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05.08.26 - 14:01
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Phillips 66 Reveals Rise In Q2 Income (AFX)
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WASHINGTON (dpa-AFX) - Phillips 66 (PSX) reported a profit for its second quarter that Increases, from the same period last yearThe company's bottom line totaled $3.847 billion, or $9.55 per share......
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05.08.26 - 13:03
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Phillips 66 Delivers Strong Second-Quarter Results and Operating Performance (Business Wire)
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Reported second-quarter earnings of $3.8 billion or $9.55 per share; adjusted earnings of $3.8 billion or $9.41 per share
Decreased total debt by $6.6 billion to $20.6 billion; net debt reduced to $16.5 billion
Achieved record NGL fractionation volumes and LPG export volumes
Delivered strong Refining utilization of 96% and clean product yield of 86%
Earned industry recognition for 2025 exemplary safety performance in Midstream, Refining and Chemicals
HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) announced second-quarter earnings.
“Second quarter results reflect the strength of our operations and value of our integrated portfolio,” said Mark Lashier, chairman and CEO of Phillips 66. “We remain committed to our strategic priorities and continuous improvement. Our focus on operating excellence, coupled with our commercial footprint, enables us to reliably supply energy products across the United States and to global consumers.
“Our capital allocation framework is an integral component of the inve...
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31.07.26 - 13:21
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Phillips 66 announces additional share repurchase authorization (Business Wire)
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HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) announced that the board of directors has approved a $10 billion increase to the share repurchase authorization. The remaining authorization under the current program was approaching its limit.
“Our capital allocation approach remains the same,” said Mark Lashier, Phillips 66 chairman and CEO. “The increased share repurchase authorization supports our commitment to long-term shareholder value, alongside our secure, competitive and growing dividend, disciplined capital investment and continued debt reduction as we look through the rest of the decade.”
Under the new share repurchase program, shares may be repurchased from time to time in the open market at the company's discretion, subject to market conditions and other factors, and in accordance with applicable regulatory requirements. The company may commence, suspend or discontinue purchases of common stock under this authorization at any time or periodically without prior notice. Shares of stock...
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