Buy Phillips 66 Shares

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How COVID-19 has impacted Phillips 66 and measures they’ve taken as a business to combat it. Read on below.

Phillips 66 Shares

Our aim is to help you buy Phillips 66 shares armed with as much research and information as possible.

Below we’ve aggregated up to date information on Phillips 66 including a detailed coronavirus section, full company information and live share prices and trend graphs. We’ve also added a step by step guide showing you exactly how to buy Phillips 66 shares.

About Phillips 66

Phillips 66 is an energy-producing and logistics company focusing on oil refining, oil marketing, midstream, and chemicals.  

Phillips 66 has something of a legacy, so far running for the past 140 years, making it one of the oldest yet most innovative energy-producing companies in the world.

The company was founded and named after the Phillips brothers – Frank and L.E. Phillips. The Vanguard Group (Inc) currently holds the highest shares of Phillips 66 with a 8.58% stake.

How Coronavirus has impacted Phillips 66 share price

Phillips 66 has been adapting to life in COVID-19 much like the rest of the world. Though they haven’t just sat on the sidelines having so far invested in relief efforts for the virus despite the oil industry taking something of a downturn.

March 27th

The coronavirus pandemic has delayed Phillips 66 from carrying out planned maintenance of oil rigs. The energy company has postponed three vital projects.

APRIL 3rd

Phillips 66 partners LP offers shippers on its Gray Oak crude oil pipeline system located in Texas. This is because of a pressing need for tank space caused by the pandemic.

APRIL 4th

Phillips 66 donated $3 million to help relief efforts in the U.S and the U.K to fight the spread of coronavirus.

April 15TH

Officials from Phillips 66 said that the energy giant would contribute $20,000 to coronavirus relief efforts ongoing in the Central Coast, offering support for the Foodbank of Santa Barbara County precisely for Santa Maria.

Meanwhile Reuters predicts that the oil giant will cut down its deliveries by 15% because of the coronavirus pandemic. The company president Jim Wilkes said that they have never been in a situation where they weren’t able to sell the oil they produce, and that is expected to happen.   

April 22nd

County organizations in the U.S will get $50,000 in grants from Phillips 66 to help out in their COVID-19 response.

How to buy Phillips 66 shares

It’s a very simple and straightforward process to getting started and owning a share of Phillips 66. Our step by step guide below will show you just how easy.

1. Pick a share trading platform.
We’ve provided a selection below to help you choose (many come with an app that you can manage from your phone).

2. Open an account with your chosen trading platform.
As with any account you’l be required to identify yourself with some personal details to make sure you are who you say you are.

3. Add a payment method.
You’ll be securely transferring money to your share trading platform in order to buy the shares, so you’ll need to add a way to pay.

4. Search for the company you want to buy shares in.
Each share trading platform has a simple way to locate the company you’ve identified.

5. Buy the shares.
Make sure you check the share price of the company you’re investing in and how much you’re investing (and ensure you’re happy with both) before you click the ‘buy’ button.

And that’s it, you’re now a shareholder. Congratulations!

Always remember that the value of your investments can go down as well as up. There’s a chance you may end up with less than you begin with. Capital is at risk.

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