PSX · 10-Q · 2026Q2 · Full report

Marketing Margin Pressure

Phillips 66 · 2026-08-05 · Importance 40 · Surprise 56

Phillips 66’s Marketing and Specialties segment faced lower U.S. and international marketing fuel margins, mainly due to commodity derivative activity. Second-quarter realized marketing fuel margins were $1.82 per barrel in the U.S. versus $2.83 and $4.63 internationally versus $7.11. Marketing refined product sales were broadly stable, with gasoline sales of 1,277 thousand barrels per day and distillate sales of 2,329 thousand barrels per day.

Key facts

• Realized marketing fuel margins per barrel in the U.S. were $1.82 for the three months ended June 30, 2026 and $0.73 for the six months ended June 30, 2026. source
• Realized marketing fuel margins per barrel in International markets were $4.63 for the three months ended June 30, 2026 and $0.39 for the six months ended June 30, 2026. source