Phillips 66 Reports Fourth-Quarter 2020 Financial Results

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/22/2026

1. SPCX
2. NVDA
3. NFLX
4. META
5. TSLA
6. ISRG
7. SMCI
8. RTX
9. S
10. COF

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

Phillips 66 (PSX) Misses Q4 EPS by 11c

January 29, 2021 7:05 AM EST

Phillips 66 (NYSE: PSX) reported Q4 EPS of ($1.16), $0.11 worse than the analyst estimate of ($1.05).

Fourth Quarter

Reported a fourth-quarter loss of $539 million or $1.23 per share; adjusted loss of $507 million or $1.16 per shareGenerated operating cash flow of $639 millionCompleted Sweeny Hub Phase 2 expansion and the fourth dock at Beaumont TerminalCommissioned second dock and additional storage at South Texas Gateway TerminalOperated at 101% O&P utilization in ChemicalsAnnounced 2021 capital budget of $1.7 billion, including Phillips 66 Partners

2020 was a year of unprecedented challenges, said Greg Garland, chairman and CEO of... More