Phillips 66 Plans To Run Refineries In The Mid-90% Range Of Capacity In Q4; Refining Margins Expected To Normalize At Higher Levels In Near And Medium Term; Refining Margins Likely To Remain Above Historical Normalized Levels; Return To Historical Refining Margins Would Reduce Benefit By About $1B
-Conference Call.
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Why It Matters
Phillips 66 will run its oil refineries very full in the last quarter. The company expects to make more money than usual from refining for a while.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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