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-0.015990159901599 -0.0296569632362991 -0.0296569632362991 -0.00437337706710391 -0.022823561568949 -0.0274702747027471 -0.02460024600246 -0.016263495968293
Stock impact report

Phillips 66 Reports First-Quarter 2020 Financial Results

Phillips 66 (PSX) 
Last phillips 66 earnings: 5/1 07:00 am Check Earnings Report
Company Research Source: Business Wire
Reported a first-quarter loss of $2.5 billion or $(5.66) per share; adjusted earnings of $450 million or $1.02 per shareGenerated strong underlying results in Midstream and Marketing businessesReceived industry recognition for exemplary 2019 safety performance at five refineriesSecured $3 billion in additional liquidity through term loan and senior notesAnnounced 2020 capital spending and operating cost reductionsReturned $839 million to shareholders in the quarter; suspended share repurchases in MarchRecently started full operations on the Gray Oak PipelineContributed $3 million to COVID-19 relief efforts HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announces a first-quarter 2020 loss of $2.5 billion, compared with earnings of $736 million in the fourth quarter of 2019. Excluding special items of $2.9 billion in the first quarter of 2020, primarily impairments related to goodwill and the company’s investment in DCP Mi Show less Read more
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