Phillips 66 Q1 adjusted loss $368M; reported earnings $487M on $2.0B asset sale proceeds

Phillips 66

2025-Q1 EPS reported $1.18 revenue$30,430,000,000

Reported Q1 earnings $487M ($1.18 diluted EPS); adjusted loss $368M ($0.90 loss per share).
Includes $246M pre-tax accelerated depreciation on Los Angeles Refinery; cites large spring turnaround program.
Returned $716M to shareholders via dividends and buybacks.
Received $2.0B cash from sales of stakes in Coop Mineraloel AG and Gulf Coast Express Pipeline.
Sanctioned new Permian gas processing plant; closed EPIC Y-Grade acquisition.

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