'The sharp increase in commodity prices during the first quarter resulted in a net outflow of approximately $3 billion of cash collateral on derivative positions'.
Phillips 66 Books $900MM in Hedging Losses as Prices Surge
Tuesday, April 7, 2026
Tuesday, April 7, 2026
'The sharp increase in commodity prices during the first quarter resulted in a net outflow of approximately $3 billion of cash collateral on derivative positions'.