Phillips 66: Record Earnings & Margin Explosion Drive the Stock to an All-Time High
Reading Time: 3 minutes
Price drivers: A historic explosion in refining margins combined with sharply rising gasoline and diesel prices are rapidly pushing the stock's trading volume upwards. Earnings surge: The US company surpasses market expectations with a gigantic earnings increase of 295.38% compared to the previous year. Share buybacks: A fresh increase in the buyback program by $10 billion along with sharply decreasing debt secure medium- to long-term price momentum. The US company Phillips 66 is one of the world's leading players in energy infrastructure,...
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