Phillips 66 sets 4Q earnings report date


Bartlesville employees of Phillips 66, the company formerly headquartered there and now in Houston, will learn the company’s financial results next month.

The company wil release the fourth-quarter and full-year 2023 financial results on Wednesday, January 31, 2024. Executive management will also hold a webcast at 11 a.m. Central Time to discuss the results following their release earlier in the day.

Phillips 66 reported third-quarter earnings of $2.1 billion or $4.69 a share and adjusted earnings of $2.1 billion and $4.63 a share.

It also generated $2.7 billilon in operating cash flow and returned $1.2 billion to shareholders through dividends and share repurchases.

Because of the strong third quarter earnings, the company indicated it would exceed its original strategic priority targets. So it increased its mid-cycle adjusted EBITDA growth target from $3 billion to $4 billion by 2025.