secwatch.observer — SEC 8-K summary
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Issuer:     Phillips 66 (PSX)
CIK:        0001534701
Form:       8-K
Filed at:   2025-04-25T23:59:59+00:00
Accession:  0001534701-25-000092
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534701/000153470125000092/0001534701-25-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534701/000153470125000092/psx-20250425.htm
  HTML page:      https://secwatch.observer/filing/0001534701-25-000092

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