Yahoo Finance

- By Ben Reynolds

(Published Feb. 1 by Bob Ciura)

Shares of oil refining giants Phillips 66 (PSX) and Valero Energy Corp. (VLO) have more than doubled in the past five years.

This might come as a surprise since the oil industry is currently in the midst of one of its worst downturns in decades.

Yet, Phillips 66 and Valero continue to pump out strong profits. Even better, they reward their shareholders with hefty dividend payouts.

• Warning! GuruFocus has detected 3 Warning Sign with PSX. Click here to check it out.

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