April 6 (Reuters) - Phillips 66 said on Monday that its first-quarter results were hit by nearly $900 million in pre-tax mark-to-market losses, as a sharp rise in commodity prices weighed on the refiner.
Phillips 66 is an oil group organized into 4 divisions:
- trading and distribution of petroleum products (63.1% of net sales): operation, at the end of 2024, of a network of approximately 8,740 service stations located in the United States (7,450; Phillips 66, Conoco and 76 brands) and Europe (1,290). The group also develops manufacturing and sale of specialized products, and electricity production activities;
- refining (24.3%): operation of 11 refineries located in the United States (8) and Europe (3);
- processing, transportation and storage of petroleum products and natural gas (11.2%);
- production of renewable fuels (1.4%).
Net sales break down by activity as follows: the United States (79.4%), the United Kingdom (8.9%), Germany (3.7%) and other (8%).
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