Phillips 66

Phillips 66 reported a substantial increase in financial performance for the third quarter and first nine months of 2026 compared to the prior year. Net income attributable to Phillips 66 surged to $5,616 million for Q3 2026, with diluted EPS at $14.08, a significant improvement from $133 million and $0.32 respectively in Q3 2025. For the nine-month period, net income reached $9,670 million and diluted EPS was $24.05. Total revenues also saw a considerable rise. The company continued its capital return program through share repurchases and dividend payments.

Phillips 66 announced strong third-quarter financial and operating results, with earnings of $5.6 billion or $14.08 per share, a significant increase from the previous quarter. The company highlighted robust performance in its Refining segment, driven by higher margins and volumes. Phillips 66 also returned $2.8 billion to shareholders and reduced its debt by $2.0 billion. Strategic initiatives include progress on major projects like the Western Gateway Pipeline and the Golden Triangle Polymers Project.

Phillips 66 announced that Richard G. Harbison, Executive Vice President of Refining, has provided notice of his intention to retire. His retirement is scheduled to be effective on December 31, 2026. This filing was made on Form 8-K, Item 5.02.

Phillips 66 reported a significant increase in Q2 2026 net income attributable to Phillips 66, reaching $3.85 billion, up 339% from $877 million in Q2 2025. Diluted EPS also surged to $9.55, a 344% increase year-over-year. Total revenues and other income rose 55% to $52.04 billion. The company also acquired the Lindsey Oil Refinery assets for $115 million and recognized a $110 million gain from a divestment.

Phillips 66 announced strong second-quarter 2026 financial and operating results, reporting earnings of $3.8 billion, or $9.55 per share, and adjusted earnings of $3.8 billion, or $9.41 per share. The company significantly reduced its total debt by $6.6 billion to $20.6 billion and returned $887 million to shareholders. Operational highlights included record NGL fractionation and LPG export volumes, high refining utilization, and progress on new infrastructure projects like the Zeus Gas Plant and Coastal Bend NGL Fractionator.

Phillips 66 reported Q1 2026 net income attributable to Phillips 66 of $207 million, or $0.51 per share, a decrease from $487 million and $1.19 per share in Q1 2025, despite a rise in sales and other operating revenues to $32.54 billion. The company significantly increased its short-term debt to $8.45 billion and utilized a new $2.25 billion term loan. Operating cash flow was negative $2.26 billion, while financing activities provided $6.92 billion, leading to a substantial increase in cash and cash equivalents. The company also transferred $2.97 billion in gross PP&E related to the idled Los Angeles Refinery.

Phillips 66 reported first-quarter 2026 adjusted earnings of $200 million, or $0.49 per share, significantly down from $1.0 billion in Q4 2025, primarily due to $839 million in mark-to-market losses. The company increased its annualized quarterly dividend by 7% and maintained approximately $6.0 billion in liquidity. Strategic progress included the acquisition of Lindsey Oil Refinery and logistics assets, advancement of the Western Gateway Pipeline, and continued construction on the Iron Mesa gas plant and Golden Triangle/Ras Laffan Polymers Projects.

Phillips 66 announced preliminary Q1 2026 financial information, including an expected $900 million pre-tax loss due to mark-to-market adjustments on derivative contracts resulting from sharp increases in commodity prices. The company also provided ranges for income/(loss) before income taxes for each segment, with Refining, Marketing and Specialties, and Renewable Fuels segments expected to report losses.