The company said it reported earnings of $1.0 billion ($2.38 per share) and adjusted earnings of $984 million ($2.31 per share) for Q2 2024. Earnings for Q1 were $748 million, and adjusted earnings were $822 million.

1. 01

   The company said it reported earnings of $1.0 billion ($2.38 per share) and adjusted earnings of $984 million ($2.31 per share) for Q2 2024. Earnings for Q1 were $748 million, and adjusted earnings were $822 million.

2. 02

   Phillips 66 said adjusted pre-tax income for its Midstream segment rose to $753 million in Q2 from $613 million in Q1. The company cited higher NGL volumes and margins, as well as lower costs, as the main factors.

3. 03

   The company said it sold its 25% non-operated interest in Rockies Express Pipeline LLC, generating cash proceeds of $685 million. Since 2022, total proceeds from asset dispositions have reached $1.1 billion, progress toward the company's previously announced target of over $3 billion.

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. Some paragraphs were omitted because their support in the source could not be confirmed.

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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