Phillips 66 Q1 earnings $2.0B ($4.20/sh); dividend up 8% to $1.05, $800M buyback

Phillips 66

2023-Q1 EPS reported $4.20 revenue$34,396,000,000

Earnings $2.0B ($4.20/sh) vs. $582M in Q1 2022; adjusted EPS $4.21. Operating cash flow $2.5B ex working capital.
Returned $1.3B to shareholders: $800M share repurchases + $486M dividends; quarterly dividend raised 8% to $1.05.
Refining pre-tax $1.6B; market capture 93% on 90% crude utilization. Turnaround costs $234M.
Midstream pre-tax $702M; DCP employees transitioned Apr 1; public-unit buy-in expected to close Q2 2023.
Business transformation run-rate savings >$600M; on track for $1B by year-end 2023. Rodeo renewables start Q1 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Phillips 66 reported financial results for the quarter ended March 31, 2023.

Period: the quarter ended March 31, 2023
Result: reported results

Exact text from the filing

On May 3, 2023, Phillips 66 issued a press release announcing the company's financial and operating results for the quarter ended March 31, 2023.

View on SEC.gov

3 earnings releases filed in the last 30 days. Browse all earnings releases →

Phillips 66 filing history →

Source: SEC EDGAR

accession 0001534701-23-000076

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.