Phillips 66 Announces Preliminary Board Election Results

An update from Phillips 66 ( (PSX) ) is now available.

On May 21, 2025, Phillips 66 held its annual meeting of shareholders where preliminary results indicated the election of two Phillips 66 nominees, Robert W. Pease and Nigel Hearne, and two Elliott Management nominees, Sigmund L. Cornelius and Michael A. Heim, to the board of directors. Despite significant support, the proposal to declassify the board did not pass, as it failed to secure the required 80% affirmative vote. The board remains committed to declassification, acknowledging shareholder preference for annual elections. The results are preliminary until certified by the independent Inspector of Election.

The most recent analyst rating on (PSX) stock is a Buy with a $191.00 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 Outperform.

Phillips 66’s overall score reflects a stable financial position with strengths in cash flow management and strategic corporate actions. Challenges in profitability and a high P/E ratio are balanced by strong technical indicators and a solid dividend yield. Strategic expansions and asset optimizations support future growth prospects, despite mixed current financial performance.

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

More about Phillips 66

Phillips 66 is a leading integrated downstream energy provider that manufactures, transports, and markets products essential to the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 is committed to providing energy safely and reliably while pursuing a lower-carbon future.

Average Trading Volume: 3,566,163

Technical Sentiment Signal: Buy

Current Market Cap: $49.78B

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