PHILLIPS 66 (PSX)
Phillips 66 (PSX) is a diversified energy manufacturing and logistics company that operates through multiple segments, including refining, midstream, chemicals, and marketing. Originating from the refining division of ConocoPhillips, it was spun off as an independent company in 2012. Phillips 66 focuses on downstream energy products, including refining petroleum, producing petrochemicals, and distributing fuels and lubricants. The company is known for its integrated operations across the energy value chain, serving customers in North America and globally.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| September 2, 2025 | $1.20 | 2025-08-19 | 2025-08-19 |
| June 2, 2025 | $1.20 | 2025-05-19 | 2025-05-19 |
| March 5, 2025 | $1.15 | 2025-02-24 | 2025-02-24 |
| December 2, 2024 | $1.15 | 2024-11-18 | 2024-11-18 |
| September 3, 2024 | $1.15 | 2024-08-20 | 2024-08-20 |
Dividends Summary
- PHILLIPS 66 has issued 53 dividend payments over the past 13 years
- The most recent dividend was paid 18 days ago, on September 2, 2025
- The highest dividend payed out to investors during this period was $1.2 per share
- The average dividend paid during this period was $0.77 per share.
Company News
Phillips 66 will purchase Cenovus Energy's 50% stake in WRB Refining LP for $1.4 billion, gaining full ownership of two U.S. refineries with a combined processing capacity of 495,000 barrels per day.
Cenovus Energy has agreed to sell its 50% stake in WRB Refining LP to Phillips 66 for US$1.4 billion, focusing on streamlining its downstream business and using proceeds to reduce net debt and increase shareholder returns.
Warren Buffett is secretly building a position in a large industrial company, likely United Parcel Service (UPS), as the stock is currently undervalued compared to its long-term growth prospects.
The article discusses a refiner, Phillips 66 (PSX), that is poised to benefit from lower oil prices and rising energy demand. The company has a 'hidden' 10.3% shareholder yield due to its strong dividend growth and share buybacks.
Phillips 66 reported better-than-expected Q2 2024 results, but its stock price fell 6.2% due to concerns about the U.S. economy and high oil prices impacting its refining business.
