PSX
Phillips 66
September 15, 2026 · market open
- Rarity
- 1.01
- Peak move
- +3.66%
- Float cap
- $103.0B
Phillips 66 is an energy manufacturing and logistics company with operations in midstream, chemicals, refining, marketing and specialties, and renewable fuels. It transports and stores crude oil, refined products, natural gas and NGLs; manufactures petrochemicals and plastics through CPChem; refines crude oil into gasoline, distillates and aviation fuels; and markets refined products, lubricants and renewable fuels, primarily in the United States and Europe.
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What we found
14 events · 1 from SEC or newswire · 0 timed with the move- Key event
geopoliticalSaudi Arabia's East-West pipeline remained shut after Sept. 10 drone attacks, cutting the 7 million bpd Hormuz bypass, while Houthi forces seized Red Sea coastal districts and islands near the Bab el-Mandeb strait.
operating_metricsU.S. refinery utilization held above 95% and reached 97.6-97.8% in early September 2026, with Midwest and Rocky Mountain regions above 100% of operable capacity, among the highest sustained rates in a quarter-century.
commodity_eventVLCC benchmark earnings on the Gulf-to-Asia route reached record $800,000 per day in September, more than ten times pre-crisis levels, as war-risk premiums and rerouted trade lifted crude shipping costs.
commodity_eventUS Gulf Coast refining crack spreads reached about $70 a barrel and diesel spreads topped $100 a barrel, with US distillate inventories possibly falling in August to their lowest level for that month since 1951.
- Key event
commodity_eventRefined product cracks hit record highs, with the ICE gasoil crack spread at about $84/bbl and the U.S. diesel crack spread above $110/bbl, as over 7 million bpd of refining capacity sits offline in the Middle East and Russia.
insider_salePhillips 66 SVP & Controller Ann M. Kluppel reported a gift of 40 shares on September 10, 2026.
SEC4 0002021896-26-000010institutional_flowTidal Investments LLC raised its Phillips 66 stake by 51.7% in Q2 2026, buying 11,136 shares to hold 32,674 shares worth about $5.5 million, per its latest SEC filing.
analyst_ratingMorgan Stanley reiterated an Overweight rating on Phillips 66 (PSX) on September 14, 2026 and raised its price target to $284 from $196.
analyst_ratingRaymond James Financial reiterated its Outperform rating on Phillips 66 (PSX) on September 14, 2026.
analyst_ratingRaymond James raised its price target on Phillips 66 to $300 from $240 while maintaining an Outperform rating, as analysts update estimates after record refining margins.
- Key event
macro_dataThe IEA's September monthly report cut its 2026 global oil demand forecast by a further 940,000 bpd to a 2.5 million bpd year-on-year decline, reported August global refinery throughput peaked at 81.4 million bpd, 4.2 million bpd below a year earlier, with more than 7 million bpd of refined product flows offline in the Middle East and Russia, and said U.S. distillate stocks are on track for their lowest end-of-month level since 2005.
commodity_eventDubai crude jumped 21.3% week-on-week to $123.66/bbl and WTI rose 9.4% to $100.05/bbl, while the complex refining margin fell $7.20 to $26.40/bbl, a sixth straight weekly decline.
policy_changeThe White House is reportedly weighing use of the Defense Production Act to expand U.S. refining capacity, a proposal raised at a meeting between President Trump and U.S. refiners including Phillips 66, after the national average diesel price topped $6 a gallon.
analyst_ratingUBS reiterated a Buy rating and raised its Phillips 66 price target to $300 from $235; TD Cowen reiterated Buy at $255, Evercore ISI lifted its Outperform target to $220 from $200, and Wells Fargo raised its target to $335 from $239 while maintaining Overweight.