Phillips 66


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Phillips 66: Potential For Expanded Flexibility With Trans Mountain Pipeline & Other Major Developments


Phillips 66 reported its first-quarter earnings for fiscal 2024, emphasizing progress in strategic areas, despite some obstacles encountered during the quarter. Mark Lashier, President and CEO, noted strong crude utilization rates during the quarter. However, maintenance work limited the company’s ability to produce higher-value products, impacting the results. There was also an impact from the renewable fuels conversion at Rodeo, along with the effect of rising commodity prices on the inventory hedge positions.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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