Phillips 66 traded at $164.42 this Monday March 9th, decreasing $1.54 or 0.93 percent since the previous trading session. Looking back, over the last four weeks, Phillips 66 lost 4.52 percent. Over the last 12 months, its price rose by 30.36 percent. Looking ahead, we forecast Phillips 66 to be priced at 160.95 by the end of this quarter and at 146.80 in one year, according to Trading Economics global macro models projections and analysts expectations.
Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment provides crude oil and refined petroleum product transportation, terminaling and processing services, as well as natural gas and natural gas liquids (NGL) transportation, storage, fractionation, processing and marketing services in the United States. The Chemicals segment consists of its equity investment in Chevron Phillips Chemical Company LLC (CPChem), which manufactures and markets petrochemicals and plastics. The Refining segment refines crude oil and other feedstocks at refineries in the United States and Europe. The M&S segment purchases for resale and markets refined petroleum products, such as base oils and lubricants.