Why Wall Street Is Split on Phillips 66 (PSX) Even as Its Numbers Improve
Reported by Yahoo Finance · finance.yahoo.com · July 29, 2026
The energy sector in 2026 is experiencing a split-margin scenario that few investors are pricing cleanly. Even though the broader market views the sector as mature and low-growth, refining margins remain significantly higher than their typical mid-cycle range. Chemicals, on the other hand, are only now recovering from some of their lowest margins in years, […]
What the tape says
What to watch: AI infrastructure spend continues to concentrate in compute, memory, and power equipment.
Market reaction today: $PSX -0.37%
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