Phillips 66 reported adjusted earnings of $5.6 billion or $14.08 per share, operating cash flow of $7.3 billion, and $2.8 billion returned to shareholders. Phillips 66 committed to returning greater than 50% of net operating cash flow, excluding working capital.
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Phillips 66 reported third quarter of 2026 earnings of $5.6 billion, driven by higher realized refining margins, and declared a $1.33 quarterly dividend. It also made a final investment decision for the proposed Western Gateway Pipeline, in which it owns 49.9%.
Phillips 66 reported third-quarter earnings and adjusted earnings of $5.6 billion or $14.08 per share. It returned $2.8 billion to shareholders and decreased total debt by $2.0 billion to $18.5 billion.
Phillips 66 Executive Vice President, Refining Richard G. Harbison intends to retire effective December 31, 2026.