Market News for Phillips 66 (PSX)
Phillips 66 said on Monday that its first-quarter results were hit by nearly $900 million in pre-tax mark-to-market losses, as a sharp rise in commodity prices weighed on the refiner....
Reuters - 4/6/2026 4:47:24 PM
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Phillips 66 (PSX) is upgraded to Strong Buy, benefiting from surging diesel and chemical margins due to the war-on-Iran and Strait of Hormuz closure. PSX's heavy crude refining capacity and recent WRB Refining acquisition position it to capitalize on high diesel prices and discounted Canadian heavy feedstock. Asian chemical supply disruptions are boosting CPChem's U.S. operations, with polypropylene prices up 35% since March, supporting PSX's chemicals recovery....
Seeking Alpha - 4/6/2026 12:01:55 PM
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