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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
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.
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