Phillips 66 executives forecast sustained high fuel margins through 2027 driven by tight refining fundamentals and geopolitical supply disruptions. Record Q2 earnings highlight elevated crack spreads
Phillips 66's Q2 profit surged nearly fourfold to $3.85 billion as Middle East tensions boosted U.S. refining margins and fuel exports. Major rivals similarly reported record earnings since 2022 amids
Phillips 66's board approved a $10 billion increase to its share repurchase program, supported by stronger fuel margins following tightened global supplies due to the Iran conflict.
Phillips 66 posted a surprise first-quarter profit driven by soaring refining margins amid Middle East supply disruptions, beating analyst estimates despite derivative losses. Adjusted earnings jumped
Phillips 66 agreed to acquire assets from the bankrupt Lindsey Refinery in the UK, intending to integrate core assets into its Humber Refinery to bolster energy security and preserve jobs.
ChemBrief