Phillips 66 (PSX) Misses Q1 EPS by 39c

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Go back to Phillips 66 (PSX) Misses Q1 EPS by 39c

Phillips 66 Reports First-Quarter 2022 Financial Results

April 29, 2022 7:00 AM EDT

Reported first-quarter earnings of $582 million or $1.29 per share; adjusted earnings of $595 million or $1.32 per share Generated $1.1 billion of operating cash flow; $1.3 billion excluding working capital Repaid $1.45 billion of debt in April Announced plan to restart share repurchases Received industry recognition for exemplary safety performance in Chemicals and Refining Recently announced CEO transition plan

HOUSTON--(BUSINESS WIRE)-- Phillips 66 (NYSE: PSX), a diversified energy company, announces first-quarter 2022 earnings of $582 million, compared with earnings of $1.3 billion in the fourth quarter of 2021. Excluding special items of $13... More