AllAnalyst Report
logoMorningstarJanuary 18, 2021

Phillips 66: Phillips 66 Pursues Renewable Fuels With Refinery Conversion in California

Symbols
PSX
Sector(s)
Energy
Rating
Premium
Current Price
$87.43
Fair Value
Premium
Economic Moat
Premium
Stewardship
Premium
Summary

Phillips 66 is an independent refiner with 13 refineries that have a total throughput capacity of 2.2 million barrels per day. Its DCP Midstream joint venture holds 45 natural gas processing facilities, 11 natural gas liquids fractionation plants, and a natural gas pipeline system with 58,000 miles of pipeline. Its CPChem chemical joint venture operates facilities in the United States and the Middle East and primarily produces olefins and polyolefins. Phillips 66 also holds a 75% interest in Phillips 66 Partners after exchanging its general partner incentive distribution rights for limited partner units.

Premium
Subscribe to Yahoo Finance Premium for full access
Read the latest independent research including analyst forecasts, ratings on the US economy, and more. Get individual company and overall sector level recommendations.
Try Premium FREE

Analyst Profile

Allen Good

Sector Strategist
Allen Good, CFA, is an energy strategist for Morningstar Holland BV, a wholly owned subsidiary of Morningstar, Inc. Based in Amsterdam, he covers the oil and gas industries. He is also a member of the Morningstar Research Services Economic Moat Committee, a group of senior members of the equity research team responsible for reviewing all Economic Moat and Moat Trend ratings issued by Morningstar.Before joining Morningstar in 2008, he performed merger and acquisition advisory work for a middle-market investment bank. Before that, he spent several years at Black & Decker in various operational roles.Good holds a bachelor’s degree in business from the University of Tennessee and a master’s degree in business administration from Kenan-Flagler Business School at the University of North Carolina. He also holds the Chartered Financial Analyst® designation.