Phillips 66 Stock Under Pressure As Refining Losses Offset Midstream Gains
Fourth Quarter Financial Results: Phillips 66 reported a mixed performance in its fourth-quarter FY24 results, with the midstream segment showing increased income while the chemicals and refining segments faced declines. The company posted an adjusted EPS of $(0.15), exceeding consensus estimates.
Strategic Plans and Shareholder Returns: The company plans to return over 50% of operating cash flow to shareholders and aims for significant growth in midstream and chemicals EBITDA by 2027, alongside reducing total debt to $17 billion.
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Trump To Judge Putin 'In The First Two Minutes' — Will Walk Out If No Fair Deal: 'That'll Be The End'
Trump's Expectations for Summit: President Trump indicated he would assess the potential for a deal with Putin within the first two minutes of their meeting, suggesting he might walk away if no agreement seems feasible. He dismissed concerns regarding Ukraine's constitutional restrictions on land swaps and did not mention security guarantees for Ukraine.
Concerns from Allies: The upcoming summit has raised alarms among Ukrainians and European allies, who fear that Trump could be easily manipulated by Putin. In response, the EU is organizing discussions involving key leaders to address these concerns, while energy markets are feeling pressure ahead of the high-stakes meeting.
Trump-Putin Alaska Summit Set For August 15 As Market Eyes Ukraine Peace Talks
Trump and Putin Meeting: President Donald Trump announced he will host Russian President Vladimir Putin in Alaska on August 15, marking the first meeting between sitting U.S. and Russian presidents since June 2021, amid ongoing negotiations regarding the Ukraine conflict.
Market Reactions and Sanctions: Trump's sanctions deadline for Russia led to market volatility, with increased tariffs on Indian imports affecting stock prices, while energy markets showed fluctuations ahead of the sanctions announcement.
Trump Eyes Putin Meeting After 'Great Progress' In Moscow—Zelenskyy Talks Also On The Table
Potential Trump-Putin Meeting: President Donald Trump may meet with Russian President Vladimir Putin next week to discuss peace negotiations regarding Ukraine, following a meeting between U.S. envoy Steve Witkoff and Putin that was described as achieving "great progress."
Sanctions on Russian Oil: Trump has threatened significant tariffs on countries purchasing Russian oil, particularly targeting India and China, while implementing a 50% tariff on Indian imports due to increased purchases of Russian crude.
Trump Sends Envoy Steve Witkoff To Moscow As Friday Deadline For Russia Sanctions Nears
Diplomatic Efforts: U.S. envoy Steve Witkoff is in Moscow for urgent talks with Russian officials ahead of a deadline set by President Trump for Russia to agree to peace or face severe sanctions on its oil trade.
Market and Trade Implications: The potential sanctions have already caused market volatility, particularly affecting energy ETFs, while countries like India and China face significant tariff threats due to their purchases of Russian oil.
Nikki Haley Rips Trump Tariff On 'Strong Ally' India Over Russian Oil Purchase While 'Adversary' China Gets 90-Day Tariff Pause
Nikki Haley's Criticism of Trump's Tariff Policy: Former Republican presidential candidate Nikki Haley criticized President Trump's tariff approach, questioning the inconsistency in penalizing India for buying Russian oil while giving China a 90-day tariff pause.
India's Response and Market Implications: India's Ministry of External Affairs defended its oil purchases from Russia, labeling U.S. criticism as hypocritical, and warned that tariff threats could jeopardize significant bilateral trade and cooperation in the Indo-Pacific region.
Trump Says India Selling Russian Oil For 'Big Profits' In Open Markets, Threatens To 'Substantially' Raise Tariff
Trump's Tariff Threats: President Trump has threatened to impose substantial tariffs on India for its continued purchase of Russian oil, accusing the country of profiting from the Ukraine conflict while ignoring the resulting casualties.
India's Oil Imports and U.S. Pressure: Despite U.S. pressure, India remains a significant importer of Russian oil, accounting for over one-third of its imports, as trade negotiations between the U.S. and India continue amidst geopolitical tensions.
Trump To Judge Putin 'In The First Two Minutes' — Will Walk Out If No Fair Deal: 'That'll Be The End'
Trump's Expectations for Summit: President Trump indicated he would assess the potential for a deal with Putin within the first two minutes of their meeting, suggesting he might walk away if no agreement seems feasible. He dismissed concerns regarding Ukraine's constitutional restrictions on land swaps and did not mention security guarantees for Ukraine.
Concerns from Allies: The upcoming summit has raised alarms among Ukrainians and European allies, who fear that Trump could be easily manipulated by Putin. In response, the EU is organizing discussions involving key leaders to address these concerns, while energy markets are feeling pressure ahead of the high-stakes meeting.
Trump-Putin Alaska Summit Set For August 15 As Market Eyes Ukraine Peace Talks
Trump and Putin Meeting: President Donald Trump announced he will host Russian President Vladimir Putin in Alaska on August 15, marking the first meeting between sitting U.S. and Russian presidents since June 2021, amid ongoing negotiations regarding the Ukraine conflict.
Market Reactions and Sanctions: Trump's sanctions deadline for Russia led to market volatility, with increased tariffs on Indian imports affecting stock prices, while energy markets showed fluctuations ahead of the sanctions announcement.
Trump Eyes Putin Meeting After 'Great Progress' In Moscow—Zelenskyy Talks Also On The Table
Potential Trump-Putin Meeting: President Donald Trump may meet with Russian President Vladimir Putin next week to discuss peace negotiations regarding Ukraine, following a meeting between U.S. envoy Steve Witkoff and Putin that was described as achieving "great progress."
Sanctions on Russian Oil: Trump has threatened significant tariffs on countries purchasing Russian oil, particularly targeting India and China, while implementing a 50% tariff on Indian imports due to increased purchases of Russian crude.
Trump Sends Envoy Steve Witkoff To Moscow As Friday Deadline For Russia Sanctions Nears
Diplomatic Efforts: U.S. envoy Steve Witkoff is in Moscow for urgent talks with Russian officials ahead of a deadline set by President Trump for Russia to agree to peace or face severe sanctions on its oil trade.
Market and Trade Implications: The potential sanctions have already caused market volatility, particularly affecting energy ETFs, while countries like India and China face significant tariff threats due to their purchases of Russian oil.
Nikki Haley Rips Trump Tariff On 'Strong Ally' India Over Russian Oil Purchase While 'Adversary' China Gets 90-Day Tariff Pause
Nikki Haley's Criticism of Trump's Tariff Policy: Former Republican presidential candidate Nikki Haley criticized President Trump's tariff approach, questioning the inconsistency in penalizing India for buying Russian oil while giving China a 90-day tariff pause.
India's Response and Market Implications: India's Ministry of External Affairs defended its oil purchases from Russia, labeling U.S. criticism as hypocritical, and warned that tariff threats could jeopardize significant bilateral trade and cooperation in the Indo-Pacific region.
Trump Says India Selling Russian Oil For 'Big Profits' In Open Markets, Threatens To 'Substantially' Raise Tariff
Trump's Tariff Threats: President Trump has threatened to impose substantial tariffs on India for its continued purchase of Russian oil, accusing the country of profiting from the Ukraine conflict while ignoring the resulting casualties.
India's Oil Imports and U.S. Pressure: Despite U.S. pressure, India remains a significant importer of Russian oil, accounting for over one-third of its imports, as trade negotiations between the U.S. and India continue amidst geopolitical tensions.
