Phillips 66 Appoints New Board Members
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy PSX?
Phillips 66 announced that it has appointed Howard Ungerleider and Kevin Meyers to serve on the Company's Board of Directors, effective immediately. As previously announced, Glenn Tilton and Marna Whittington, Class II directors with terms concluding in 2026, have informed the Company that they intend to retire and will not stand for re-election to the Phillips 66 Board of Directors at the Company's next annual meeting of shareholders in May 2026. Following the annual meeting, the Board will consist of 14 directors, 13 of whom are independent. Ungerleider will serve as a Class II director and Meyers will serve as a Class III director, and the Company's director nominees for election at its 2026 annual meeting of shareholders will be Ungerleider and the Company's other Class II directors, Gregory J. Hayes, Charles M. Holley and Denise R. Singleton.
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Analyst Views on PSX
Wall Street analysts forecast PSX stock price to fall
15 Analyst Rating
8 Buy
7 Hold
0 Sell
Moderate Buy
Current: 162.500
Low
110.00
Averages
132.40
High
162.00
Current: 162.500
Low
110.00
Averages
132.40
High
162.00
About PSX
Phillips 66 is a diversified and integrated downstream energy provider that manufactures, transports and markets products. The Company's Midstream segment provides crude oil and refined petroleum product transportation, terminating and processing services, as well as natural gas and natural gas liquids (NGL) transportation, storage, fractionation, gathering, processing and marketing services. Its Chemicals segment consists of its 50% equity investment in Chevron Phillips Chemical Company LLC, which manufactures and markets petrochemicals and plastics on a worldwide basis. Its Refining segment refines crude oil and other feedstocks into petroleum products, such as gasoline, distillates, including aviation fuels. Its Marketing and Specialties segment purchases for resale and markets refined products, mainly in the United States and Europe. Its Renewable Fuels segment processes renewable feedstocks into renewable products at the Rodeo Renewable Energy Complex and at its Humber Refinery.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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