Page 2 - Mark Lashier News Today

Phillips 66s adjusted earnings per share (EPS) for the quarter was $1.90, compared to adjusted EPS of $4.21 in the first quarter last year.

First-Quarter Results First-quarter earnings of $748 million or $1.73 per share; adjusted earnings of $822 million or $1.90 per share $1.6 billion returned to shareholders through dividends and...

Phillips 66 reported lower-than-forecast profits for the first quarter of the year, with refinery maintenance affecting product sales.

Refiner margins have scaled back from the peaks achieved after Russia's invasion of Ukraine in 2022, amid a rise in global refining capacity that has led to a drop in fuel prices. The company said its realized margins slumped about 47% to $10.91 per barrel in the first quarter from a year earlier, led by nearly a 50% decline in Gulf Coast margins. Shares of the refiner were down nearly 3% on Friday.

PSX earnings call for the period ending March 31, 2024.

PSX earnings call for the period ending March 31, 2024.

The dividend increase reflects the confidence we have in our growing mid-cycle cash flow generation and disciplined approach to capital allocation.

The refiner announced alignment with its activist investor as refining margins continued to increase.

The refiner announced alignment with its activist investor as refining margins continued to increase.

The board of directors of Phillips 66 has declared a quarterly dividend of $1.15 per share on Phillips 66 common stock, representing a 10% increase. The dividend is payable on June 3, 2024, to...