Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Phillips 66 and Marathon Petroleum (NYSE:MPC) reportedly held merger discussions earlier in 2026 over a combination that could have created an energy company worth roughly $180 billion.</li><li>The talks ultimately ended without a transaction, with potential antitrust complications reportedly among the major obstacles given the limited number of large standalone U.S. refiners.</li><li>Yet the scale of the proposed deal makes the discussions significant even after their collapse.</li></ul>

Phillips 66 and Marathon Petroleum (NYSE:MPC) reportedly held merger discussions earlier in 2026 over a combination that could have created an energy company worth roughly $180 billion.The talks ultimately ended without a transaction, with potential antitrust complications reportedly among the major obstacles given the limited number of large standalone U.S. refiners.Yet the scale of the proposed deal makes the discussions significant even after their collapse.

Phillips 66’s $180 Billion Mega-Merger Almost Happened—The Oil Deal That Could Have Reshaped U.S. Refining!

Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<ul>
 <li>
<a href="https://smartkarma.com/entities/phillips-66">Phillips 66</a>'s integrated model, with significant operations in Midstream, Chemicals, Refining, and Marketing, provides a diversified earnings stream that helps mitigate the volatility inherent in any single segment.</li>
 <li>The company's strategic focus on its U.S.-based asset footprint offers a competitive advantage through access to lower-cost North American hydrocarbon sources, enhancing margin potential.</li>
 <li>While demonstrating a commitment to shareholder returns through consistent dividend growth, the company faces significant risks from commodity price volatility, as evidenced by recent mark-to-market losses and fluctuating financial performance.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  
Phillips 66's integrated model, with significant operations in Midstream, Chemicals, Refining, and Marketing, provides a diversified earnings stream that helps mitigate the volatility inherent in any single segment.
  The company's strategic focus on its U.S.-based asset footprint offers a competitive advantage through access to lower-cost North American hydrocarbon sources, enhancing margin potential.
  While demonstrating a commitment to shareholder returns through consistent dividend growth, the company faces significant risks from commodity price volatility, as evidenced by recent mark-to-market losses and fluctuating financial performance.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

CEO / Founder, Crea8

Kim-Hwa Lim

CEO / Founder

Make an Impact

Crea8

Crea8 blends AI-driven precision, big data scalability, and rigorous quantitative frameworks with seasoned human insight. By extracting actionable intelligence from vast global datasets, we eliminate emotional bias and deliver optimal risk-adjusted returns. Our hybrid approach uncovers hidden market efficiencies and ensures your capital is dynamically positioned across markets.

Cross Asset Strategy

<ul><li>Dividend is a key component of overall returns.</li><li>The strategy seeks to invest in high dividend stocks globally.</li><li>By adopting a portfolio of stocks instead of individual stocks, the strategy is diversified across countries and industries; and optimised with respect to their expected risks and returns.</li></ul>

Dividend is a key component of overall returns.The strategy seeks to invest in high dividend stocks globally.By adopting a portfolio of stocks instead of individual stocks, the strategy is diversified across countries and industries; and optimised with respect to their expected risks and returns.

Global Editor, Base Oil News

Iain Pocock

Global Editor

Global Base Oils and Lubricants Markets

Base Oil News

Base Oil News focuses on the interplay between fundamentals and prices in the global base oils and lubricants markets.

Baseoilnews.com combines daily, weekly and monthly base oils and lubes fundamentals data from every region of the world to build the most comprehensive and up-to-date global picture of the state of the market.

The data and analysis provide key tools to understand current market developments and opportunities and to anticipate how the market is likely to behave in the coming months.

Base oils producers, lube blenders and consumers can then better plan accordingly.

Baseoilnews.com analyses and publishes market news and data every day as it breaks.

Commodities

<ul><li>Asia's spare capacity is filling gaps left by tighter US, European and Middle East supply, but recovering demand and fourth-quarter maintenance will test its limits.</li></ul><ul><li>Traditional suppliers are losing export availability, giving Asian producers more room to meet requirements in the US, Europe and other overseas markets.</li><li>The response spans the region, with South Korea, Taiwan, India, Singapore and China all sending cargoes beyond Asia.</li></ul>

Asia's spare capacity is filling gaps left by tighter US, European and Middle East supply, but recovering demand and fourth-quarter maintenance will test its limits.Traditional suppliers are losing export availability, giving Asian producers more room to meet requirements in the US, Europe and other overseas markets.The response spans the region, with South Korea, Taiwan, India, Singapore and China all sending cargoes beyond Asia.

Base Oils and Lubricants: Weekly Global Market Review - 25 Sep '26

<ul><li>Asian base oils exports have reduced the summer surplus in the region, with recovering demand and upcoming maintenance complicating any extension of those shipments to Europe and the Americas</li></ul><ul><li>Asia's summer surplus is smaller than usual as open arbitrage kept more barrels moving to the Americas and Europe.</li><li>Cargoes that loaded in July and August are now reaching those destinations, partially offsetting tighter US and Middle East supply.</li></ul>

Asian base oils exports have reduced the summer surplus in the region, with recovering demand and upcoming maintenance complicating any extension of those shipments to Europe and the AmericasAsia's summer surplus is smaller than usual as open arbitrage kept more barrels moving to the Americas and Europe.Cargoes that loaded in July and August are now reaching those destinations, partially offsetting tighter US and Middle East supply.

Base Oils and Lubricants: Weekly Global Market Review - 18 Sep '26

United States

Phillips 66 is a downstream energy company.  The Company's operations include oil refining, marketing and transportation.  Phillips 66's operations also include chemical manufacturing and power generation.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Phillips 66 (PSX US)

Phillips 66’s $180 Billion Mega-Merger Almost Happened—The Oil Deal That Could Have Reshaped U.S. Refining!

Phillips 66 and Marathon Petroleum (NYSE:MPC) reportedly held merger discussions earlier in 2026 over a combination that could have created an...

Baptista Research

Primer: Phillips 66 (PSX US) - Aug 2026

Phillips 66's integrated model, with significant operations in Midstream, Chemicals, Refining, and Marketing, provides a diversified earnings...

αSK Primers

Global Income Portfolio (14-Sep-2026)

Dividend is a key component of overall returns. The strategy seeks to invest in high dividend stocks globally. By adopting a portfolio of stocks...

Crea8

Base Oils and Lubricants: Weekly Global Market Review - 25 Sep '26

Asia's spare capacity is filling gaps left by tighter US, European and Middle East supply, but recovering demand and fourth-quarter maintenance...

Base Oil News

Base Oils and Lubricants: Weekly Global Market Review - 18 Sep '26

Asian base oils exports have reduced the summer surplus in the region, with recovering demand and upcoming maintenance complicating any extension...

Base Oil News

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)