PSX Jan 2025 47.500 call
| Previous Close | 66.10 |
| Open | 66.20 |
| Bid | 72.80 |
| Ask | 75.30 |
| Strike | 47.50 |
| Expire Date | 2025-01-17 |
| Day's Range | 66.10 - 66.20 |
| Contract Range | N/A |
| Volume | |
| Open Interest | N/A |
- Reuters
UPDATE 2-Phillips 66 misses first-quarter profit estimates on weaker margins
Refiner margins have scaled back from the peaks achieved after Russia's invasion of Ukraine in 2022, amid a rise in global refining capacity that has led to a drop in fuel prices. The company said its realized margins fell about 47% to $10.91 per barrel in the first quarter from a year earlier, led by nearly a 50% decline in Gulf Coast margins. The decline comes amid a push from activist investor Elliott, which revealed a $1 billion stake in the company last year, to address underperformance in refining and speed up cost cuts.
ReutersPhillips 66 misses first-quarter profit estimates on weaker margins
Refiner margins have scaled back from the peaks achieved after Russia's invasion of Ukraine in 2022, amid a rise in global refining capacity that has led to a drop in fuel prices. The company said its realized margins fell about 47% to $10.91 per barrel in the first quarter from a year earlier, led by nearly a 50% decline in Gulf Coast margins. The decline comes amid a push from activist investor Elliott, which revealed a $1 billion stake in the company last year, to address underperformance in refining and speed up cost cuts.
Business WirePhillips 66 Reports 1Q 2024 Financial Results, Highlights Strategic Priorities Progress
HOUSTON, April 26, 2024--Phillips 66, a leading diversified and integrated downstream energy company, announced first-quarter earnings of $748 million.
