Loading...
•
Jun 30, 2021
Phillips 66 Q2 2021 Earnings Report
Reported earnings and strategic advancements amidst recovering operations and demand.
Key Takeaways
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.
Reported second-quarter earnings of $296 million or $0.66 per share; adjusted earnings of $329 million or $0.74 per share.
Generated $1.7 billion of operating cash flow; $910 million excluding working capital.
Delivered record Chemicals earnings.
Ramped up renewable diesel production at San Francisco Refinery.
Forward Guidance
Looking forward, we remain optimistic that demand recovery for our products will continue. We will adhere to our disciplined capital allocation framework, including our commitment to debt reduction as well as a secure, competitive dividend. We anticipate a return to dividend growth as cash flow recovers.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...