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News  ›  Benzinga

Phillips 66 Q3 Earnings Beat, Record Refining Utilization At 99%

Benzinga Logo Benzinga By Lekha Gupta
Phillips 66 Q3 Earnings Beat, Record Refining Utilization At 99%

Phillips 66 reported strong Q3 earnings, beating Wall Street estimates with $2.52 adjusted earnings per share and $34.98 billion in revenue. The company achieved record 99% refining utilization and continues progress on key polymer projects.

Insights
PSX   positive

Exceeded earnings expectations, achieved record refining utilization, generated strong cash flow, and made strategic acquisitions