Phillips 66 CFO Kevin Mitchell and EVP Refining Richard Harbison will participate in a fireside chat at Piper Sandler’s 26th Annual Energy Conference on March 17. They will discuss the company’s segment outlook, strategic execution across Midstream, Chemicals, Refining, Marketing and Specialties, and their disciplined capital allocation priorities. A live webcast will be available on the company’s investor website, with a replay and transcript provided after the event.

The 3-2-1 crack spread has climbed to approximately 40 dollars per barrel—about double normalized pre-conflict levels—driving theoretical annual refining margins toward 240 billion dollars. This margin expansion reflects global refining capacity declines and the U.S. operating the world’s largest refining complex. Phillips 66 and its peers are positioned to capture significant windfall profits as higher spreads persist.

Phillips 66 shares have surged to all-time highs as Brent crude and U.S. benchmark oil prices rebound to around 100 dollars per barrel. The combination of elevated crack spreads and robust crude prices has fueled investor optimism about the company’s earnings visibility. Market participants are watching for whether these conditions will sustain record refiners’ profitability.