Phillips 66 names refining chief: Phillips 66 stock gains 2.16 percent

Published on 10/07/2026 at 15:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs lifted its target to USD 274 from USD 245 on October 1, 2026. Phillips 66 stock costs EUR 245.50 versus EUR 240.30 on October 7, 2026.

Flatlay mit Aktienzertifikat, ISIN-Karte US7185461040, Rohölprobe und Pipeline-Modellsegment — Phillips 66 (US7185461040) illustriert dieses Flatlay mit Aktienzertifikat, ISIN-Karte, Rohölprobe und Pipeline-Modell, Illustration mit AI erstellt.

Phillips 66 (ISIN US7185461040) was trading at EUR 245.50 at Lang & Schwarz on October 7, 2026 at 3:32 p.m. CEST, plus 2.16 percent versus the prior close of EUR 240.30. The company is changing its refining leadership as it prepares for its next quarterly report.

Refining transition starts in January

According to StockTitan on October 5, 2026, refining executive vice president Rich Harbison will retire on December 31, 2026, while Chris Chandler will become executive vice president of Refining on January 1, 2027.

Chandler joined Phillips 66 as strategic adviser to the CEO on October 6, 2026. The move gives the refining division a successor with more than 30 years of energy-industry experience, including more than 20 years in leadership roles at Phillips 66, according to StockTitan.

Second-quarter earnings set the bar

Phillips 66 reported USD 52.04 billion in revenue and USD 3.85 billion in earnings for the second quarter of fiscal 2026, with a 7.39 percent profit margin, according to Stock Analysis. The figures give investors a concrete benchmark before the company reports third-quarter results.

Phillips 66 will release those third-quarter 2026 results on October 28, 2026, and host a webcast at noon ET, according to Business Wire. That date places operating performance and refining margins back at the center of the stock story.

Stock stays near its yearly high

Finance data showed the NYSE-listed shares at USD 274.02 at 9:37 a.m. EDT on October 7, 2026, versus a USD 269.79 prior close. The USD 277.12 52-week high was 1.12 percent above that exchange quote, while market capitalization stood at USD 109.9 billion.

Goldman Sachs raised its price target from USD 245 to USD 274 on October 1, 2026, while maintaining a Neutral rating, as shown on Yahoo Finance. The target change places management execution and refining profitability ahead of the October results as the next measurable test.

Euro quote gains 2.16 percent

Phillips 66 was trading at EUR 245.50 at Lang & Schwarz on October 7, 2026 at 3:32 p.m. CEST, up 2.16 percent versus the Lang & Schwarz prior close of EUR 240.30 on October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of Phillips 66 stock.