Phillips 66 (PSX) Tops Q2 EPS by 69c

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Go back to Phillips 66 (PSX) Tops Q2 EPS by 69c

Phillips 66 Reports Second-Quarter Earnings of $1.3 Billion or $2.84 Per Share

July 27, 2018 7:00 AM EDT

Adjusted earnings of $1.3 billion or $2.80 per share

Highlights

Achieved 100 percent utilization in Refining CPChem's new ethane cracker exceeding design rates Generated $2.4 billion in cash from operations Returned $602 million to shareholders through dividends and share repurchases Increased quarterly dividend by 14 percent Began construction of the 300,000 BPD Sweeny Hub NGL expansion project Phillips 66 Partners recently completed Gray Oak Pipeline open season

HOUSTON--(BUSINESS WIRE)-- Phillips 66... More