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Phillips 66 (NYSE: PSX ) shares are trading higher by about 3% on Tuesday. The company, along with Kinder Morgan (NYSE: KMI ) and HF Sinclair (NYSE: DINO ), disclosed a final investment decision for Western Gateway. The pipeline is expected to improve fuel supply reliability and provide a more efficient transportation
Phillips 66 (NYSE: PSX ) stock traded lower Wednesday despite reporting second-quarter earnings and revenue that topped Wall Street estimates, as a broad selloff in energy stocks and weaker crude oil prices overshadowed the strong results. The company reported adjusted earnings of $9.41 per share, beating the analyst c