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Phillips 66 (PSX) and Kinder Morgan Advance Western Gateway Pipeline Project

Phillips 66 (NYSE:PSX) is one of the 10 Stocks to Buy on a Pullback.

On April 20, 2026, Phillips 66 (NYSE:PSX) and Kinder Morgan announced progress on the Western Gateway Pipeline after a successful second open season secured sufficient long-term shipper commitments to advance the project, pending final agreements and board approvals. The proposed system will link Midwest and Gulf Coast refinery supply to Phoenix, Arizona, and California markets, with additional connectivity to Las Vegas via Kinder Morgan’s CALNEV Pipeline. The project includes a new pipeline from Borger, Texas, to Phoenix, along with the reversal of Kinder Morgan’s existing SFPP pipeline to enable east-to-west product flows into California. The Gold Pipeline, currently running from Borger to St. Louis, will also be reversed to support supply into the system. The project is targeting an in-service date of mid-2029.

Pixabay/Public Domain

Earlier in April, Piper Sandler raised its price target on Phillips 66 to $177 from $168 while maintaining a Neutral rating, reflecting updated estimates based on recent trading trends, commodity pricing, and operating assumptions. The firm continues to see earnings tailwinds into 2026 and remains constructive on the broader refining outlook.

Similarly, Barclays raised its price target on Phillips 66 to $177 from $158 and kept an Equal Weight rating, citing benefits from commodity price tailwinds and what it views as a structurally higher valuation for the company’s energy infrastructure assets.

Phillips 66 (NYSE:PSX) operates as a diversified downstream energy company with refining, midstream, and marketing operations globally.

While we acknowledge the risk and potential of PSX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PSX and that has 10,000% upside potential, check out our report about the cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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