Phillips 66
PSXMarket price data through November 10, 2026.
Performance
Nov 2021 – Nov 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- -3%
- How much this stock is up since Benson first picked it — measured from the price at the time of that first pick, not from today.
- First pick price
- ~$259
- Roughly what one share cost when Benson first picked this stock. This is the starting line for the Benson Return.
- Tracking since
- September 2026
- The month this stock first became a Benson pick.
- Tracking duration
- 2 months
- How long Benson has been tracking this pick.
About Phillips 66
Think of Phillips 66 as the middleman between the oil well and your gas tank. It turns crude oil into gasoline, diesel, and jet fuel, and sells it under the Phillips 66, Conoco, and 76 brands at more than seven thousand stations. It also runs pipelines that carry oil and gas liquids across the country, and it owns half of a major plastics and chemicals business.
The case for and against
Both sides of the story, in plain English.
- Refining Running Hot
Phillips 66 earned 5.6 billion dollars, or 14.08 dollars per share, in the third quarter. That's up from 3.8 billion dollars just three months earlier. Its refineries ran at 98 percent of capacity, and the markup it made on each barrel jumped to 38 dollars from about 24 dollars. That pushed refining profits to about 6 billion dollars before taxes, nearly double last quarter's total.
- Shareholder Payday
Phillips 66 gave 2.8 billion dollars back to shareholders this quarter, including 2.3 billion dollars of stock buybacks, up from just 379 million dollars the quarter before. It also cut total debt by 2 billion dollars to 18.5 billion dollars, grew its cash pile to 5.8 billion dollars, and raised its dividend for the second time in 2026. The company aims to hand more than half of the cash its business brings in back to investors.
- Lopsided Profit Mix
Refining earned about 6 billion dollars before taxes, roughly eight of every ten dollars the company's businesses brought in. Every other division earned less than last quarter. Fuel marketing dropped from 583 million dollars to 245 million dollars, and renewable fuels slid from 544 million dollars to 191 million dollars. If refining cools off, the rest of the company isn't big enough yet to fill the gap.
- Peak Profit Risk
Refining is a boom and bust business, and this quarter's markup of 38 dollars per barrel is unusually high. Over the past year the company kept less than 5 cents of profit from each dollar of sales, and its yearly sales fell about 7.5 percent in its last full year. When fuel prices cool, or when storms and refinery outages hit, earnings can shrink fast.
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How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-11-10. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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