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Sep 30, 2022
Phillips 66 Q3 2022 Earnings Report
Phillips 66 reported strong third-quarter earnings driven by favorable market conditions and strong operating performance.
Key Takeaways
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.
Reported third-quarter earnings of $5.4 billion or $11.16 per share; adjusted earnings of $3.1 billion or $6.46 per share
Generated $3.1 billion of operating cash flow
Returned $1.2 billion to shareholders through dividends and share repurchases
Increased economic interest in DCP Midstream, LP and offered to acquire all outstanding public common units
Forward Guidance
Phillips 66 will provide an update on its plans to continue to deliver shareholder value and its strategic initiatives, including business transformation, at the company’s investor day in New York on November 9.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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