July 31 (Reuters) - Phillips 66:

* PHILLIPS 66 - ACROSS OUR BUSINESSES, WE'VE SEEN DEMAND RECOVERY FROM THE TROUGH, ALTHOUGH UNCERTAINTY REMAINS FOR SECOND HALF OF THE YEAR- CEO GREG GARLAND, CONF CALL

* PHILLIPS 66 - IN Q2 FREEPORT LPG EXPORT FACILITY AVERAGED 11 CARGOES PER MONTH, AND THE FRACTIONATOR RAN AT 92% UTILIZATION

* PHILLIPS 66- EXPECTS 2020 ADJUSTED CAPITAL SPENDING TO BE ABOUT $2.9 BILLION AS IT CONTINUES TO OPTIMIZE ITS CAPITAL PROGRAM - CONF CALL

* PHILLIPS 66: IN CHEMICALS, EXPECT THE Q3 GLOBAL O&P UTILIZATION RATE TO BE IN THE MID-90S- CONF CALL

* PHILLIPS 66: IN REFINING, CRUDE UTILIZATION WILL BE ADJUSTED ACCORDING TO MARKET CONDITIONS- CONF CALL

* PHILLIPS 66: EXPECT Q3 PRETAX TURNAROUND EXPENSES TO BE BETWEEN $50 MILLION AND $70 MILLION- CONF CALL

* PHILLIPS 66: ANTICIPATE Q3 CORPORATE AND OTHER COSTS TO COME IN BETWEEN $220 MILLION AND $230 MILLION PRETAX- CONF CALL

* PHILLIPS 66: SEE DEMAND ON GASOLINE RIGHT NOW AT ABOUT 15% OFF, MUCH BETTER THAN THE 50% IN APRIL - CONF CALL

* PHILLIPS 66: EXPECTING A STRONG HARVEST SEASON THIS FALL TO SUPPORT DISTILLATE DEMAND- CONF CALL

* PHILLIPS 66: DISAPPOINTED BY A POSITION THAT'S TAKEN ON A PIPELINE (DAPL) THAT HAS RUN FOR 3 YEARS AND HAS RUN SAFELY- CONF CALL

* PHILLIPS 66: GOING TO BE "A LITTLE MORE CAUTIOUS" AS CO LOOKS AT TRANSMISSION LINES- CONF CALL

* PHILLIPS 66: ON WCS DIFFERENTIALS, CO THINKS IN SEPTEMBER AND OCTOBER, PRODUCTION WILL BE GREATER THAN THE PIPELINE CAPACITY TAKEAWAY - CONF CALL

* PHILLIPS 66: EXPECT TO SEE WCS DIFFERENTIALS START TO WIDEN CLOSER TO RAIL ARMS IN SEPTEMBER AND OCTOBER- CONF CALL

* PHILLIPS 66: ON CARBON TAX, CO SAYS IT NEEDS TO BE DONE AT CONGRESS; THEY NEED TO LEGISLATE A CLIMATE PROGRAM- CONF CALL

* PHILLIPS 66: INVESTABLE OPPORTUNITIES IN MIDSTREAM IN '21 AND '22 ARE PROBABLY GOING TO BE LESS THAN WHAT WOULD HAVE ANTICIPATED - CONF CALL Source text for Eikon: Further company coverage: