Phillips 66 Plans To Perform Discretionary Maintenance On Refineries In Q3; Says Crude Utilization Reached 98% In Q2, Highest In Over 5 Years
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Phillips 66 plans to perform discretionary maintenance on its refineries in Q3. The company reported that crude utilization reached 98% in Q2, the highest in over 5 years.
July 30, 2024 | 5:02 pm
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Phillips 66 plans to perform discretionary maintenance on its refineries in Q3. The company reported that crude utilization reached 98% in Q2, the highest in over 5 years.
The announcement of discretionary maintenance in Q3 may temporarily impact refinery output, potentially affecting short-term revenues. However, the high crude utilization rate in Q2 indicates strong operational performance, which could mitigate negative impacts.
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