Phillips 66 stock slips 4.74% and underperforms competitors

8 articles · Updated · MarketWatch · May 6

Shares closed at $171.72 on Wednesday as the S&P 500 rose 1.46% to 7,365.12 and the Dow gained 1.24% to 49,910.59.
The decline ended a two-day winning streak, leaving the stock 9.91% below its 52-week high of $190.61 reached on 30 March.
Phillips 66 lagged peers including Enterprise Products Partners, Kinder Morgan and Williams, while trading volume of 2.3 million stayed about 1 million below its 50-day average.

After a bad bet cost it billions, can Phillips 66's recovery plan survive more market volatility?

While the AI boom boosts energy demand, why are refiners like Phillips 66 facing such massive financial losses?