Phillips 66 CEO Mark Lashier warned that Strait of Hormuz disruptions are increasing refining margin volatility. The company is reducing costs by $1 per barrel while anticipating a structural rise in
ccin · 2026-06-30 00:00
Phillips 66 CEO Mark Lashier warned of earnings volatility in refining and petrochemicals due to Strait of Hormuz disruptions, while highlighting cost reductions and improved operational yields.
reuters · 2026-06-24 08:44
Phillips 66 CEO Mark Lashier warned that clearing crude oil trapped in the Strait of Hormuz will be prolonged due to full storage tanks, though market responses prevented prices from spiking to $200 p
reuters · 2026-06-23 07:27
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