Phillips 66 owns a diverse portfolio of refining, midstream, chemicals, marketing and specialties businesses, which reduces the company’s exposure to oil price cycles.
Phillips 66 is working on several midstream projects which will drive its earnings growth in the coming quarters while its chemical business can fuel long-term growth.
PSX generates tons of free cash flows and then returns the excess cash to shareholders as dividends and buybacks.
The persistent weakness and volatility in the oil market have hurt numerous energy stocks, except Phillips 66 (PSX). The Houston, Texas-based company benefits from having a diverse asset base of refining, midstream, and