Phillips 66, (PSX, 41.39)an independent downstream energy company, engages in the refining and marketing, midstream, and chemicals businesses. The company purchases, refines, markets, and transports crude oil and petroleum products primarily in the United States, Europe, and Asia; and owns or leases various transportation assets, such as pipelines and terminals, marine and inland vessels, railcars, and trucks for the delivery of crude oil, refined products, natural gas, and NGL, as well as engages in power generation activities, and lubricants and other specialty products businesses. Its last quarter's EPS is $2.23 vs. $1.78 as estimated. Its PE ratio is only 5.32 and provides a dividend of $0.80 (yield=1.93).In addition, Warrent Buffett just adds PSX as his core holding. Buy it at $39.76-$40.76, sell it $46-47 and stop loss at 38.27.

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