From Yahoo Finance: 2025-05-28 15:57:00

Jim Cramer discusses Phillips 66 (PSX) and its recent share drop of 7.5% after activist investor Elliott secured two board seats. Cramer believes this reaction was an overreaction, citing no immediate transaction plans. Phillips 66 (PSX) is a diversified oil and gas company involved in refining, storage, and transportation sectors.

Refinery manager at Phillips 66 (PSX) highlighting the company’s refining capabilities. Cramer has praised PSX’s business acumen, such as their acquisition of NGL assets for $2.2 billion. Despite being treated unfairly as an oil company, Cramer sees potential in Phillips 66 (PSX) and its strategic moves in the market.

Phillips 66 (PSX) ranks 10th on Jim Cramer’s list of discussed stocks. While acknowledging PSX’s potential, the focus remains on AI stocks with higher return promises and limited downside risks. For those seeking AI stocks with significant upside potential, a report on the cheapest AI stock is available for exploration.

Read more: Phillips 66 (PSX) Suffered From An Overreaction After Elliot Victory, Says Jim Cramer