About Phillips 66 (PSX)

Summary. Phillips 66 (PSX) is an American multinational energy company headquartered in Houston, Texas. With a history dating back over 140 years, Phillips 66 has grown to become one of the largest independent refiners in the United States. The company operates in three segments: Refining, Marketing & Specialties, and Midstream. Through its Refining segment, Phillips 66 processes crude oil and other feedstocks into various refined products, including gasoline, diesel, and aviation fuels. The Marketing & Specialties segment is responsible for the sales and marketing of these products, while the Midstream segment handles the transportation and storage of crude oil and natural gas liquids.

The stock price history of Phillips 66 (PSX) has shown strong performance over the years. As of January 2022, the stock is trading at around $105 per share. Over the past five years, the stock has seen a steady increase in value, with a compound annual growth rate of approximately 10%. This growth can largely be attributed to the company's solid financial performance and its ability to adapt to changing market conditions. Additionally, Phillips 66 has a strong track record of returning value to shareholders through dividends and share repurchases.