Phillips 66 and Halliburton have surged 33.7% and 56.4% over the past year, outperforming the broader oil-energy sector, and may continue their upward trajectory even as crude prices have fallen below $70 per barrel from over $100 in May. Phillips 66, a leading refiner with diversified midstream and chemicals operations, benefits from lower crude costs and stable cash flows that insulate it from commodity volatility. Halliburton, a top oilfield services provider, stands to gain as current oil prices remain above shut-in levels, supporting upstream activity and demand for its completion, production, drilling, and evaluation services. Both large-cap stocks carry a Zacks Rank of 2, or Buy.
Halliburton CompanyOil prices above shut-in levels support upstream activity, boosting demand for Halliburton's services.
Phillips 66Lower crude costs benefit Phillips 66's refining margins and cash flows.