Cost EfficiencyPhillips 66 ranks among the lowest operating cost refineries, which is considered the company's biggest strength.
Renewable Energy InitiativesThe startup of the Rodeo Renewed project and improvement in chemical demand from China are expected to drive performance, with the refinery being converted into one of the world’s largest renewable fuels facilities.
Shareholder ReturnsShareholder returns are supported by a significantly higher dividend payout ratio and an additional share repurchase authorization.