Phillips 66 (NYSE: PSX) reported Q2 EPS of $2.88, $0.69 better than the analyst estimate of $2.19.

“Our diversified portfolio generated strong earnings and cash flows this quarter,” said Greg Garland, chairman and CEO of Phillips 66. “We advanced strategic growth initiatives and continued to reward our shareholders. In Refining, we operated at full capacity and continued to capture the benefits of advantaged feedstocks through our integrated supply network. CPChem achieved full operations at its new U.S. Gulf Coast petrochemicals assets, contributing to solid earnings growth. In Midstream, the expansion of our Sweeny Hub will further grow and optimize our NGL value chain. Most recently, Phillips 66 Partners completed the Gray Oak Pipeline open season to capitalize on growing Permian crude production.”

“We returned $602 million to shareholders through dividends and share repurchases this quarter. For the year, we have returned $4.4 billion to shareholders. We demonstrated our commitment to a secure, competitive and growing dividend with a 14 percent increase in the second quarter, resulting in a 27 percent compound annual growth rate since 2012.”

For earnings history and earnings-related data on Phillips 66 (PSX) click here.