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Jun 30, 2022
Phillips 66 Q2 2022 Earnings Report
Phillips 66 reported strong second-quarter earnings driven by a tight global product supply and demand balance.
Key Takeaways
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.
Reported second-quarter earnings of $3.2 billion or $6.53 per share; adjusted earnings of $3.3 billion or $6.77 per share
Generated $1.8 billion of operating cash flow; $3.6 billion excluding working capital
Repaid $1.5 billion of debt
Returned $533 million to shareholders through dividends and share repurchases
Phillips 66
Phillips 66
Phillips 66 Revenue by Segment
Revenue by Segment
Midstream earnings Revenue
CapyFin.comChemicals earnings Revenue
CapyFin.comRefining earnings Revenue
CapyFin.comMarketing & Specialties Revenue
CapyFin.comCorporate & Other Revenue
CapyFin.com Forward Guidance
Phillips 66 is continuing its business transformation that will enable sustainable cost reductions of at least $700 million annually across the enterprise.