Phillips 66 (PSX) Tops Q4 EPS by $1.25

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Go back to Phillips 66 (PSX) Tops Q4 EPS by $1.25

Phillips 66 Reports Fourth-Quarter 2021 Financial Results

January 28, 2022 7:00 AM EST

Fourth Quarter

Reported fourth-quarter earnings of $1.3 billion or $2.88 per share; adjusted earnings of $1.3 billion or $2.94 per share Generated $1.8 billion of operating cash flow; $1.4 billion excluding working capital Approved 2022 capital program of $1.9 billion Began operations of C2G Pipeline Increased quarterly dividend to 92 cents per share Reached agreement to acquire all publicly held units of Phillips 66 Partners

Full-Year 2021

Generated $6.0 billion of operating cash flow; $3.9 billion excluding working capital Reported record earnings in Midstream, Chemicals, and Marketing and Specialties Paid down $1.5 billion of... More