How to buy Phillips 66 shares

Learn how to easily invest in Phillips 66 shares.

Phillips 66 (PSX) is a publicly traded oil and gas refining and marketing business based in the US which employs around 14,000 staff. Phillips 66 is listed on the NYSE and traded in US dollars. Its current price of $115.83 is 10.5% down on its price a month ago ($129.47).

How to buy shares in Phillips 66

  1. Open a brokerage account. Choose from our top broker picks or compare brokers in depth. Then, complete an application.
  2. Fund your account. Add money to your account via bank transfer, debit card or credit card.
  3. Search the platform by ticker symbol. PSX in this case.
  4. Choose an order type. Place a market order or limit order with your preferred number of shares or dollar amount.
  5. Submit the order. It's that simple.
The whole process can take as little as 15 minutes. You'll need a smartphone or computer, an internet connection, your passport or driving licence and a means of payment.

Our top picks for where to buy Phillips 66 shares

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Fees calculator for buying Phillips 66 shares with popular apps

Both exchange rates and share prices fluctuate in real time, so the costs estimated here should be considered as a guide only. They don't factor in spreads, which can be hard to pin down. Always refer to the platform itself for availability and pricing.

Quantity of shares

10
Platform Finder Score Account fee Min. initial deposit Trade cost Link
eToro logo
9 Excellent
£0 $100 £919.00
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Freetrade logo
9.1 Excellent
£0 £1 £921.19
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XTB logo
9 Excellent
£0 £0 £916.72
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CMC Invest logo
9 Excellent
£0 £0 £916.72
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Hargreaves Lansdown logo
8.5 Great
£0 (0.45% for funds) £1 £933.23
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Full comparison of share dealing platforms

These providers cover a wide range of stocks, but we can't guarantee they'll all offer this stock.

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.


Alternative ways to invest in Phillips 66

Buying shares in just one company is generally considered a riskier bet than investing in a range of investments - AKA a "diversified portfolio". Experts generally recommend holding a mix of investments in specific assets and funds. Funds are ready-made portfolios of multiple companies' shares (potentially including Phillips 66), and the idea is that drops in the value of one constituent company's share price might be offset by rises in others.

Phillips 66 is a major part of the NYSE, so it's included in many global funds and investment trusts, as well as tracker-style exchange traded funds (ETFs).

ETF5-year performance (to August 2024)Link to invest
Invesco S&P 500 (SPXP)Invesco icon94.07%Invest with XTBCapital at risk
Xtrackers S&P 500 Swap (XSPX)DWS Xtrackers icon93.77%Invest with XTBCapital at risk
iShares Core S&P 500 (CSP1)iShares icon91.84%Invest with XTBCapital at risk
HSBC S&P 500 (HSPX)HSBC icon80.38%Invest with XTBCapital at risk
Vanguard S&P 500 (VUSA)Vanguard icon79.29%Invest with XTBCapital at risk
SPDR S&P 500 ETF (SPX5)SPDR icon79.17%Invest with XTBCapital at risk

Is it a good time to buy Phillips 66 stock?

Review technicals and fundamentals to help you determine if now's a good time for you to invest.

Technical analysis

View Phillips 66's price performance, share price volatility, historical data and technicals.

Use our graph to track the performance of PSX stock over time.

Historical closes compared with the last close of $115.83

1 week (2024-12-10) -13.14%
1 month (2024-11-17) -10.54%
3 months (2024-09-17) -17.87%
6 months (2024-06-17) -22.25%
1 year (2023-12-17) 8.06%
2 years (2022-12-17) 24.16%
3 years (2021-12-17) 55.22%
5 years (2019-12-17) 24.83%

The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.

Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.

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All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.


Is Phillips 66 under- or over-valued?

Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Phillips 66 P/E ratio, PEG ratio and EBITDA.

Phillips 66's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 11x. In other words, Phillips 66's shares trade at around 11x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

However, Phillips 66's P/E ratio is best considered in relation to those of others within the industry or those of similar companies.

Phillips 66's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.731. A PEG ratio below 1 can be interpreted as meaning the shares are not overvalued given the current rate of growth.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Phillips 66's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

However, it's sensible to consider Phillips 66's PEG ratio in relation to those of similar companies.

Phillips 66's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $7.8 billion (£6.1 billion).

The EBITDA is a measure of Phillips 66's overall financial performance and is widely used to measure a its profitability.

To put that into context you can compare it against similar companies.

Frequently asked questions

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.


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