Phillips 66 (NYSE:PSX)
$ 142.68 0.49 (0.34%) Market Cap: 60.49 Bil Enterprise Value: 79.07 Bil PE Ratio: 10.98 PB Ratio: 2.03 GF Score: 76/100
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Phillips 66 at JPMorgan Energy, Power, & Renewables Conference Transcript

Jun 21, 2023 / 03:20PM GMT
Release Date Price: $93.28 (-0.21%)
John Macalister Royall
JPMorgan Chase & Co, Research Division - Analyst

We'll get started now. So we're joined by Mark Lashier, President and CEO of Phillips 66. Mark took over the CEO role about a year ago after being in the COO for about a year. Prior to that, Mark ran the CPChem business. We also have Jeff Dietert, Vice President of Investor Relations. Jeff joined the company in 2017 after a long career doing what I do on the sell side and had some additional energy experience, I think, prior to that.

So Mark and Jeff, thank you very much for joining us today.

Mark E. Lashier
Phillips 66 - President, CEO & Director

Glad to be here, John.

Questions & Answers

John Macalister Royall
JPMorgan Chase & Co, Research Division - Analyst

So why don't we start with the balance sheet. You've set out a guide of 25% to 30% net debt to capital. You were at the bottom end in the end of 1Q. But you've recently closed DCP and presumably have moved up that scale a bit. Where would you like to be

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