Phillips 66 Delivers Strong Second-Quarter Results and Operating Performance
Adjusted earnings rose to $3.8 billion as refining margins improved and the company completed Dos Picos II, a 220 million cubic feet per day gas plant.
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Phillips 66 beats quarterly estimates as Iran war boosts US refining margins
By Pooja Menon Aug 5 (Reuters) - Phillips 66 reported a nearly fourfold jump in second-quarter profit on Wednesday, crushing Wall Street estimates, as the Middle East conflict squeezed global fuel supplies and sent U.S. refining margins soaring. U.S....
Bartlesville Radio » News » Phillips 66 Reports Strong Second-Quarter Results
Phillips 66 reported strong second-quarter results, with the company earning $3.8 billion and adjusted earnings of $3.8 billion, or $9.41 per share. The company reduced total debt by $6.6 billion to $20.6 billion and distributed $887 million to shareholders through dividends and stock repurchases. Net debt-to-capital stood at 33%. Phillips 66 also reported record natural gas liquids fractionation and LPG export volumes, along with strong…
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