Is the Lindsey refinery restarting operations under Phillips 66?

No. Phillips 66 plans to keep the plant mothballed and integrate selected assets into its nearby Humber site. That means no standalone restart of crude runs at Lindsey in the near term. The company will update plans by March, when current employment assurances are due for review.

How could this move affect UK fuel prices and supply?

With Lindsey not restarting, UK refining capacity remains constrained, so import reliance for diesel and jet stays high. Prices will still follow global crude, shipping, and crack spreads. The near‑term supply risk rises during maintenance seasons, making storage levels and emergency stock policies more important.

What should UK investors watch next for PSX stock?

Focus on the 4 Feb 2026 results for synergy run‑rate, capex, and any asset write‑down timing. Track European refining margins, Humber reliability, and management’s capital returns. Technicals show a near‑overbought setup, so execution updates and cash flow guidance may drive the next leg in sentiment.

Is PSX stock a buy after the Lindsey news?

Analysts are mixed: 8 Buy, 9 Hold, with a consensus Hold and a $141 median target (high $171). At $137.95 and a 3.47% yield, valuation leans full without synergy detail. Many UK investors may wait for earnings to confirm cash flow and integration milestones.

Global Market Insights

PSX Stock Today: January 07 – Buys UK Lindsey Assets, Mothballs Refinery

ByHuzaifa Zahoor January 8, 2026January 8, 2026

PSX stock is in focus after Phillips 66 agreed to buy the Lindsey oil refinery assets in Lincolnshire out of administration, with plans to fold parts into its nearby Humber site rather than restart the plant. That choice signals tighter UK refining capacity and potential efficiency gains. For UK investors, we note upcoming earnings on 4 Feb 2026 at 13:30 GMT and watch for capex, synergy, and staffing updates. Track PSX for guidance on European margins and Humber refinery integration.