In the latest trading session, Phillips 66 (PSX) closed at $131.78, marking a -6.88% move from the previous day, falling behind the S&P 500. Despite this, the oil refiner’s shares have seen a 3.56% increase over the last month, outperforming the sector and S&P 500.

Market participants are eagerly awaiting Phillips 66’s financial results, with predicted EPS of $2.3 and revenue of $30.11 billion for the upcoming release. Analysts estimate earnings of $6.23 per share and revenue of $130.33 billion for the full year, reflecting positive changes.

Investors should note recent analyst estimate revisions for Phillips 66, indicating confidence in business performance. The Zacks Rank system, with a current rating of #3 (Hold) for PSX, takes these changes into account. The industry’s Forward P/E ratio of 22.7 and PEG ratio of 0.74 show premium trading and earnings growth potential.

Zacks Top 10 Stocks for 2026, curated by Director of Research Sheraz Mian, have historically outperformed the market significantly. With a track record of +2,530.8% growth since 2012, these upcoming top picks for 2026 are highly anticipated. Don’t miss the release on January 5 for potential investment opportunities.

Read more at Nasdaq: Phillips 66 (PSX) Suffers a Larger Drop Than the General Market: Key Insights