Phillips 66 Hits Record 41% Distillate Yield in Third Quarter
Phillips 66 raised its distillate yield to an all-time high of 41% in the third quarter, maximizing diesel output amid strong margins during the Middle East conflict.
Phillips 66, which operates 11 oil refineries in U.S. and Europe, increased its distillate yield to an all-time high of 41% during the third quarter, as the company maximized diesel fuel output in response to strong margins amid the Middle East conflict, Executive Vice President of Refining Rich Ha…