The following video is a segment from Wednesday's Energy Roundup, in which Motley Fool energy analysts Joel South and Taylor Muckerman dig deep into the biggest stories facing energy investors today.

In this segment, Joel and Taylor discuss the industrywide reasons behind Phillips 66's (NYSE:PSX) drop in net income and why they still like the business going forward.

Joel South and Taylor Muckerman have no position in any stocks mentioned. The Motley Fool recommends Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.