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HOUSTON - Phillips 66 (NYSE:PSX), a $53.12 billion market cap energy company, announced Wednesday that its board of directors has declared a quarterly dividend of $1.20 per share on the company’s common stock, representing an attractive 3.63% yield. The dividend will be payable on Dec. 1, 2025, to shareholders of record as of the close of business on Nov. 17, 2025.
Phillips 66 is an integrated downstream energy provider with operations spanning midstream, chemicals, refining, marketing and specialties, and renewable fuels businesses. The company is headquartered in Houston.
The dividend announcement was made in a press release statement issued by the company.
In other recent news, Phillips 66 has announced plans to idle its Los Angeles refinery as part of site redevelopment efforts, with the final crude processing expected around mid-October and the complete shutdown by the end of 2025. The company is implementing a phased approach to safely idle the refinery, gradually shutting down remaining units. Additionally, Phillips 66 disclosed a $2 billion notes offering with maturities in 2056, consisting of two series of junior subordinated notes guaranteed by the company. Analyst firms have weighed in on Phillips 66’s strategic moves, with UBS reiterating its Buy rating and highlighting the company’s refining optimizations and expansion, specifically mentioning the acquisition of the remaining 50% ownership interest in WRB Refining LP for $1.4 billion. Meanwhile, Mizuho maintained a Neutral rating, emphasizing the company’s "wellhead to water" strategy. These developments reflect Phillips 66’s ongoing efforts to enhance its operational capabilities and financial structure.
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