VanEck Oil Refiners ETF (CRAK)

Marathon Petroleum reported Q4 results with higher revenues, adjusted EBITDA, and EPS exceeding consensus. It also announced dividends and share buybacks for shareholders.

Phillips 66 reported a decline in Chemicals segment income and improved loss in Refining segment, with plans to return cash to shareholders and reduce debt.

Phillips 66 to acquire EPIC NGL business for $2.2 billion in cash. Assets include fractionators, pipelines, and plans for expansion, increasing earnings per share.

Marathon Petroleum shares up on Q3 earnings beat, expects strong refining operations. Scotiabank analyst expects near-term price impact.

Marathon Petroleum shares rise after surpassing Q3 expectations and returning $3 billion to shareholders in third quarter FY24.

The Biden-Harris administration has imposed extensive sanctions on Russia; a second Trump administration would likely nix those sanctions.

Phillips 66 (PSX) shares rise after reporting Q3 results, with midstream and chemicals segments performing well. Adjusted EPS beats consensus.

Valero Energy Corporation (NYSEVLO) reported Q3 FY24 revenues of $32.876B, beating consensus. Adj. EPS exceeded consensus. Refining segment income down.

On October 16, 2024, a jury awarded Propel Fuels Inc. $604.9 million in damages in a trade secret misappropriation lawsuit against Phillips 66 Company, which denies wrongdoing and plans to appeal.

Phillips 66 (PSX) sells 49% stake in Swiss joint venture for $1.24 billion, to support strategic priorities and shareholder returns.

Marathon Petroleum shares down on strike at Detroit refinery. Strike for better pay and safety; the company expects no impact on operations.

Marathon Petroleum reported Q2 FY24 results, beating revenue estimates. Adjusted EBITDA was $3.39B, and adjusted EPS was $4.12. MPC returned $3.2B to shareholders.

HF Sinclair reported Q2 FY24 results with revenues of $7.845B, beating consensus. Adjusted EBITDA fell 53% YoY. Dividend of $0.50 declared.

Phillips 66 reported stronger Q2 results with revenue of $38.911B, exceeding consensus. Adjusted EPS of $2.31 topped consensus of $1.98.

Investing in equal parts of these three investments would produce a forward-dividend yield over 3.9%.

A discussion about the current trends in oil and gasoline markets, highlighting structural demand challenges and the bearish sentiment among traders.

Phillips 66 to acquire Pinnacle Midstream for $550 million, expanding natural gas footprint in Midland Basin. CEO aims for operational synergy.

HF Sinclair reported Q1 FY24 results, with revenues down 7% and adjusted EBITDA down 43%. Company declared $0.50 dividend and announced $1 billion buyback.

Phillips 66 reported Q1 FY24 results with revenue of $36.436B and adjusted EPS of $1.90 missing consensus of $2.17.

Phillips 66 is looking to sell its 25% stake in Rockies Express Pipeline for over $1 billion. The company is in talks with potential buyers.

In a notable market shift, U.S. crude prices recorded a drop of 5% on Thursday. This decline comes in the wake of increasing inventories and a downturn in industrial production.

For investors, energy companies have been the bright spot in a very dark 2022 stock market. The Energy Select Sector SPDR ETF is up 43% year-to-date, while the broad-coverage SPDR S&P 500 ETF has dropped by 18%.