Phillips 66 Expects Fourth-Quarter Refining Turnaround Expense of $140 Million to $170 Million
Bitget2026/10/28 11:31- Phillips 66 expects fourth-quarter 2026 refinery crude utilization in the mid-90% range, compared with 98% in the third quarter.
- Turnaround expenses are forecast at $140 million to $170 million; corporate and other costs are projected at $350 million to $380 million.
- Chemicals global olefins and polyolefins utilization is expected in the mid-80% range.
- Midstream projects are expected to support mid-single-digit adjusted EBITDA growth through the decade.
- The shareholder-return target remains above 50% of operating cash flow excluding working capital, which totaled $6.2 billion in the third quarter.
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