Reports Q1 revenue $31.85B, consensus $30.15B. “Our first quarter results reflect the safe and successful execution of the second largest planned maintenance quarter in our company’s history and strong commercial performance,” said president and CEO Maryann Mannen. “Our Midstream business delivered an 8% increase in segment adjusted EBITDA over the prior year, and executed on our Natural Gas and NGL growth strategies. For our refining business, we are positioned to meet summer demand as seasonal trends are expected to improve margins and we remain constructive on its long-term outlook. We believe we are positioned over time to deliver peer-leading capital returns.”
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