How a Hurricane Could Help Some Refineries—and Hurt Others Hurricane Isaias showed how Gulf Coast storms affect energy stocks differently, with Chevron, Phillips 66, and the VanEck Oil Refiners ETF reacting based on asset location and diversification.
3 Energy ETFs Built for Oil’s New $100-Plus Reality Oil supply disruptions from the Iran conflict have driven crude prices above $100, fueling gains of 45% to 69% YTD in energy ETFs XOP, IEO, and CRAK.
Valero Profit Surges Thanks To Strong Refining Performance Valero stock climbs after Q3 EPS and revenue top estimates; refining income jumps to $1.6B as throughput hits record highs.
Diesel Squeeze Puts Oil ETFs Back In Focus—But Will The Rally Run Dry? European sanctions are tightening the noose around Russian refined fuels and global diesel stocks appear to grow ever more threadbare.
Phillips 66 Partially Exits European Retail Market With $2.8 Billion Deal: Phillips 66 reached a definitive deal to sell a 65% stake in its retail marketing business in Germany and Austria.
Marathon Petroleum Refining Margins Fall Drags Q1 Profit Marathon Petroleum Corp. (
NYSE:MPC ) reports higher Q1 results with revenue of $31.85B, adjusted EBITDA of $2B, and EPS loss of $(0.24) compared to $(2.58) last year. Refining segment impacted by lower market crack spreads, but Midstream business continues to grow. Company also declares quarterly dividend.
Refining Woes Weigh On Phillips 66 Despite Midstream And Chemicals Gains Phillips 66 (
NYSE: PSX ) reported Q1 FY25 results, with revenue of $31.73B beating estimates. Segments showed mixed performance and EPS missed consensus.
Valero Posts Higher-Than-Expected Profit Despite Sharp Refining Margin Decline Valero Energy Corporation (VLO) reported Q1 sales of $30.26B, beating estimates. Refining and Ethanol segments saw declines, while EPS beat consensus.
Marathon Petroleum Tops Q4 Estimates Despite Lower Refining Margins Marathon Petroleum reported Q4 results with higher revenues, adjusted EBITDA, and EPS exceeding consensus. It also announced dividends and share buybacks for shareholders.
Phillips 66 Stock Under Pressure As Refining Losses Offset Midstream Gains Phillips 66 reported a decline in Chemicals segment income and improved loss in Refining segment, with plans to return cash to shareholders and reduce debt.
Phillips 66 Powers Up With $2.2 Billion Deal For EPIC Y-Grade's NGL Business Phillips 66 to acquire EPIC NGL business for $2.2 billion in cash. Assets include fractionators, pipelines, and plans for expansion, increasing earnings per share.
Marathon's Q3 Performance Surges Above Forecasts, But Analyst Flags Caution On Mid-Con Outlook For Q4 Marathon Petroleum shares up on Q3 earnings beat, expects strong refining operations. Scotiabank analyst expects near-term price impact.
Marathon Petroleum Q3 Earnings: Outpaces Expectations, Powers Up Shareholder Rewards & More Marathon Petroleum shares rise after surpassing Q3 expectations and returning $3 billion to shareholders in third quarter FY24.
Oil Prices Spike By Over 3% As OPEC+ Delays Production Increases Ahead Of US Elections: 5 Energy ETFs To Watch Monday The Biden-Harris administration has imposed extensive sanctions on Russia; a second Trump administration would likely nix those sanctions.
Phillips 66 Posts Strong Q3 Results With Marketing, Chemicals Driving Gains Phillips 66 (PSX) shares rise after reporting Q3 results, with midstream and chemicals segments performing well. Adjusted EPS beats consensus.
Valero Energy Delivers Solid Q3: Ethanol, Renewable Diesel Volumes Rise Valero Energy Corporation (
NYSE: VLO ) reported Q3 FY24 revenues of $32.876B, beating consensus. Adj. EPS exceeded consensus. Refining segment income down.
What's Going On With Phillips 66 Stock Today? On October 16, 2024, a jury awarded Propel Fuels Inc. $604.9 million in damages in a trade secret misappropriation lawsuit against Phillips 66 Company, which denies wrongdoing and plans to appeal.
Why Oil & Gas Company Phillips 66 Shares Are Falling On Tuesday? Phillips 66 (PSX) sells 49% stake in Swiss joint venture for $1.24 billion, to support strategic priorities and shareholder returns.
Union Strike Hits Marathon Petroleum's Detroit Refinery Marathon Petroleum shares down on strike at Detroit refinery. Strike for better pay and safety; the company expects no impact on operations.
Marathon Petroleum's Profitability Resurgent: Blows Past Q2 Revenue And EPS Estimates Marathon Petroleum reported Q2 FY24 results, beating revenue estimates. Adjusted EBITDA was $3.39B, and adjusted EPS was $4.12. MPC returned $3.2B to shareholders.
Refining Margin Squeeze Hits HF Sinclair's Q2 Bottom Line: Details HF Sinclair reported Q2 FY24 results with revenues of $7.845B, beating consensus. Adjusted EBITDA fell 53% YoY. Dividend of $0.50 declared.
Why Is Phillips 66 Stock Gaining Today? Phillips 66 reported stronger Q2 results with revenue of $38.911B, exceeding consensus. Adjusted EPS of $2.31 topped consensus of $1.98.
3 High-Yield Dividend Stocks/ETFs to Buy Hand Over Fist in July Investing in equal parts of these three investments would produce a forward-dividend yield over 3.9%.
Oil Short Working On Structural Demand Weakness A discussion about the current trends in oil and gasoline markets, highlighting structural demand challenges and the bearish sentiment among traders.
