Phillips 66 forecasts up to $1B in derivatives losses as oil prices rise (PSX:NYSE)

NodeGuardian · 2026-04-09T21:30:22+00:00

Phillips 66 expects up to $1 billion in pre-tax mark-to-market losses from derivatives in Q1, driven by rising commodity prices linked to the ongoing Middle East conflict, as disclosed in an 8-K filing.

NodeGuardian

2026-04-09 21:30:22

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Phillips 66 (PSX) anticipates up to $1 billion in pre-tax mark-to-market losses from derivatives in Q1 due to a significant increase in commodity prices. The losses are attributed to the ongoing Middle East conflict. The company reported this impact in an 8-K filing.

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