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Domestically, we anticipate another quarter of significant turnaround activity. Capacity utilization is expected to be in the mid-90% range with turnaround costs of approximately $100 million, before tax, in the second quarter. - Jim Mulva Quotes

Domestically, we anticipate another quarter of significant turnaround activity. Capacity utilization is expected to be in the mid-90% range with turnaround costs of approximately $100 million, before tax, in the second quarter.

During the quarter, our U.S. Gulf Coast operations were significantly impacted by Hurricanes Katrina, Rita and Dennis. Despite these impacts, our overall operating performance for the quarter was good, and we continued to benefit from the strong commodity price environment. - Jim Mulva Quotes

During the quarter, our U.S. Gulf Coast operations were significantly impacted by Hurricanes Katrina, Rita and Dennis. Despite these impacts, our overall operating performance for the quarter was good, and we continued to benefit from the strong commodity price environment.

I am encouraged that second-quarter operating earnings, although down from year-ago levels, were more than six times higher than in the first quarter, - Jim Mulva Quotes

I am encouraged that second-quarter operating earnings, although down from year-ago levels, were more than six times higher than in the first quarter,

This agreement provides a strong basis for us to invest in our aligned goals for increased reserves and production and in the training and development of our Libyan workforce. - Jim Mulva Quotes

This agreement provides a strong basis for us to invest in our aligned goals for increased reserves and production and in the training and development of our Libyan workforce.

It certainly could have an impact on the production and refineries that are up and running today and it certainly would have an impact on the recovery, - Jim Mulva Quotes

It certainly could have an impact on the production and refineries that are up and running today and it certainly would have an impact on the recovery,

In addition to higher industry oil and gas prices, Phillips continued to benefit from cost reductions and strong operations across all business segments, - Jim Mulva Quotes

In addition to higher industry oil and gas prices, Phillips continued to benefit from cost reductions and strong operations across all business segments,

This strategic acquisition completes our foundation for accelerated and sustainable profitable growth. With our balanced portfolio of assets, scale, and financial flexibility, we can deliver the growth and value that our shareholders expect. - Jim Mulva Quotes

This strategic acquisition completes our foundation for accelerated and sustainable profitable growth. With our balanced portfolio of assets, scale, and financial flexibility, we can deliver the growth and value that our shareholders expect.

As Americans, we all feel for those who are less fortunate. We want to make sure they get the energy they need. We feel it's not a good precedent for one industry to fund a program as such. We think that's a responsibility of the government. - Jim Mulva Quotes

As Americans, we all feel for those who are less fortunate. We want to make sure they get the energy they need. We feel it's not a good precedent for one industry to fund a program as such. We think that's a responsibility of the government.

We'd like to think we have pretty aggressive organic growth in the company, both upstream and downstream, - Jim Mulva Quotes

We'd like to think we have pretty aggressive organic growth in the company, both upstream and downstream,

We are pleased to be resuming our long and productive partnership with the people and the state of Libya in this strategic asset. This agreement provides a strong basis for us to invest in our aligned goals for increased reserves and production, and in the training and development of our Libyan work force. - Jim Mulva Quotes

We are pleased to be resuming our long and productive partnership with the people and the state of Libya in this strategic asset. This agreement provides a strong basis for us to invest in our aligned goals for increased reserves and production, and in the training and development of our Libyan work force.

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