Phillips 66 (PSX) Tops Q4 EPS by 8c
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Phillips 66 Reports Fourth-Quarter Earnings of $736 Million or $1.64 Per Share Adjusted earnings of $689 million or $1.54 per share
January 31, 2020 7:00 AM ESTHighlights
Fourth Quarter
- Returned $810 million to shareholders through dividends and share repurchases
- Commenced initial operations on the Gray Oak Pipeline
- Operated at 97% O&P utilization in Chemicals
- Achieved 97% utilization in Refining
- Formed U.S. West Coast retail marketing joint venture
Full-Year 2019
- Maintained industry-leading safety performance
- Reported earnings per share of $6.77; adjusted earnings per share of $8.05
- Generated $4.8 billion of operating cash flow; $5.6 billion excluding working capital
- Returned $3.2 billion to... More
