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On June 20, 2025,
(PSX) experienced a significant decline, with its trading volume dropping by 47.53% to 3.79 billion, ranking 236th in the day's market activity. The stock price decreased by 0.03%.Phillips 66, an energy manufacturing and logistics company, operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties. The company's diverse operations include the production of ultra-low-sulfur diesel, gasoline, jet fuel,
, and other refined products. Its logistics segment is responsible for delivering crude shipments to refineries and exporting finished products.Recent developments include Chevron Corp.'s interest in acquiring Phillips 66's stake in a chemical venture. This potential acquisition could significantly impact Phillips 66's market position and financial performance. Additionally, Janney Montgomery Scott LLC recently sold 2,441 shares of Phillips 66, which may indicate a shift in investor sentiment or strategic adjustments within the company's portfolio.
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