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Stock impact report

Earnings Insight: Oil Refiners See Sharp Declines To Q1 Estimates [Seeking Alpha]

Phillips 66 (PSX) 
Last phillips 66 earnings: 5/1 07:00 am Check Earnings Report
Company Research Source: Seeking Alpha
Oil refiners face a lower oil price environment which will compress refining margins. The three largest refiners in the U.S. - Phillips 66, Valero Energy, and Marathon Petroleum - have all seen significant earnings downgrades from sell-side analysts. Lakeview_Images/iStock via Getty Images By Tajinder Dhillon Energy companies are facing a double headwind: proposed tariffs that threaten to dampen demand, and an unexpected increase in OPEC production that could raise global supply and place additional downward pressure on oil prices. Recommended For You Show less Read more
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