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Why Does Phillips 66 Trade at a Higher Valuation?

Michelle Rey
Why Does Phillips 66 Trade at a Higher Valuation?

Phillips 66 Stock Has Fallen 11% in Q2(Continued from Prior Part)Phillips 66’s valuationsPhillips 66 trades at a forward PE ratio of 9.9x, which is above its peer average of 9.3x. Valero Energy (VLO) and PBF Energy (PBF) also trade above the peer