Phillips 66 reports Q2 2024 earnings of $1.0 billion, or $2.38 per share

Phillips 66

2024-Q2 EPS reported $4.10 revenue$73,940,000,000

Second-quarter earnings of $1.0 billion, or $2.38 per share; adjusted earnings of $984 million, or $2.31 per share
Returned $1.3 billion to shareholders through dividends and share repurchases
Record Midstream NGL pipeline and fractionation volumes, with synergy capture driving lower costs
Refining operations achieved 98% crude utilization and 86% clean product yield, lowering costs per barrel
Cash flow from operations of $2.1 billion; net debt-to-capital ratio improved to 36%

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