Elevated gas prices amid the Iran war are boosting refiners and fuel distributors like Phillips 66, HF Sinclair, and CrossAmerica Partners, which benefit from wider margins and strong demand.
SanDisk, Phillips 66, and MetLife added $27 billion in combined buyback capacity, with SanDisk's $14 billion authorization following a 500% share price surge in 2026.
Phillips 66 (NYSE:PSX) has outperformed the market over the past 5 years by 16.51% on an annualized basis producing an average annual return of 27.83%. Currently, Phillips 66 has a market capitalization of $96.28
Harbison exercised stock options at $100.44 per share and immediately sold at $223.76, capturing significant gains after Phillips 66's 88% one-year return.
Davis liquidated 1,515 shares from a trust at $207.73 per share, reducing her indirect holdings by 21% while retaining 7,196 total shares worth roughly $1.6 million.
Phillips 66 (NYSE:PSX) has outperformed the market over the past 5 years by 14.38% on an annualized basis producing an average annual return of 25.89%. Currently, Phillips 66 has a market capitalization of $89.95
Phillips 66 (NYSE:PSX) reported second-quarter 2026 adjusted earnings of $3.8 billion, or $9.41 per share, as higher refining margins, midstream volumes, marketing margins and renewable fuel credits lifted results. Reported earnings were also $3.8 billion, or $9.55 per share.
Chief Financial Office
Amid intensifying Iran war disruptions and record crack spreads, Valero, Marathon Petroleum, and Phillips 66 shares have surged to all-time highs, backed by strong earnings, buybacks, and dividends.
Phillips 66 (NYSE:PSX) has outperformed the market over the past 5 years by 12.43% on an annualized basis producing an average annual return of 23.67%. Currently, Phillips 66 has a market capitalization of $86.46
