Phillips 66 (PSX) Tops Q1 EPS by 15c

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Phillips 66 Reports First-Quarter Earnings of $524 Million or $1.07 Per Share

April 27, 2018 7:00 AM EDT

Adjusted earnings of $512 million or $1.04 per share

Highlights

Returned $3.8 billion to shareholders through dividends and share repurchases Delivered strong results in Midstream and Chemicals Generated $488 million in operating cash flow; $1.3 billion excluding working capital CPChem returned to full operations and started up new world-scale ethane cracker Refining successfully executed several large turnarounds Phillips 66 Partners announced Gray Oak Pipeline project Four refineries received industry recognition for exemplary 2017 safety performance... More