Phillips 66 Partners is a limited partnership, which owns, operates, develops and acquires primarily fee-based midstream assets. Co. is engaged in providing fee-based transportation, terminaling, processing, storage and fractionation services. Co.'s equity affiliates are engaged in transporting and terminaling crude oil, refined petroleum products and natural gas liquids. We show 3 historical shares outstanding datapoints in our coverage of PSXP's shares outstanding history.
Understanding the changing numbers of PSXP shares outstanding — and
comprehending the concept of differing number of shares outstanding in general comparing companies like PSXP versus peers —
is critical for investors. Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies.
Furthermore, via issuance of new shares over time, or the repurchase of existing shares, the number of shares outstanding can fluctuate over the course of history.
With this page we aim to empower investors researching PSXP by allowing them to research PSXP shares outstanding history
as well as any other stock in our coverage universe. |
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Video: Shares Outstanding Importance
