Raytheon CEO bought this energy stock

After a strong 2022,

Philippians 66

The stock has recently slipped, and a director has bought shares of a diversified energy company on the open market.

Phillips 66 stock (ticker: PSX) up 44% in 2022—a strong year for energy—compared to a 19% decrease in

S&P 500 Index

But the stock started to slide days before the company reported weaker than expected fourth quarter earnings on Jan. 31. Phillips 66 stock is in the red year-to-date.


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