In the video below, Fool energy analysts Joel South and Taylor Muckerman discuss Phillips 66 (PSX 2.66%). The company, like many U.S. refiners, has had strong performance recently due to high margins from an abundance of cheap feedstock. The company beat on its earnings report and was able to maintain the strong margins investors were hoping for. Joel tells investors what Phillips 66's plans are for the near future, and what the company's distributions to shareholders will look like over the coming year.