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Author Topic: Phillips 66 Reports A Record Q1 2013 Back to Topics
BIGOILEATURCRUD

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North Carolina

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Message Posted: May 1, 2013 5:03:57 PM

Phillips 66 (PSX) has to be one of the more exciting stocks out there. It has benefited greatly from the increased production of oil in North America and the resulting increase in crack spreads. Since it was spun-off from ConocoPhillips (COP), Phillips 66 stock has increased over 90%, raised its dividend twice, and initiated a large buyback program. Phillips 66 currently offers a $0.3125 quarterly dividend and at current prices yields about 2.0%.

68% of Phillips 66's US crude was advantaged, compared with only 60% last year. During the quarter, Phillips 66 processed about 563,000 of heavy crude, including 190,000 barrels per day of Canadian heavy crude, or about 12% of the total. Shale oil is now 14% of Phillips 66's feedstock, up from 2% last year. The pricier Brent-base crude fell to 32
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52MPG
Champion Author Dayton

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Message Posted: May 3, 2013 3:44:15 AM

Processing Canadian heavy crude is an answer to many problems.
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DrCashFlow
Champion Author Massachusetts

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Points:1,950,275
Joined:Jun 2008
Message Posted: May 3, 2013 3:25:54 AM

owning stock in a well-managed energy company can be a good hedge against higher oil and gas prices
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Amplion
Champion Author Oregon

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Message Posted: May 3, 2013 12:29:41 AM

Phillips is a good company !!!
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truvoice1
Champion Author San Diego

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Message Posted: May 2, 2013 9:04:36 PM

Maybe we should all invest in oil stocks so that we can have a say on how often they get to screw us!
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WalkingWV
Champion Author West Virginia

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Message Posted: May 2, 2013 2:18:44 PM

Of course, with a captive market and free reign for pricing.
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Jeff4U
Champion Author Atlanta

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Message Posted: May 2, 2013 1:07:00 PM

I'm sure they'd like to thank us for all the money they snatched out of our wallets.
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pricewar
Champion Author Ogden

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Message Posted: May 2, 2013 1:43:13 AM

I wonder how they did it....them highway robbers
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MrLefty0706
Champion Author Chicago

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Message Posted: May 2, 2013 12:12:26 AM

Squeezing Americans at the pump is so noble.
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Sneakers55
Champion Author Houston

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Message Posted: May 1, 2013 11:23:11 PM

On May 1, 2013 8:17:17 PM, USMCturtlehead wrote:

>Easy to make big profits when there is no price control.

Two and a half cents of profit on a dollar of sales. Wal-Mart does better.
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davenles
Champion Author Texas

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Message Posted: May 1, 2013 9:29:46 PM

I don't doubt it at today's prices.
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USMCturtlehead
Champion Author Lexington

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Message Posted: May 1, 2013 9:17:17 PM

Easy to make big profits when there is no price control.
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JDchefF
Champion Author Lancaster

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Message Posted: May 1, 2013 9:09:52 PM

How does this keep gas prices down?
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LanguageMan1
Champion Author Tampa

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Message Posted: May 1, 2013 8:56:12 PM

Doesn't surprise me.
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joopieVZ
Sophomore Author Grand Rapids

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Message Posted: May 1, 2013 8:37:33 PM

At least someone is doing well . . . .
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csblesson
Champion Author Texas

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Message Posted: May 1, 2013 7:58:04 PM

All fuel companies are making bumper riches
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carrek
Veteran Author Seattle

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Message Posted: May 1, 2013 7:07:00 PM

This sector of the economy is guaranteed to not go out of business.
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Vetteblu
Champion Author Denver

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Message Posted: May 1, 2013 6:46:22 PM

My back is hurting from bending over so much for the oil companies!
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JerryJoeUC
Champion Author San Antonio

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Message Posted: May 1, 2013 6:29:17 PM

Good for them. Wish I could say the same for my family.
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EnviroChemist
Champion Author Oklahoma

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Message Posted: May 1, 2013 6:21:13 PM

Good of Phillips Petroleum Co. wish they were still based in Bartlesville OK, but that is just wishful thinking.
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humblepie
Champion Author Toledo

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Message Posted: May 1, 2013 5:53:30 PM

great news for job security in the american oil and gas sector
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BIGOILEATURCRUD
Champion Author North Carolina

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Message Posted: May 1, 2013 5:13:00 PM

And

they couldn't have done it without all the oil addicted Americans!

[Edited by: BIGOILEATURCRUD at 5/1/2013 5:15:40 PM EST]
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