Last $86.61 USD
Change Today +0.17 / 0.20%
Volume 1.2M
PSX On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 8:04 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

phillips 66 (PSX) Snapshot

Open
$86.03
Previous Close
$86.44
Day High
$86.92
Day Low
$85.82
52 Week High
08/25/14 - $87.10
52 Week Low
09/17/13 - $55.81
Market Cap
48.4B
Average Volume 10 Days
2.3M
EPS TTM
$5.48
Shares Outstanding
558.9M
EX-Date
08/13/14
P/E TM
15.8x
Dividend
$2.00
Dividend Yield
2.06%
Current Stock Chart for PHILLIPS 66 (PSX)

phillips 66 (PSX) Details

Phillips 66 operates as an energy manufacturing and logistics company. It operates in four segments: Midstream, Chemicals, Refining, Marketing and Specialties. The Midstream segment transports crude oil and other feedstocks to its refineries and other locations, as well as delivers refined and specialty products. This segment also gathers, processes, transports, and markets natural gas; and transports, fractionates, and markets natural gas liquids in the United States. The Chemicals segment produces and markets ethylene, propylene, and other olefin products. This segment also manufactures and markets aromatics products, such as benzene, styrene, paraxylene, and cyclohexane, as well as polystyrene and styrene-butadiene copolymers. Additionally, it manufactures and markets various specialty chemical products, including organosulfur chemicals, solvents, catalysts, drilling chemicals, mining chemicals, and high-performance engineering plastics and compounds. The Chemicals segment operates worldwide. The Refining segment buys, sells, and refines crude oil and other feedstocks into petroleum products, such as gasolines, distillates, and aviation fuels in the United States, Europe, and Asia. The Marketing and Specialties segment purchases for resale and markets refined petroleum products comprising gasolines, distillates, and aviation fuels in the United States and Europe. This segment manufactures and sells specialty products, such as petroleum coke, waxes, solvents, and polypropylene. Phillips 66 was founded in 1875 and is headquartered in Houston, Texas.

13,500 Employees
Last Reported Date: 02/21/14
Founded in 1875

phillips 66 (PSX) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $1.4M
President
Total Annual Compensation: $717.3K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $633.5K
Executive Vice President of Refining
Total Annual Compensation: $626.8K
Executive Vice President of Legal, General Co...
Total Annual Compensation: $501.1K
Compensation as of Fiscal Year 2013.

phillips 66 (PSX) Key Developments

Phillips 66 Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Effective Tax Rate Guidance for the Third Quarter of 2014

Phillips 66 reported consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported earnings of $863 million or $1.51 per share, compared with earnings of $958 million or $1.53 per share in the second quarter of 2012. Adjusted earnings were $863 million or $1.51 per share, compared with $921 million or $1.47 per share in the same period last year. During the quarter, Phillips 66 generated $830 million of cash from operations. The company funded $561 million in capital expenditures and investments. Cash from operations excluding working capital for the quarter was $937 million. For the six months, the company reported earnings of $2,435 million or $4.19 per share, compared with earnings of $2,365 million or $3.76 per share in the second quarter of 2012. Adjusted earnings were $1,729 million or $2.98 per share, compared with $2,314 million or $3.68 per share in the same period last year. For the third quarter of 2014, the company expects its overall effective income tax rate to be in the mid-30s.

Phillips 66 Mulls Acquisitions

Phillips 66 (NYSE:PSX) is seeking acquisitions. The comapny said in its second quarter earnings report, "In July, we increased our 2014 capital budget to fund acquisitions in our Midstream and Specialties businesses, and to support organic growth projects."

Phillips 66 Provides Capital Spending Guidance for the Year 2014

Phillips 66 provided capital spending guidance for the year 2014. For the year, the board of directors of the company has approved an increase in 2014 capital spending to support the company's growth strategy and authorized returning additional capital to shareholders. The board authorized $3.9 billion of capital expenditures this year, an increase of $1.2 billion to the previously approved budget. The increased capital program is designed to accelerate the development of the Sweeny Fractionator One and Freeport Liquid Petroleum Gas Export Terminal, as well as fund the recently announced acquisitions of the Beaumont Terminal in Texas and Spectrum Corporation.

 

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Industry Analysis

PSX

Industry Average

Valuation PSX Industry Range
Price/Earnings 16.9x
Price/Sales 0.3x
Price/Book 2.2x
Price/Cash Flow 10.2x
TEV/Sales 0.2x
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