Phillips 66 Reports Fourth-Quarter 2020 Financial Results
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Phillips 66 (PSX) Misses Q4 EPS by 11c
January 29, 2021 7:05 AM ESTPhillips 66 (NYSE: PSX) reported Q4 EPS of ($1.16), $0.11 worse than the analyst estimate of ($1.05).
Fourth Quarter
Reported a fourth-quarter loss of $539 million or $1.23 per share; adjusted loss of $507 million or $1.16 per shareGenerated operating cash flow of $639 millionCompleted Sweeny Hub Phase 2 expansion and the fourth dock at Beaumont TerminalCommissioned second dock and additional storage at South Texas Gateway TerminalOperated at 101% O&P utilization in ChemicalsAnnounced 2021 capital budget of $1.7 billion, including Phillips 66 Partners2020 was a year of unprecedented challenges, said Greg Garland, chairman and CEO of... More
