Phillips 66 shares fall 1.60% premarket after BofA downgrades to Neutral due to refinery operational issues.
ByAinvest
Wednesday, Sep 3, 2025 7:55 am ET1min read
PSX--
Phillips 66 fell 1.60% in premarket trading, following a downgrade by BofA from Buy to Neutral. The downgrade was attributed to operational issues at Phillips 66's Borger refinery and Citgo's Corpus Christi refinery, which reported a sudden unplanned shutdown due to the loss of a control valve, resulting in flaring and carbon monoxide emissions.
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet