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BRIEF-Phillips 66 Expects Q1 Worldwide Crude Utilization Rate To Be About 90% In Refining Segment

In Refining Segment@

Jan 31 (Reuters) - Phillips 66:

* PHILLIPS 66 - EXPECTS Q1 GLOBAL O&P UTILIZATION RATE TO BE IN THE MID-90S IN CHEMICALS SEGMENT - CO EXEC,CONF CALL

* PHILLIPS 66 - EXPECT Q1 WORLDWIDE CRUDE UTILIZATION RATE TO BE ABOUT 90% IN REFINING SEGMENT - CO EXEC,CONF CALL

* PHILLIPS 66 - EXPECT Q1 PRETAX TURNAROUND EXPENSES TO BE BETWEEN $280 MILLION AND $330 MILLION

* PHILLIPS 66 - FOR 2020 PLANS FY TURNAROUND EXPENSES TO BE BETWEEN $630 MILLION AND $680 MILLION PRETAX

* PHILLIPS 66 - FOR Q4 2019 , THE TURNAROUND ACTIVITY WAS HEAVILY FOCUSED IN OCTOBER

* PHILLIPS 66 - SUSPECT SOME HEADWINDS ON CHEMICAL MARGINS AS WE MOVE INTO 2020 AND 2021, JUST FROM THE NEW CAPACITY COMING ON GLOBALLY Source text for Eikon: Further company coverage:

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