PSX · News · 20260805N
Refining Capacity Outlook
Phillips 66 · 2026-08-05 · Importance 46 · Surprise 42 · In source text
Phillips 66 plans to operate its refineries at utilization in the mid-90% range of combined capacity during the third quarter of 2026. The company had operated at 96% utilization in the second quarter. Management’s operating plan indicates continued high throughput while product supply remains tight. The guidance is subject to crude availability, maintenance, demand, and refining-margin conditions.
Key facts
- Phillips 66 plans to operate refineries in the mid-90% range of their combined capacity in the third quarter of 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | probable | — | Phillips 66 plans to operate refineries in the mid-90% range of their combined capacity in the third quarter of 2026. |