Is Phillips 66 Still a Buy After its Massive 2026 Rally? The recent market rally of Phillips 66 (NYSE:PSX) has left many investors wondering whether this is a case of déjà vu or genuine growth.
The company's Q2 report crushed estimates, and refining margins reached record levels. This is no surprise, given that hedge funds are jumping back into the fray.
However, beneath the surface, there's more to this story than meets the eye. The Middle East Conflict: A Blessing in Disguise?