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Phillips 66 CEO Mark Lashier warned of greater refining and petrochemical earnings volatility from Hormuz disruptions - Energy News Beat
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Phillips 66 CEO warns of refining, petrochemical earnings volatility from Hormuz disruptions
Phillips 66 trims refining costs and raises high-value yields by leveraging integration and logistics to reduce exposure to volatility in the Strait of Hormuz. Read further on how this plan will affect North American refineries.
Phillips 66 CEO Mark Lashier warned of greater refining and petrochemical earnings volatility from Hormuz disruptions - Energy News Beat
Phillips 66 Chairman and CEO Mark Lashier issued a clear warning on June 24, 2026, at the Reuters Global Energy Forum in New York: refining and petrochemical earnings face greater volatility due to ongoing uncertainty from disruptions in the Strait of Hormuz. Lashier highlighted how uncertainty in crude supply and shipping lanes causes refining margins (crack spreads) to swing sharply in both directions. This shifts the story from simple crude p…
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