Phillips 66: Investing In Growth Projects To Fuel Its Top And Bottom Lines
- Phillips 66 is investing heavily in growth opportunities presented by growth in US fuel production. The US fuel production is expected to grow in the coming years.
- All of Phillips 66’s segments have produced healthy return on capital employed.
- The Chemicals and Midstream segments present potential for growth and Phillips 66 is investing heavily in these segments.
- Phillips 66 beat the indices and produced 48% in one year. It rewards its shareholders with growing dividends and share repurchases.