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Stock impact report

Strong Portfolio and Strategic Priorities Support Phillips 66 Third-Quarter Results

Phillips 66 (PSX) 
Last phillips 66 earnings: 5/1 07:00 am Check Earnings Report
Company Research Source: Business Wire
Reported third-quarter earnings of $346 million or $0.82 per share; adjusted earnings of $859 million or $2.04 per shareReturned $1.3 billion to shareholders through dividends and share repurchasesAchieved business transformation $1.4 billion run-rate savings target, including $1 per barrel Refining cost reductionProgressed asset dispositions totaling $2.7 billion toward $3 billion target, including recently executed agreements HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX), a leading integrated downstream energy provider, announced third-quarter earnings.“Our employees continue to execute our strategic priorities, deliver strong operating performance and leverage the benefits of our differentiated downstream portfolio,” said Mark Lashier, chairman and CEO of Phillips 66.“We have achieved our cost reduction and Midstream synergy targets,” said Lashier. “In addition, we have significantly advanced our asset disposition program with recently announced transactions. Our commitment Show less Read more
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