Phillips 66 expects 2020 adj. capital spending to be about $2.9 bln - conf call

Phillips 66 - across our businesses, we've seen demand recovery from the trough, although uncertainty remains for second half of the year- ceo greg garland, conf call.phillips 66 - in q2 freeport lpg export facility averaged 11 cargoes per month, and the fractionator ran at 92% utilization.phillips 66- expects 2020 adjusted capital spending to be about $2.9 billion as it continues to optimize its capital program - conf call.phillips 66: in chemicals, expect the q3 global o&p utilization rate to be in the mid-90s- conf call.phillips 66: in refining, crude utilization will be adjusted according to market conditions- conf call.phillips 66: expect q3 pretax turnaround expenses to be between $50 million and $70 million- conf call.phillips 66: anticipate q3 corporate and other costs to come in between $220 million and $230 million pretax- conf call.phillips 66: see demand on gasoline right now at about 15% off, much better than the 50% in april - conf call.phillips 66: expecting a strong harvest season this fall to support distillate demand- conf call.phillips 66: disappointed by a position that's taken on a pipeline (dapl) that has run for 3 years and has run safely- conf call.phillips 66: going to be "a little more cautious" as co looks at transmission lines- conf call.phillips 66: on wcs differentials, co thinks in september and october, production will be greater than the pipeline capacity takeaway - conf call.
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