US EditionPhillips 66 (PSX): 150-Year-Old Company Hits $60 Billion Market Cap at 8x P/E
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Phillips 66 (PSX): 150-Year-Old Company Hits $60 Billion Market Cap at 8x P/E
Founded when Ulysses S. Grant was president. Still growing when AI rules the world. This 150-year-old American institution just hit $60 billion in market cap – and somehow the market prices it at recession-level multiples. You know the name. You’ve probably used its products dozens of times. But you’ve likely never thought of it as a dividend-paying powerhouse trading at 8x forward earnings. While tech companies burn cash at 25x multiples, this …
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