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Phillips 66 Expects Fourth-Quarter Refining Turnaround Expense of $140 Million to $170 Million

By Public Technologies
  • Phillips 66 expects fourth-quarter 2026 refinery crude utilization in the mid-90% range, compared with 98% in the third quarter.
  • Turnaround expenses are forecast at $140 million to $170 million; corporate and other costs are projected at $350 million to $380 million.
  • Chemicals global olefins and polyolefins utilization is expected in the mid-80% range.
  • Midstream projects are expected to support mid-single-digit adjusted EBITDA growth through the decade.
  • The shareholder-return target remains above 50% of operating cash flow excluding working capital, which totaled $6.2 billion in the third quarter.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phillips 66 published the original content used to generate this news brief on October 28, 2026, and is solely responsible for the information contained therein.

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