3 reasons, to consider investing in Phillips 66 now!
The political change in Venezuela provides significant momentum!
Phillips 66 has successfully invested in modernizing its refinery facilities in recent years.
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Phillips 66 is a diversified energy company whose core business lies in refining crude oil into end products such as gasoline and diesel. The company is expected to experience significant momentum from the political change in Venezuela. This will enable the corporation to gain better access to inexpensive heavy crude oil, which its refineries are specialized in. At the same time, the escalating conflict in the Middle East is driving the so-called "Crack Spreads," meaning the profit margin from processing oil into gasoline/diesel, higher. Currently,...
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