The company said its net income for Q4 2023 was $1.3 billion ($2.86 per share), and its adjusted earnings, excluding special items of $102 million, were $1.4 billion ($3.09 per share). Its net income for Q3 was $2.1 billion, and its adjusted earnings were $2.1 billion.

1. 01

   The company said its net income for Q4 2023 was $1.3 billion ($2.86 per share), and its adjusted earnings, excluding special items of $102 million, were $1.4 billion ($3.09 per share). Its net income for Q3 was $2.1 billion, and its adjusted earnings were $2.1 billion.

2. 02

   Phillips 66 said Refining adjusted pre-tax income for Q4 was $797 million, down from $1.7 billion in Q3. The company cited the decline in realized margins per barrel, from $18.96 to $14.41, as the main factor.

3. 03

   The company said it generated $2.2 billion in cash from operating activities in Q4 2023. It said it funded $1.2 billion in share repurchases and $457 million in dividends in the same quarter. Capital expenditures and investments were $634 million.

4. 04

   The company said it had $3.3 billion in cash and cash equivalents and $6.4 billion of committed capacity available under credit facilities as of December 31, 2023. Its debt-to-capital ratio was 38%, and its net debt-to-capital ratio was 34%.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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