Phillips 66, H2 Energy to develop European hydrogen refueling network

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  • Phillips 66 (NYSE:PSX) says it formed a 50-50 joint venture with H2 Energy Europe to develop as many as 250 retail hydrogen refueling stations across Germany, Austria and Denmark by 2026.
  • The companies say the JV's future network of hydrogen refueling stations will comprise existing JET-branded retail stations as well as new locations on major transport routes; H2 Energy will be responsible for integrating hydrogen production, supply and the refueling apparatus through its wholly owned and affiliated entities.
  • H2 Energy recently unveiled plans to build a 1 GW electrolysis plant in Denmark capable of generating up to 90K metric tons/year of green hydrogen from electricity sourced from offshore wind.
  • Phillips 66 recently reported the first materially positive quarter for its refining activities in two years, with its remaining segments racking up record 2021 profits.

    For this year the company, based in Houston revenue will be around 154.46 billion USD. This is according to the average of the analysts' estimates. This is quite more than 2021's revenue of 111.48 billion USD.

    Historical revenues and results Phillips 66 plus estimates 2021

    financiële analyse

    The analysts expect for 2021 a net profit of 4.25 billion USD. The majority of the analysts expects for this year a profit per share of 8.23 USD. The PE-ratio therefore is 10.84.

    Huge dividend Phillips 66

    Analysts expect a dividend of 3.73 USD per share. The dividend yield is then 4.18 percent. The average dividend yield of the oil & gas producers is a relatively high 2.91 percent.

    Phillips 66 's market capitalization is based on the number of outstanding shares around 38.96 billion USD. 11

    On Monday the stock closed at 89.18 USD.

    Price data Phillips 66 2007-2021

    stock prices phillips66

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