Phillips 66 CEO Says There's Little Incentive To For U.S. To Cut Back In Refinery Crude Runs
Portfolio Pulse from Benzinga Newsdesk
Phillips 66 CEO stated at the JP Morgan Conference that there is little incentive for the U.S. to cut back on refinery crude runs.
June 18, 2024 | 3:38 pm
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Phillips 66 CEO stated that there is little incentive for the U.S. to cut back on refinery crude runs, indicating stable or increased refinery activity.
The statement from the CEO suggests that Phillips 66 will likely maintain or increase its refinery crude runs, which could lead to stable or higher revenues. This is a positive indicator for the company's short-term stock performance.
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