Phillips 66 expects heavy maintenance at refineries in first quarter-March 2024-www.financetom.com

Phillips 66 expects heavy maintenance at refineries in first quarter

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Phillips 66 expects heavy maintenance at refineries in first quarter

Jan 31, 2025 7:17 AM

Jan 31 (Reuters) - Phillips 66 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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