Phillips 66 (PSX) Misses Q4 EPS by 11c
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Phillips 66 Reports Fourth-Quarter 2020 Financial Results
January 29, 2021 7:00 AM ESTFourth 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 PartnersFull-Year 2020
Achieved record safety and environmental performance Generated $2.1 billion of operating cash flow Responded rapidly to COVID-19 conditions;... More