By Charles Kennedy of OIlPrice.comMajor U.S. oil companies and their top managers were targeted by sanctions by a Yemeni body affiliated with the Iran-aligned Houthi rebels, for what they say is violating a Houthi embargo.The Humanitarian Operations Coordination Center (HOCC), a Houthi-affiliated body created last year to liaise between the Houthis and commercial shipping operators, sanctioned 13 U.S. oil companies, nine executives, and two assets linked to the U.S.“The HOCC will employ all available means ...

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U.S. oil refiner Phillips 66 expects to book about $100 million of charges to idle its 139,000-barrel-per-day Los Angeles-area refinery, which will cease operations by year-end, the company said on Wednesday. ...

HOUSTON--(BUSINESS WIRE)--Phillips 66 provided an update on its progress toward idling operations at its Los Angeles refinery. ...

Investors with an interest in Oil and Gas - Refining and Marketing stocks have likely encountered both World Kinect (WKC) and Phillips 66 (PSX) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets co ...

Phillips 66 (PSX) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing earnings pi ...

The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Phillips 66 (PSX) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.Phillips 66 is a member of our Oils-Energy group, which includes 240 dif ...

California Gov. Gavin Newsom blamed General Motors and CEO Mary Barra for the rollback of electric vehicle subsidies and other anti-EV measures advanced by the Trump administration and Republicans in Congress. Newsom was asked last week about the state of California's capacity to replace the federal EV subsidies that were ended by the Trump administration and said, "You're talking about the Biden-era tax credit that the Trump administration eliminated. We can't make up for federal vandalism of those tax cre ...

Okay, let's talk about a new buy first from Josh Brown. Uh PSX. Yeah.Philip 66. >> Yes. >> Tell me more.>> So, you were like on some sort of extended vacation earlier this week. Frank Holland uh >> uh Frank Holland and I had a had a conversation about uh energy stocks because nobody cares about energy, but there's a little bit of a stealth rally happening in a handful of names in the uh the XLE patch. Um PSX, I gave it a letter grade. I said it's it's still a C.Stock's been shaping up over the last couple o ...

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink. Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and b ...