Debt ManagementPSX reiterated a $17B debt target by YE27 from $21B currently, though will take a more proactive approach in pursuing that target over returning capital to shareholders.
Earnings And Financial PerformanceResults reflected stronger than expected chems and RD earnings that appeared sustainable.
Operational EfficiencyPSX has significantly expanded its organization, focusing on asset-backed trading to drive margin uplift across the refining, NGLs, chemicals, and renewable fuels value chain.