Phillips 66 Expects Soaring Fuel Margins to Last Into 2027

Phillips 66 executives said the company expects elevated fuel refining margins to continue through the first quarter of 2027. The company is among the largest U.S. refiners and processes crude oil into gasoline, diesel, and other petroleum products. Refining margins represent the difference between the cost of crude oil and the selling price of refined fuels. A Phillips 66 representative made the statement during a company earnings call or investor presentation, though the specific date was not provided in the source material.

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