{"id":334071,"date":"2026-02-05T22:20:03","date_gmt":"2026-02-06T02:20:03","guid":{"rendered":"https:\/\/inspenet.com\/noticias\/phillips-66-beats-forecasts-and-returns-to-positive-territory-thanks-to-improved-margins\/"},"modified":"2026-02-05T22:31:16","modified_gmt":"2026-02-06T02:31:16","slug":"phillips-66-beats-forecasts-and-returns-to-positive-territory-thanks-to-improved-margins","status":"publish","type":"noticias","link":"https:\/\/inspenet.com\/en\/news\/phillips-66-beats-forecasts-and-returns-to-positive-territory-thanks-to-improved-margins\/","title":{"rendered":"Phillips 66 beats forecasts and returns to positive territory thanks to improved margins"},"content":{"rendered":"\n

At the end of the fourth quarter, Phillips 66<\/strong> achieved results that were above market expectations, supported by a sustained recovery of refining margins in the United States.<\/p>\n\n

Indicators favor Phillips 66’s market position<\/h2>\n\n

In this context, the operating environment showed signs of normalization after a complex 2024 for the industry, with refining differentials starting to move away from multi-year lows.<\/p>\n\n

On the other hand, the company’s realized margin increased to US$12.48 per barrel, allowing the refining business to return to an adjusted profit, following the losses seen a year earlier.<\/p>\n\n

Capacity utilization remained close to the technical maximum, reflecting stable operations and better absorption of fixed costs within the group’s plants.<\/p>\n\n

In parallel, Phillips 66 advanced its financial strategy by reducing debt during the quarter, while assuming higher reorganization expenses related to its portfolio adjustment and operating efficiency.<\/p>\n\n

Finally, the sectoral scenario points to additional relief in raw material costs, driven by the partial reactivation of Venezuelan crude oil flows. Venezuelan crude flows to U.S. Gulf refineries<\/a><\/strong> to refineries in the U.S. Gulf, a factor that could support margins in the short term.<\/p>\n\n

Source and photo: Phillips 66<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The level of capacity utilization remained close to the technical maximum, reflecting a stable operation.<\/p>\n","protected":false},"author":8404,"featured_media":334061,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categoria_noticias":[13026,13036],"etiqueta_noticias":[],"class_list":["post-334071","noticias","type-noticias","status-publish","has-post-thumbnail","hentry","categoria_noticias-energy","categoria_noticias-oil-and-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/334071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias"}],"about":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/types\/noticias"}],"author":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/users\/8404"}],"replies":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/comments?post=334071"}],"version-history":[{"count":0,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/334071\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media\/334061"}],"wp:attachment":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media?parent=334071"}],"wp:term":[{"taxonomy":"categoria_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/categoria_noticias?post=334071"},{"taxonomy":"etiqueta_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/etiqueta_noticias?post=334071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}