Phillips 66 Reports Third-Quarter 2020 Financial Results

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Go back to Phillips 66 Reports Third-Quarter 2020 Financial Results

Phillips 66 (PSX) Tops Q3 EPS by 78c

October 30, 2020 7:01 AM EDT

Phillips 66 (NYSE: PSX) reported Q3 EPS of ($0.01), $0.78 better than the analyst estimate of ($0.79).

Reported a third-quarter loss of $799 million or $1.82 per share; adjusted loss of $1 million or $0.01 per shareGenerated operating cash flow of $491 million; $795 million excluding working capitalCaptured improved market conditions in Midstream, Chemicals and Marketing & SpecialtiesRecently started operations of Sweeny Fracs 2 and 3Announced San Francisco Refinery conversion into the worlds largest renewable... More