AllAnalyst Report
logoArgusNovember 09, 2023

Phillips 66: Reaffirming BUY following 3Q23 results

Symbols
PSX
Sector(s)
Energy
Rating
Current Price
$151.41
Price Target
Earnings Estimate
Summary

Phillips 66 is a downstream energy company with assets in four segments: Refining, Marketing, Chemicals, and Midstream. Its refining and marketing operations include 14 refineries with net crude capacity of 2.2 million barrels per day. Its Chemicals operations are conducted through a 50% interest in Chevron Phillips Chemical Company LLC, which has more than 33 billion pounds of net annual processing capacity. Midstream operations are conducted through a 50% interest in D

Upgrade to begin using premium research reports and get so much more.

Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next level
Upgrade

Analyst Profile

William V. Selesky

Senior Analyst: Basic Materials
Bill covers the Basic Materials sector for Argus. He has worked in the investment business for over 15 years, including positions as a senior equity analyst for firms such as Palisade Capital Management, PaineWebber/Mitchell Hutchins Asset Management and John Hsu Capital Group. He has provided coverage on groups including Consumer Staples, Consumer Discretionary, Energy, Media, Transportation, Gaming and Utilities. At PaineWebber, he also served as part of a team that managed $9 billion in active equity products. Prior to working in the investment field, Bill spent eight years as a credit analyst at American Express Company and five years as an analyst at Equifax Services. Bill has a Masters of Business Administration degree in Investment Finance from Pace University, and a Bachelor of Science degree in Economics from Fordham University.