Houston, Texas-based Phillips 66 (PSX) is a diversified energy manufacturing and logistics company. The company operates through Midstream, Chemicals, Refining, and Marketing & Specialties segments. With a market cap of $54.3 billion, its operations span various countries in the Americas, Europe, and internationally.
The energy giant has underperformed the broader market over the past year. Despite rallying 11.9% over the past 52 weeks, PSX stock has lagged behind the S&P 500 Index’s ($SPX) 31.1% returns. PSX saw a 1.3% decline in 2024 compared to SPX’s 24.7% gains on a YTD basis.
