Phillips 66

$19.00

Want a discount? Become a member by purchasing Annual Subscription!
SKU: PSX Category:

Description

Phillips 66’s results were a major disappointment as the company failed to meet Wall Street’s revenue and earnings expectations. The company demonstrated a steadfast commitment to advancing shareholder value through strategic initiatives. Its diversified portfolio, encompassing Midstream, Chemicals, Refining, Marketing, and Specialties, transcends its identity as a mere refining entity. This integrated framework generates consistent free cash flow across economic cycles, exemplified by the global commercial supply and trading organization’s adept utilization of assets to create incremental value. With a focus on bolstering stable cash flows in Midstream, Phillips 66 capitalizes on burgeoning opportunities in United States natural gas and natural gas liquids production, outpacing crude oil. This year’s successful integration of the DCP acquisition enhances their NGL wellhead-to-market value chain, contributing over $1 billion to mid-cycle adjusted EBITDA. The current synergy run rate is poised to surpass $400 million, covering dividends and sustaining capital. The company showcases notable progress in refining performance, achieving the highest crude utilization since 2019 at 95%. With six strategic priorities and enhancements, the company is confident in surpassing its ambitious targets, generating additional free cash flow, and fortifying its ability to deliver increased cash returns to shareholders.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

Want unlimited access to our reports? Purchase our $99 annual subscription!