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Phillips 66 Announces $2 Billion Notes Offering

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Phillips 66 Announces $2 Billion Notes Offering

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Phillips 66 ( (PSX) ) has shared an announcement.

On September 16, 2025, Phillips 66 Company entered into a Terms Agreement for a public offering of $2 billion in junior subordinated notes, guaranteed by Phillips 66. This financial move, involving Series A and Series B notes due in 2056, is expected to impact the company’s financial structure and market positioning.

The most recent analyst rating on (PSX) stock is a Buy with a $143.00 price target. To see the full list of analyst forecasts on Phillips 66 stock, see the PSX Stock Forecast page.

Spark’s Take on PSX Stock

According to Spark, TipRanks’ AI Analyst, PSX is a Neutral.

Phillips 66’s overall stock score reflects strong operational performance in key segments and positive technical momentum. However, high valuation, liquidity concerns, and legal risks weigh on the score. The company’s strategic focus on refining and midstream, along with shareholder returns, supports its outlook.

To see Spark’s full report on PSX stock, click here.

More about Phillips 66

Phillips 66 is a diversified energy manufacturing and logistics company. It primarily operates in the oil and gas industry, focusing on refining, marketing, and transportation of petroleum products.

Average Trading Volume: 2,624,691

Technical Sentiment Signal: Strong Buy

Current Market Cap: $53.81B

Find detailed analytics on PSX stock on TipRanks’ Stock Analysis page.

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