authorize a strike. The 385 process and mechanical workers work at the largest oil refinery on the East Coast.

A number of stocks jumped in the pre-market session after crude oil prices jumped following President Donald Trump’s rejection of an Iranian proposal to reopen the Strait of Hormuz.

Supreme Court Justice Samuel Alito has recused himself from Suncor v. Boulder, the landmark climate deception case that will open the Supreme Court's new term exactly one week from today, on Oct. 5, following Consumer Watchdog's call for him to step aside over his investments in oil companies facing climate lawsuits that could be affected by the case.

CVR Energy, Solaris Lead Powerful Energy Stock Rally as September Ends

In response to a question from a Fox News reporter on Sunday about a diesel ban, Trump said, “Well, we're thinking about it very seriously.”

Phillips 66 has delivered a very strong run over the past few years, which naturally pushes investors to ask whether the current share price still lines up with the cash the business can generate. With the stock now trading at US$255.87, the key issue is how much of that past strength is genuinely supported by the company’s underlying cash flows. Over the past 5 years the stock has returned 338.1%, which puts a lot of weight on whether the underlying cash generation can support such a step...