Phillips 66 (PSX) Tops Q3 EPS by $1.23

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Go back to Phillips 66 (PSX) Tops Q3 EPS by $1.23

Phillips 66 Reports Third-Quarter 2021 Financial Results

October 29, 2021 7:00 AM EDT

Reported third-quarter earnings of $402 million or $0.91 per share; adjusted earnings of $1.4 billion or $3.18 per share Generated $2.2 billion of operating cash flow; $1.4 billion excluding working capital Delivered strong Midstream, Chemicals, and Marketing and Specialties earnings Significant improvement in Refining realized margins Paid off $500 million term loan Recently increased quarterly dividend to 92 cents per share Recently announced agreement to acquire all publicly held units of Phillips 66 Partners Announced greenhouse gas emissions reduction targets Expanded presence in the battery supply chain through strategic investment in NOVONIX

HOUSTON--(BUSINESS WIRE)-- Phillips... More