Watch for Phillips 66 to pursue more joint ventures in downstream marketing, based on comments from top brass in a fireside chat at the Bank of America energy conference this week.
Executive Vice President of Refining Rich Harbison told a moderator that Phillips wants to participate “all the way through” the value chain from the crude oil wellhead to the refinery to the pump. He cited the strength and advantage of the ventures and pointed to a desire to get more integration with core refining assets.
Phillips…
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