Phillips 66 (PSX) Tops Q2 EPS by 8c

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Go back to Phillips 66 (PSX) Tops Q2 EPS by 8c

Phillips 66 Reports Second-Quarter Earnings of $550 Million or $1.06 Per Share

August 1, 2017 7:00 AM EDT

Adjusted earnings of $569 million or $1.09 per share

Highlights

Refining utilization averaged 98 percent following major first-quarter turnarounds CPChem achieved 98 percent Olefins and Polyolefins utilization in Chemicals Realized strong margins and volumes in Marketing and Specialties Generated $1.9 billion in cash from operations Increased quarterly dividend by 11 percent to 70 cents per common share Returned $741 million to shareholders through dividends and share repurchases CPChem reached mechanical completion of its two U.S. Gulf Coast... More