Form 8-K Phillips 66 For: Apr 06
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Phillips 66 reports $900 million mark-to-market losses in Q1 2026
April 6, 2026 4:17 PM EDTPhillips 66 (NYSE: PSX) disclosed preliminary first-quarter 2026 financial guidance showing approximately $900 million in pre-tax mark-to-market losses due to sharp increases in commodity prices during the quarter.
The losses resulted from the company's net short position in crude oil, refined petroleum products, natural gas liquids and renewables feedstocks-related derivative contracts. Phillips 66 maintained approximately 50 million barrels in net... More
