Closing The Loop -- PSX -- January 29, 2022

Earlier a reader and I commiserated about the share price of PSX after earnings were announced. 

Closing the loop:

Maybe this is why, link here: 

• Phillips 66 says the cost to maintain / repair its refineries in 2022 will be $800 - $900 million. An anlyst noted this is the highest in the history of the company.