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Record performance was driven by exceptional operational reliability and commercial execution across all three segments amid significant geopolitical volatility.
Refining margins benefited from a constructive environment characterized by low global product inventories and limited excess refining capacity.
The U.S. Gulf Coast remains a primary strategic advantage due to abundant domestic production and access to diverse feedstocks, including Canadian and Venezuelan crudes.
Renewable Diesel and Ethanol segments saw structural tailwinds as the RVO and D4 RIN values increased at a rate faster than feedstock fat prices.

#segments #tell
3 days ago

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