Hormuz Escalation Pays Refiners And Tankers Again

Phillips 66 and DHT Holdings are positioned to benefit from ongoing Middle East tensions, with elevated crack spreads and tanker rates likely through the end of 2026. PSX delivered $9.41 EPS and $3B adjusted pre-tax income, with management guiding for strong refining margins and increased buybacks through 2027.

Source: Seeking Alpha

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Category General

Source Seeking Alpha

Published 3 weeks ago

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News ID #12,716

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