Will the Oil Price Environment Aid PSX's Refining Operations?
Phillips 66Phillips 66(US:PSX) ZACKS·2026-01-02 21:15

Key Takeaways PSX may benefit from WTI crude trading below 60,asitsrefiningbusinessbuysoilatlowercosts.EIAexpectsinventoriestoriseandseeslowerWTIpricesin2026,supportingasoftercrudesetupforPSX.Phillips66sharesrose15.460, as its refining business buys oil at lower costs.EIA expects inventories to rise and sees lower WTI prices in 2026, supporting a softer crude setup for PSX.Phillips 66 shares rose 15.4% in a year and trade at an EV/EBITDA multiple above the industry average.With West Texas Intermediate (WTI) oil prices currently trading below 60 per barrel, according to data from Oilprice.com, which is significantly lower than a year ago, the overall energy bu ...