Phillips 66 (PSX) Misses Q4 EPS by 11c

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Go back to Phillips 66 (PSX) Misses Q4 EPS by 11c

Phillips 66 Reports Fourth-Quarter 2020 Financial Results

January 29, 2021 7:00 AM EST

Fourth Quarter

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

Full-Year 2020

Achieved record safety and environmental performance Generated $2.1 billion of operating cash flow Responded rapidly to COVID-19 conditions;... More