---
schema_version: "secwatch.filing_event.v1"
accession: "0001534701-24-000129"
form_type: "8-K"
ticker: "PSX"
cik: "0001534701"
company_name: "Phillips 66"
filed_at: "2024-07-30T23:59:59+00:00"
generated_at: "2026-05-31T15:17:49.781204+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%

## SEC filing metadata
- accession: 0001534701-24-000129
- form_type: 8-K
- ticker: PSX
- cik: 0001534701
- company_name: Phillips 66
- filed_at: 2024-07-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1534701/000153470124000129/0001534701-24-000129-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534701/000153470124000129/psx-20240730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001534701-24-000129
- JSON: https://secwatch.observer/filing/0001534701-24-000129.json
- Plain text: https://secwatch.observer/filing/0001534701-24-000129.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.