Phillips 66 (PSX) Q3 2024 Earnings Call Highlights: Strategic Moves and Financial Performance

By Yahoo! Finance | Oct 30, 2024 at 03:13 AM EST

Phillips 66 decided to idle the Los Angeles Refinery due to market pressures, declining demand, and policy shifts away from fossil fuels. The company expects a stronger balance sheet by year-end, driven by asset sales. Despite inflation challenges, cost savings have been significant.

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