Phillips 66 Reports Third-Quarter 2021 Financial Results
October 29, 2021
- Reported third-quarter earnings of $402 million or $0.91 per share; adjusted earnings of $1.4 billion or $3.18 per share
- Generated $2.2 billion of operating cash flow; $1.4 billion excluding working capital
- Delivered strong Midstream, Chemicals, and Marketing and Specialties earnings
- Significant improvement in Refining realized margins
- Paid off $500 million term loan
- Recently increased quarterly dividend to 92 cents per share
- Recently announced agreement to acquire all publicly held units of Phillips 66 Partners
- Announced greenhouse gas emissions reduction targets
- Expanded presence in the battery supply chain through strategic investment in NOVONIX
https://investor.phillips66.com/financial-information/news-releases/news-release-details/2021/Phillips-66-Reports-Third-Quarter-2021-Financial-Results/default.aspx
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