Phillips 66 (PSX) Tops Q1 EPS by 41c
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Phillips 66 Reports First-Quarter 2020 Financial Results
May 1, 2020 7:00 AM EDTReported a first-quarter loss of $2.5 billion or $(5.66) per share; adjusted earnings of $450 million or $1.02 per share Generated strong underlying results in Midstream and Marketing businesses Received industry recognition for exemplary 2019 safety performance at five refineries Secured $3 billion in additional liquidity through term loan and senior notes Announced 2020 capital spending and operating cost reductions Returned $839 million to shareholders in the quarter; suspended share repurchases in March Recently started full operations on the Gray Oak Pipeline Contributed $3 million to COVID-19 relief efforts
HOUSTON--(BUSINESS WIRE)-- Phillips 66 (NYSE:... More
