Phillips 66 Keeps Proving Why It's a Great Retirement Stock

Most people who are focused on investing for retirement want lower-risk stocks that offer a compelling blend of growth and income. This approach improves the probability that their stock portfolio will increase in value over time. That should help enlarge their nest egg so that they can thrive in their golden years.

One company that has proven to be an ideal investment for a retirement-focused portfolio is refining giant Phillips 66 (NYSE: PSX). It's established an excellent track record of both investing in projects that grow its operations while at the same time returning boatloads of cash to its shareholders. That trend appears poised to continue, given its recent reaffirmation of its strategy.

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Source Fool.com