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This Nearly 8%-Yielding Oil Stock Remains Committed to Its Dividend

TheMotleyFool

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This Nearly 8%-Yielding Oil Stock Remains Committed to Its Dividend

Market conditions in the refinery sector remained incredibly challenging during the third quarter, which was evident in Phillips 66's (NYSE: PSX) earnings, or lack thereof. However, the oil refiner has offset some of that sector's challenges thanks to the diversification of its operations. Because of that and its strong financial profile, Phillips 66 remains committed to its nearly 8%-yielding dividend.

Metric

Q3 2020

Source Fool.com

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