Phillips 66 expects heavy maintenance at refineries in first quarter
ReutersJan 31, 2025 2:47 PM
Jan 31 (Reuters) - Phillips 66 PSX.N said on Friday it expects refining crude utilization to be at the low 80% in the current quarter, compared with 92% utilization a year ago.
The refiner also forecasts the turnaround expense to be between $290 million and $310 million for the quarter ending March 31, more than double than that of $124 million a year earlier.
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