Shares of Phillips 66 (PSX) moved higher on Wednesday after the refiner reported improved fourth-quarter results.
The stock is currently trading at $153.80, up $5.71 or 3.86%, on the NYSE. The stock opened at $150.00 after closing Tuesday at $148.09. The stock has traded between $91.01 and $154.79 in the past 52-week period.
Phillips 66 posted fourth-quarter earnings of $2.91 billion, or $7.17 per share, up from earnings of $8 million, or $0.01 per share, in the same period last year. On an adjusted basis, earnings came in at $2.47 per share.
Revenue increased to $36.33 billion from $33.99 billion a year earlier, supported by improved refining and midstream contributions.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.