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Phillips 66 — Third Quarter 2026 Earnings Summary

Phillips 66 reported third-quarter 2026 earnings of $5.6 billion, or $14.08 per diluted share, driven by a record refining segment performance with a 98% utilization rate and a 41% distillate yield. The company returned $2.8 billion to shareholders through dividends and share repurchases while reducing total debt by $2.0 billion to $18.5 billion. Operational highlights included a final investment decision on the Western Gateway Pipeline system and progress on the Coastal Bend expansion project, which is expected to reach full capacity in early 2027.

Company
PHILLIPS 66
Sector
Energy
Industry
Oil & Gas Refining & Marketing