NYSE:PSXOil and Gas
Assessing Phillips 66 (PSX) Valuation After Western Gateway Pipeline Progress News
Western Gateway announcement puts Phillips 66 in focus
Phillips 66 (PSX) is back on investors’ radar after it and Kinder Morgan moved the proposed Western Gateway refined products pipeline forward, backed by long term shipper commitments and targeting an in service date around mid 2029.
See our latest analysis for Phillips 66.
The Western Gateway update lands after a 22.18% year to date share price return and a 57.98% total shareholder return over 12 months. However, the 30 day share price...