PSX · 10-Q · 2026Q2 · Full report

Renewable Fuels Credit Values

Phillips 66 · 2026-08-05 · Importance 51 · Surprise 64

Renewable Fuels results benefited from materially higher regulatory-credit values in the second quarter of 2026. California LCFS carbon credit prices increased to $68.65 per metric ton from $52.33, while biodiesel RIN prices rose to $2.12 per RIN from $1.08. CARB ultra-low-sulfur diesel prices also increased to $4.19 per gallon from $2.52, supporting market economics for renewable products produced at the Rodeo Renewable Energy Complex and Humber Refinery.

Key facts

• Biodiesel RIN was $2.12 and $1.08 per RIN for the three months ended June 30, 2026 and 2025, respectively (and $1.78 and $0.94 for the six months ended June 30, 2026 and 2025, respectively). source
• Chicago Board of Trade soybean oil was $0.73 and $0.49 per pound for the three months ended June 30, 2026 and 2025, respectively (and $0.66 and $0.47 for the six months ended June 30, 2026 and 2025, respectively). source
• California LCFS carbon credit was $68.65 and $52.33 per metric ton for the three months ended June 30, 2026 and 2025, respectively (and $67.07 and $59.30 for the six months ended June 30, 2026 and 2025, respectively). source