Ahead of next week’s board meeting let’s revisit the 1 year returns for PSX and their peers:
PSX: +108%
VLO: +150%
MPC: +166%
PBF: +209%
6 replies (most recent on top)
How long is the BoD going to continue to let Go Go take us down this road to nowhere?
@pf, PBF has reached a new 52 week high.
Another big day in refining stock performance and another day PSX is lagging.
@OP, another thing for us to think about is market cap. While it is true that PSX, VLO, and MPC have similar market caps, with VLO and MPC having slightly higher caps, they do not have large midstream and chemical assets.
So, they’re doing more with less and the market is giving very little value for our chemicals and midstream businesses.
@OP Now, now…….remember that PSX is now an integrated super major on par with XOM, RDS, TOTSA and CVX. Because KM, SM and one middling UBS sell side analyst (who likely is gunning for a board seat when Leggate steps away or the head of IR job with PSX in the future) say so!
Not a refiner/marketer. (Until of course, moving the bar makes sense relative to PSU’s & RSU’s again).
One thing to know is that VLO made a lot more money last quarter on a lot less revenue.
Yet, Go-Go and the ELT claim that Business Malformation is a huge success.
We’ve had Malformation inflicted on us for how many years now and we’ve consistently lost ground as measured against our 2 main peers.