U.S. refiners to post worst second-quarter results in a decade

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Go back to U.S. refiners to post worst second-quarter results in a decade

Phillips 66 (PSX) Tops Q2 EPS by 18c

July 31, 2020 7:02 AM EDT

Phillips 66 (NYSE: PSX) reported Q2 EPS of ($0.74), $0.18 better than the analyst estimate of ($0.92).

Reported a second-quarter loss of $141 million or $0.33 per share; adjusted loss of $324 million or $0.74 per shareGenerated $764 million of operating cash flowIssued $2 billion of senior notes during the quarter; increased term loan capacity by $1 billionStarted full operations on the Gray Oak PipelineReached milestone at South Texas Gateway Terminal with first export cargo loaded in... More

Valero Energy (VLO) Tops Q2 EPS by 16c, Revenues Miss

July 30, 2020 6:33 AM EDT

Valero Energy (NYSE: VLO) reported Q2 EPS of ($1.25), $0.16 better than the analyst estimate of ($1.41).

Reported net income attributable to Valero stockholders of $1.3 billion, or $3.07 per share.Reported adjusted net loss attributable to Valero stockholders of $504 million, or $1.25 per share.Returned... More