Morgan Stanley analyst Joe Laetsch maintained a Hold rating on Phillips 66 (NYSE:PSX) stock with an unchanged price target of ...

Phillips 66 is expected to lay off most workers at its 139,000-barrel-per-day Los Angeles-area refinery in December.

Phillips 66 will lay off most workers at its Los Angeles refinery in December as the facility prepares for its closure later in 2025 due to challenging market dynamics.