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Phillips 66 sees nearly $1 billion in losses as oil prices surge

Phillips 66 estimated nearly $1 billion in losses from its short position in oil and other related commodity derivative contracts in the first quarter as the war in Iran sent crude and fuel prices skyrocketing.

will kubzansky

via Eagletribune

April 7, 2026 | 1:56 AM UTCUpdated 1h ago

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Phillips 66 sees nearly $1 billion in losses as oil prices surge

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Phillips 66 sees nearly $1 billion in losses as oil prices surge

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