Earnings ·
Phillips 66 reported second-quarter 2026 earnings of $3.8 billion, or $9.55 per diluted share, compared to $207…
PSXPhillips 66
Phillips 66 reported second-quarter 2026 earnings of $3.8 billion, or $9.55 per diluted share, compared to $207 million in the first quarter. Adjusted earnings were $3.8 billion, or $9.41 per diluted share. The company reduced total debt by $6.6 billion to $20.6 billion and net debt to $16.5 billion. Operating highlights included 96% crude capacity utilization, record NGL fractionation volumes, and full production at the Dos Picos II gas plant. Phillips 66 is an integrated downstream energy provider that manufactures, transports, and markets petroleum products, chemicals, and renewable fuels.