Phillips 66 Q1 earnings $748M ($1.73 EPS) vs $1.96B year ago; adjusted EPS $1.90

Phillips 66

2024-Q1 EPS reported $1.73 revenue$35,811,000,000

Adjusted earnings $822M ($1.90 EPS), down from $1.97B ($4.21) in Q1 2023 and $1.36B ($2.97) in Q4 2023.
Refining pre-tax income fell to $131M (adj. $228M) from $1.6B in Q1 2023; crude utilization 92%.
Returned $1.6B to shareholders via $1.2B buybacks and $448M dividends; $9.9B returned since July 2022.
Dividend raised 10% to $1.15/quarter; company on track for $1.4B cost savings by year-end 2024.
Rodeo renewable fuels complex started producing 30,000 bpd; targeting 50,000 bpd by end of Q2 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 0.95

Phillips 66 reported quarter ended March 31, 2024 results: net income first-quarter earnings of $748 million, EPS $1.73 per share.

Period: quarter ended March 31, 2024
Net income: first-quarter earnings of $748 million
EPS: $1.73 per share
Result: reported results

Exact text from the filing

Phillips 66 Reports 1Q 2024 Financial Results, Highlights Strategic Priorities Progress First-Quarter Results • First-quarter earnings of $748 million or $1.73 per share; adjusted earnings of $822 million or $1.90 per share

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Source: SEC EDGAR

accession 0001534701-24-000101

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