Phillips 66 stock gets a new refining chief before Q3 results
Published on 10/07/2026 at 16:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Phillips 66 (ISIN US7185461040) was trading at USD 272.30 on the NYSE at 10:06 a.m. ET on October 7, 2026, up 0.93 percent from USD 269.79. The company is changing the executive responsible for its core refining business before its next quarterly report.
Refining leadership changes
According to Investing News Network on October 5, 2026, Executive Vice President Rich Harbison will retire on December 31, 2026. Chris Chandler became a strategic adviser to Chief Executive Mark Lashier on October 6 and is due to become executive vice president of Refining on January 1, 2027.
Chandler brings more than 30 years of energy-industry experience, including more than two decades in Phillips 66 leadership roles. The transition matters because refining remains central to the company alongside Midstream, Chemicals, Marketing and Renewable Fuels.
Q2 earnings set a high bar
Phillips 66 reported second-quarter adjusted earnings of USD 9.41 per share on August 5, 2026, compared with a USD 7.50 consensus estimate, according to MarketBeat. Revenue reached USD 52.04 billion against USD 43.60 billion expected, while the comparable prior-year EPS was USD 2.38.
The earnings comparison puts the leadership handover against an unusually strong operating quarter. Phillips 66 also expanded its share-buyback authorization by USD 10.0 billion, a capital-allocation decision that can support per-share results but does not remove refining-cycle risk.
Analyst target meets the stock
Goldman Sachs raised its Phillips 66 price target to USD 274 from USD 245 on October 1, 2026, while maintaining a Neutral rating, as Markets Insider reported. The new target lies 0.6 percent above the October 7 price, leaving the analyst view close to the market quotation.
That narrow gap makes the upcoming operating update more important than the target revision itself. Phillips 66 is scheduled to release third-quarter results and host an investor webcast on October 28, 2026, according to StockTitan.
Stock stays near its yearly high
At USD 272.30 on October 7, Phillips 66 was 1.7 percent below its 52-week high of USD 277.12 and well above its USD 126.74 low. Market capitalization stood at USD 109.2 billion, while the session volume was 160,855 shares.
Phillips 66 stock key data
- Company: Phillips 66
- ISIN: US7185461040
- Ticker: PSX
- Trading venue: NYSE
- Price (as of October 7, 2026, 10:06 a.m. ET): USD 272.30
- Market capitalization: USD 109.2 billion (as of October 7, 2026)
- 52-week range: USD 126.74-277.12 (as of October 7, 2026)
- Sector / Industry: Energy / Oil and Gas Refining and Marketing
Upcoming dates for Phillips 66 stock
- October 28, 2026: Third-quarter financial results and investor webcast
