Phillips 66 CEO Says Gasoline Demand Hasn't Hit Its Normal Driving Season Stride Yet
Portfolio Pulse from Benzinga Newsdesk
Phillips 66 CEO stated that gasoline demand has not yet reached its typical levels for the driving season during the JP Morgan Conference.
June 18, 2024 | 3:34 pm
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Phillips 66 CEO mentioned that gasoline demand has not yet reached its normal levels for the driving season, which could impact the company's short-term revenue expectations.
The statement from the CEO indicates a potential shortfall in expected gasoline sales, which could negatively impact Phillips 66's short-term revenues and stock price.
CONFIDENCE 90
IMPORTANCE 80
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