AI English summary of an SEC filing — figures as filed

Phillips 66 said Q4 2024 net income was $8 million, or $0.01 per share, and adjusted loss was $61 million, or $0.15 per share. For Q3, net income was $346 million and adjusted earnings were $859 million.

8-KResults of Operations and Financial ConditionFiled Jan 31, 2025Period of report Jan 31, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Phillips 66 said Q4 2024 net income was $8 million, or $0.01 per share, and adjusted loss was $61 million, or $0.15 per share. For Q3, net income was $346 million and adjusted earnings were $859 million.
The company said fourth-quarter results included $230 million pre-tax of accelerated depreciation related to the Los Angeles Refinery. Refining's fourth-quarter pre-tax loss was $775 million.
The company said 2024 operating cash flow was $4.2 billion, or $4.8 billion excluding working capital, and it returned $5.3 billion to shareholders through dividends and share repurchases.
The company announced its next phase of strategic priorities through 2027, including returning greater than 50% of operating cash flow to shareholders, growing Midstream and Chemicals mid-cycle adjusted EBITDA by $1 billion in total, and reducing total debt to $17 billion.

Summary

AI-written

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.

Fourth-Quarter Net Income $8 million, Adjusted Loss $61 million

Phillips 66 said Q4 2024 net income was $8 million, or $0.01 per share, and adjusted loss was $61 million, or $0.15 per share. For Q3, net income was $346 million and adjusted earnings were $859 million.

Source · Based on the filing body and exhibits

Los Angeles Refinery Accelerated Depreciation and Refining Loss

The company said fourth-quarter results included $230 million pre-tax of accelerated depreciation related to the Los Angeles Refinery. Refining's fourth-quarter pre-tax loss was $775 million.

Source · Based on the filing body and exhibits

Full-Year Operating Cash Flow and Shareholder Returns

The company said 2024 operating cash flow was $4.2 billion, or $4.8 billion excluding working capital, and it returned $5.3 billion to shareholders through dividends and share repurchases.

Source · Based on the filing body and exhibits

New Strategic Priorities Through 2027

The company announced its next phase of strategic priorities through 2027, including returning greater than 50% of operating cash flow to shareholders, growing Midstream and Chemicals mid-cycle adjusted EBITDA by $1 billion in total, and reducing total debt to $17 billion.

Source · Based on the filing body and exhibits

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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