Phillips 66
PSX
ISIN null / Valor 18376318
Phillips 66
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About company
Phillips 66, established as an independent entity a decade ago, operates as a diversified energy manufacturing and logistics company with a global presence. It engages in the processing, transportation, storage, and marketing of fuels and various products. The company's portfolio includes a mix of heritage, joint venture, and acquired brands, indicating a strategy of growth through both organic development and strategic acquisitions. Over the years, Phillips 66 has embarked on significant infrastructure projects that have strengthened its position within the crude oil and natural gas liquids sectors. Financially, it has demonstrated a commitment to shareholder returns, having distributed $29 billion to its shareholders since its inception. Among its notable brands is the 76 brand, a legacy of the Union Oil Company of California, which has been a recognizable presence in the western United States since 1932. Phillips 66's operations reflect a broad engagement across the energy value chain, from upstream production to downstream distribution and marketing.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (20.10.2025):
Phillips 66 reported strong financial results for the second quarter of 2025, achieving reported earnings of $877 million or $2.15 per share and adjusted earnings of $973 million or $2.38 per share. The company demonstrated robust performance across its integrated value chain, highlighted by high refining capacity utilization, strategic acquisitions, and significant returns to shareholders.
Earnings Performance
In Q2 2025, Phillips 66 reported earnings of $877 million, up from $487 million in Q1 2025. Adjusted earnings surged to $973 million from a loss of $368 million in the previous quarter, driven by higher margins and increased volumes across key segments.
Refining Operations
The Refining segment operated at a 98% capacity utilization rate, the highest since 2018, and achieved an 86% clean product yield. Realized margins increased significantly to $11.25 per barrel, supported by improved market crack spreads and lower operational costs.
Strategic Acquisitions and Divestitures
Phillips 66 completed the acquisition of EPIC NGL, now renamed Coastal Bend, enhancing its Midstream capabilities. Additionally, the company announced the sale of a 65% interest in its Germany and Austria retail marketing business, aligning with its strategic focus on core operations.
Cash Flow and Shareholder Returns
The company generated $845 million in net operating cash flow and returned $906 million to shareholders through dividends and share repurchases. Excluding working capital, cash flow reached $1.9 billion, reinforcing Phillips 66's strong financial position.
Midstream Growth
Midstream operations saw an adjusted EBITDA of approximately $1 billion, bolstered by the Coastal Bend acquisition and the timely startup of the Dos Picos II gas processing plant in the Midland Basin. These developments are expected to drive stable earnings growth and support the company's 2027 targets.
Future Outlook
Looking ahead, Phillips 66 remains focused on organic growth in the Midstream segment and continuing disciplined execution in Refining. The company is on track to cease operations at the Los Angeles Refinery and complete the sale of its German and Austria operations by year-end.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
57344 M
Market cap (USD)
2,634,105
Daily traded volume (Shares)
113.09 / 111.43
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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