Phillips 66 reports USD 5.6 billion earnings. Dividend per Phillips 66 stock is USD 1.33

Published on 10/29/2026 at 12:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Phillips 66 posted USD 5.6 billion adjusted earnings and USD 14.08 per share. Phillips 66 stock costs EUR 247.60 on October 29, 2026.

Third-quarter operating gains

Phillips 66 reported USD 5.6 billion in adjusted earnings for the third quarter of 2026 on October 28, 2026.
Refining utilization reached 98 percent in the third quarter of 2026.
Phillips 66 stock traded at EUR 247.60 at 11:50 a.m. CET at Lang & Schwarz on October 29, 2026.

Phillips 66, US7185461040, Illustration mit AI erstellt.

Phillips 66 (ISIN US7185461040) reported USD 5.6 billion in adjusted earnings for the third quarter of 2026, with refining utilization reaching 98 percent. The company published the results on October 28, 2026, in a Phillips 66 release.

Refining drives the quarter

The earnings result compares with adjusted earnings of USD 3.8 billion in the second quarter of 2026. Adjusted diluted earnings per share reached USD 14.08, up from USD 9.41 in the second quarter.

Refining was the central operating contributor. Adjusted refining pre-tax income rose to USD 6.06 billion from USD 3.09 billion in the second quarter, while realized refining margins increased to USD 38.00 per barrel from USD 24.08.

Cash returns and debt reduction

Phillips 66 returned USD 2.8 billion to shareholders through dividends and share repurchases during the third quarter. Operating cash flow reached USD 7.3 billion, including USD 6.2 billion excluding the working capital benefit.

Total debt fell by USD 2.0 billion to USD 18.5 billion as of September 30, 2026. Net debt declined to USD 12.7 billion, and the net debt-to-capital ratio reached 26 percent, ahead of the company's 2027 target.

Projects extend the operating story

The release also reported a final investment decision for the Western Gateway Pipeline system, which is expected to enter service in 2029. Coastal Bend expansion volumes are expected in the fourth quarter of 2026, with full ramp-up to 350,000 barrels per day expected in early 2027.

Stock price and company facts

Phillips 66 was trading at EUR 247.60 at Lang & Schwarz on October 29, 2026 at 11:50 a.m. CET. The quote is an intraday indication; the company's primary listing is on the New York Stock Exchange.

The further course of trading is shown by the continuously updated real-time quote of Phillips 66 stock.