Phillips 66 (PSX) Reports Q4, Announces Next Phase of Strategic Initiatives
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Phillips 66 Reports Fourth-Quarter Results and Announces Next Phase of Strategic Initiatives
January 31, 2025 7:00 AM ESTFourth Quarter
Reported fourth-quarter earnings of $8 million or $0.01 per share; adjusted loss of $61 million or $0.15 per share Earnings impacted by $230 million pre-tax of accelerated depreciation related to Los Angeles Refinery Returned $1.1 billion to shareholders through dividends and share repurchases Record NGL fractionation and LPG export volumes in Midstream Record clean product yield in Refining Surpassed targeted $3 billion in announced asset dispositionsFull-Year 2024
Earnings of $2.1 billion or $4.99 per share and adjusted earnings of $2.6 billion or $6.15 per share $4.2 billion of operating cash flow, $4.8 billion excluding... More