Phillips 66 reported Q4 2025 earnings of $2.9 billion ($7.17 per share) and adjusted earnings of $1.0 billion ($2.47 per share). Earnings for Q3 were $133 million.

1. 01

   Phillips 66 reported Q4 2025 earnings of $2.9 billion ($7.17 per share) and adjusted earnings of $1.0 billion ($2.47 per share). Earnings for Q3 were $133 million.

2. 02

   The company said its Q4 earnings included Marketing and Specialties segment pre-tax special item adjustments of $2.0 billion, primarily related to the partial disposition of its Germany and Austria retail marketing business.

3. 03

   The company said it generated $2.8 billion of net operating cash flow in Q4 ($2.0 billion excluding working capital) and reduced debt by $2.0 billion during the quarter, ending the year at $19.7 billion.

4. 04

   The company said it acquired the remaining 50% interest in WRB Refining LP, gaining full ownership of the Wood River and Borger refineries, and will consolidate both refineries at 100% beginning October 1, 2025.

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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