Phillips 66 set to gain from global refined product shortages amid geopolitical tensions

Phillips 66 is expected to benefit from a global scarcity of refined products caused by disruptions in Russian supply and instability in the Gulf region. The analyst rates Phillips 66 as a Buy with a 25% upside target, valuing it at a 12x price-to-earnings multiple, which is higher than the market consensus. The current elevated crack spreads, which boost refining margins, are anticipated to persist longer than expected, supporting stronger forward earnings. Key risks include a quick resolution of energy supply issues or the Ukraine conflict, but ongoing geopolitical tensions suggest continued tight supply conditions.

As of Oct 13, 2026 22:51 WIB, Phillips 66 (PSX) trades at USD 289.65 on Pluang, showing a 1-day gain of 2.91%. The stock's market capitalization stands at $112.31 billion, reflecting strong investor interest. Pluang data also shows a 100% buy order activity, indicating bullish sentiment among its users.