Phillips 66 appoints Sean Maher as VP of investor relations

HOUSTON - Phillips 66 (NYSE:PSX), a $52.77 billion market cap energy company, announced Wednesday the appointment of Sean Maher as vice president of investor relations and chief economist, effective Oct. 1. Maher will succeed Jeff Dietert, who is retiring after eight years with the company. According to InvestingPro data, the company’s stock has delivered a strong 19.46% return year-to-date.

Maher currently serves as Phillips 66’s chief economist, leading the company’s global fundamental outlook and price forecasting. He brings nearly 30 years of experience in energy finance and investment to the expanded role.

Prior to joining Phillips 66 in 2024, Maher held senior positions at Morgan Stanley, where he launched coverage of midstream and integrated natural gas companies. His background includes serving as partner and senior portfolio manager for an energy equity fund and co-founding Third Gear Investments. He has also served on public company boards.

"We are pleased to have Sean step into this important role, bringing deep industry knowledge and extensive finance experience that will strengthen our engagement with the investment community," said Kevin Mitchell, executive vice president and chief financial officer of Phillips 66.

Dietert, who joined Phillips 66 in 2017 following a career in energy equity research, was credited with evolving the company’s investor relations function and strengthening relationships with analysts and shareholders.

Phillips 66 is an integrated downstream energy provider with operations in midstream, chemicals, refining, marketing and specialties, and renewable fuels businesses. The company is headquartered in Houston. With annual revenues of $132.97 billion and a healthy 3.63% dividend yield, Phillips 66 maintains a FAIR financial health rating according to InvestingPro analysis. The stock currently appears undervalued based on InvestingPro’s Fair Value calculations, with analysts setting price targets between $127 and $158.For deeper insights into Phillips 66’s valuation and growth prospects, including exclusive ProTips and comprehensive financial analysis, check out the detailed Pro Research Report available on InvestingPro.

The information in this article is based on a company press release.

In other recent news, Phillips 66 announced a definitive agreement to acquire the remaining 50% stake in WRB Refining LP from Cenovus Energy Inc. for $1.4 billion in cash. This acquisition will enhance Phillips 66’s refining capacity by approximately 250,000 barrels per day. In its latest quarterly earnings report, Phillips 66 posted strong results with adjusted earnings of $973 million, or $2.38 per share, and an operating cash flow of $1.9 billion, excluding working capital. Analysts have responded positively to these developments, with UBS raising its price target for Phillips 66 to $143, citing the company’s competitive business model and operational improvements. Similarly, TD Cowen increased its price target to $134, highlighting the company’s strong refining performance and reduced operational expenses. These analyst actions reflect confidence in Phillips 66’s strategic initiatives and operational efficiency.

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