Thu, Feb 26, 2015, 8:46 PM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Phillips 66 Message Board

  • bluecheese4u bluecheese4u Jul 31, 2013 2:40 PM Flag

    Phillips 66 2Q profit falls 19 percentET

    Phillips 66 2Q profit falls 19 percent

    Phillips 66 Reports Second-Quarter Earnings of $958 Million or $1.53 Per Share

    07/31/2013 9:13 AM ET

    Phillips 66 said Wednesday that second-quarter earnings fell 19 percent as it failed to get the price advantage it got previously from refining U.S. crude oil and dealt with refinery outages.

    The refining division's adjusted earnings fell by nearly half partly due to outages at several refineries, including the Sweeny refinery built in Texas in 1942 and the Wood River refinery which began operations in Illinois in 1918. Earnings from the chemicals division fell too.

    The company said it earned $958 million, or $1.53 per share, compared with $1.18 billion, or $1.86 per share, a year earlier.

    Excluding a gain on asset sales, adjusted earnings were $935 million, or $1.50 per share. Revenue fell 8 percent to $43.95 billion.

    Analysts expected the company to earn $1.81 per share on revenue of $42.03 billion, according to FactSet.

    Phillips 66 shares rose 49 cents to $58.97 in morning trading.

    businessweek

 
PSX
80.06+0.97(+1.23%)Feb 26 4:05 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.