Phillips 66 Earnings Reports

Phillips 66 reported fourth-quarter earnings of $8 million, or $0.01 per share, and an adjusted loss of $61 million, or $0.15 per share. Earnings were impacted by $230 million pre-tax of accelerated depreciation related to the Los Angeles Refinery. The company returned $1.1 billion to shareholders through dividends and share repurchases and surpassed its targeted $3 billion in announced asset dispositions.

Phillips 66 reported third-quarter earnings of $346 million, or $0.82 per share, with adjusted earnings of $859 million, or $2.04 per share. The company returned $1.3 billion to shareholders through dividends and share repurchases and achieved its business transformation $1.4 billion run-rate savings target.

Phillips 66 reported second-quarter earnings of $1.0 billion, or $2.38 per share, with adjusted earnings of $984 million, or $2.31 per share. The company returned $1.3 billion to shareholders through dividends and share repurchases and achieved record Midstream NGL pipeline and fractionation volumes. Strong Refining operations were noted, with 98% crude utilization and 86% clean product yield.

Phillips 66 announced first-quarter earnings of $748 million, or $1.73 per share, and adjusted earnings of $822 million, or $1.90 per share. The company returned $1.6 billion to shareholders through dividends and share repurchases. Refining operated at 92% crude utilization. The company launched a process to divest retail marketing assets in Germany and Austria and commenced operations at Rodeo Renewable Energy Complex.

Phillips 66 reported strong third-quarter earnings, driven by focus on operating performance and execution of strategic priorities, coupled with favorable market conditions. The company is raising shareholder distribution targets and increasing business transformation run-rate target.

Phillips 66 reported second-quarter earnings of $1.7 billion, or $3.72 per share, and adjusted earnings of $1.8 billion, or $3.87 per share. The company generated $1.0 billion of operating cash flow ($2.0 billion excluding working capital) and returned $1.8 billion to shareholders through dividends and share repurchases. They also completed the $3.8 billion acquisition of DCP Midstream, LP public common units.

Phillips 66 reported first-quarter earnings of $2.0 billion, or $4.20 per share. The company generated $1.2 billion of operating cash flow and returned $1.3 billion to shareholders through dividends and share repurchases.

Phillips 66 reported fourth-quarter earnings of $1.9 billion, or $3.97 per share, and adjusted earnings of $1.9 billion, or $4.00 per share. The company generated $4.8 billion in operating cash flow and returned $1.2 billion to shareholders through dividends and share repurchases. Phillips 66 also authorized a $5 billion increase to its share repurchase program and approved a $2 billion 2023 capital program.

Phillips 66 reported third-quarter earnings of $5.4 billion, or $11.16 per share, and adjusted earnings of $3.1 billion, or $6.46 per share. The company generated $3.1 billion in operating cash flow and returned $1.2 billion to shareholders through dividends and share repurchases. Strong refining operations and market capture contributed to the positive results.

Phillips 66 reported second-quarter earnings of $3.2 billion, or $6.53 per share. Adjusted earnings were $3.3 billion, or $6.77 per share. The company generated $1.8 billion of operating cash flow and repaid $1.5 billion of debt. They also returned $533 million to shareholders through dividends and share repurchases.

Phillips 66 reported first-quarter earnings of $582 million, or $1.29 per share, and adjusted earnings of $595 million, or $1.32 per share. The company generated $1.1 billion of operating cash flow and repaid $1.45 billion of debt in April. They also announced a plan to restart share repurchases.

Phillips 66 reported fourth-quarter earnings of $1.3 billion, or $2.88 per share. Adjusted earnings were also $1.3 billion, or $2.94 per share. The company generated $1.8 billion of operating cash flow and approved a 2022 capital program of $1.9 billion. They also began operations of the C2G Pipeline and increased the quarterly dividend to 92 cents per share.

Phillips 66 reported third-quarter earnings of $402 million, or $0.91 per share, and adjusted earnings of $1.4 billion, or $3.18 per share. The company generated $2.2 billion of operating cash flow and delivered strong results in Midstream, Chemicals, and Marketing and Specialties, with a significant improvement in Refining realized margins.

Phillips 66 reported second-quarter earnings of $296 million, or $0.66 per share, and adjusted earnings of $329 million, or $0.74 per share. The company generated $1.7 billion of operating cash flow and delivered record Chemicals earnings. They are advancing strategic projects and pursuing lower-carbon opportunities.

Phillips 66 reported a first-quarter 2021 loss of $654 million, or $1.49 per share, compared to a loss of $539 million in the fourth quarter of 2020. The adjusted loss was $509 million, or $1.16 per share, compared to an adjusted loss of $507 million in the fourth quarter. The company's financial and operating performance was impacted by severe winter storms, resulting in lower utilization and higher costs across its businesses.

Phillips 66 reported a fourth-quarter 2020 loss of $539 million, or $1.23 per share. Adjusted loss was $507 million, or $1.16 per share. The company generated $639 million in operating cash flow and completed several expansion projects.

Phillips 66 reported a third-quarter 2020 loss of $799 million, or $1.82 per share. Excluding special items, the company had an adjusted loss of $1 million, or $0.01 per share. The company generated operating cash flow of $491 million, or $795 million excluding working capital impacts. Improved market conditions in Midstream, Chemicals and Marketing & Specialties were captured.

Phillips 66 reported a second-quarter 2020 loss of $141 million, or $0.33 per share, compared to a loss of $2.5 billion in the first quarter of 2020. Adjusted loss was $324 million, or $0.74 per share. The company generated $764 million in operating cash flow and reached milestones, including full operations on the Gray Oak Pipeline and the first export cargo loaded at the South Texas Gateway Terminal.

Phillips 66 reported a first-quarter 2020 loss of $2.5 billion, or $(5.66) per share, compared to earnings of $736 million in the fourth quarter of 2019. Adjusted earnings were $450 million, or $1.02 per share. The company focused on maintaining safe operations and financial strength amidst unprecedented challenges, including reducing capital spending and securing additional liquidity.

Phillips 66 announced fourth-quarter earnings of $736 million, or $1.64 per share, compared to $712 million in the third quarter. Adjusted earnings were $689 million, or $1.54 per share. The company returned $810 million to shareholders through dividends and share repurchases during the quarter.