Phillips 66 10-Q quarterly reports

Phillips 66 reported a significant decrease in net income for the first quarter of 2026 compared to the prior year, primarily due to a large gain on asset disposition in 2025 and unfavorable commodity derivative impacts.

Phillips 66 reported a significant drop in Q3 2025 net income to $133 million, primarily due to a $948 million impairment on its WRB Refining LP investment and accelerated depreciation, despite strong Midstream segment growth.

Phillips 66 reported a decrease in second-quarter 2025 net income, impacted by accelerated depreciation from the Los Angeles Refinery idling plan and lower chemical margins, despite improved refining and marketing performance.

Phillips 66's Q1 2025 earnings were $487 million, down from $748 million in Q1 2024, primarily due to lower refining margins and turnaround activity.

Phillips 66's third-quarter earnings were significantly lower than the previous year due to decreased refining margins and a large litigation accrual, despite some gains in other areas.

Phillips 66 announced a net income of $1 billion for the second quarter of 2024, despite a decrease in refining margins compared to the same period last year.

Phillips 66's first quarter 2024 earnings were significantly lower than the previous year, primarily due to decreased refining margins.