Key Insights Phillips 66's estimated fair value is US$193 based on 2 Stage Free Cash Flow to Equity Current share price...
Investors should keep an eye on ET, KMI and PSX, as these energy players have raised their dividends/distributions and demonstrated a strong ability to continue returning value to shareholders.
Phillips 66 (PSX) focuses more on businesses like midstream, renewables and chemicals. This makes the company's business model more stable.