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Strategies & Market Trends : Dividend investing for retirement
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To: Elroy who wrote (32400)2/1/2020 9:39:58 PM
From: Spekulatius   of 34328
 
I am not sure PSX directly communicates the timing of the turnaround. I believe they communicate yearly cost of the turnaround and of course there can be unforeseen issues. In any case, there was a substantial miss in refining profits due to higher turnaround activity.
The turnarounds are scheduled many months in advance, so it's odd for them to cause a surprise miss.

Do you mean the turnaround took longer than expected due to finding problems, or something like that?


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