Phillips 66 said second-quarter Q2 2025 earnings were $877 million, or $2.15 per share, and adjusted earnings were $973 million, or $2.38 per share. The company said these figures included $239 million of pre-tax accelerated depreciation on the Los Angeles Refinery.

1. 01

   Phillips 66 said second-quarter Q2 2025 earnings were $877 million, or $2.15 per share, and adjusted earnings were $973 million, or $2.38 per share. The company said these figures included $239 million of pre-tax accelerated depreciation on the Los Angeles Refinery.

2. 02

   The company said Q2 Refining capacity utilization was 98%, clean product yield was 86% and realized margin was $11.25 per barrel. Refining adjusted pre-tax income was $392 million, a change of $1,329 million from Q1 adjusted pre-tax income of $(937) million.

3. 03

   Phillips 66 said Q2 net operating cash flow was $845 million, or $1.9 billion excluding working capital. Return of capital to shareholders through dividends and share repurchases in the same quarter was $906 million.

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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