Phillips 66

PSX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$758.00	Wpxnx	Clksghchg

Phillips 66 Earnings: Earnings Fall on Weaker Refining Margins, Partially Offset by DCP Acquisition

Allen Good

Aug 3, 2023

Phillips 66 reported second-quarter adjusted earnings of $1.8 billion, compared with $3.3 billion a year ago. The decrease was largely due to weaker refining earnings as a result of lower refining margins, but was aided by stronger midstream earnings from the completed acquisition of DCP Midstream.

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