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$PSX said the company ended 1Q16 with a cash balance of $1.7Bil. In 2Q16, the company expects the global Oleï¬ns and Polyoleï¬ns utilization rate to be in the low 90s in chemicals. In refining, the worldwide crude utilization rate is expected to be in the mid 90s.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.