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
Investors can expect a dividend payout of $1.20 per share, scheduled to be distributed in 10 days on December 1, 2025
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| December 1, 2025 | $1.20 | 2025-11-17 | 2025-11-17 |
| 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 |
Dividends Summary
- PHILLIPS 66 has issued 54 dividend payments over the past 13 years
- The most recent dividend was paid 80 days ago, on September 2, 2025
- The highest dividend payed out to investors during this period was $1.20 per share
- The average dividend paid during this period was $0.78 per share.
Company News
Phillips 66 reported strong Q3 earnings, beating Wall Street estimates with $2.52 adjusted earnings per share and $34.98 billion in revenue. The company achieved record 99% refining utilization and continues progress on key polymer projects.
Kinder Morgan is experiencing accelerated earnings growth, driven by expanding natural gas infrastructure projects and increasing demand from AI data centers. The company has a $9.3 billion project backlog and potential for an additional $10 billion in gas projects, positioning it for significant future growth.
Cenovus has amended its agreement to acquire MEG Energy, increasing the offer price and providing shareholders with a mix of cash and stock options. The revised deal offers approximately $29.80 per MEG share, representing an increase of $1.32 per share from the original agreement.
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.
