PSX News and Press, Phillips 66 From 04/29/22

Phillips (NYSE:PSX) reported Q1 results ahead of the market open Friday, beating expectations and announcing a restart of the company's share repurchase program. Chairman Garland said, "we saw substantially improved financial results from our operations in March and expect continued strong pe...

Phillips 66 press release (NYSE:PSX): Q1 Non-GAAP EPS of $1.32 beats by $0.05. Shares +2% PM. “In the first quarter, we generated strong cash flow in a volatile market environment with seasonally lower margins across our businesses,” said Greg Garland, Chairman and CEO of P...

Reported first-quarter earnings of $582 million or $1.29 per share; adjusted earnings of $595 million or $1.32 per share Generated $1.1 billion of operating cash flow; $1.3 billion excluding working capital Repaid $1.45 billion of debt in April Announced plan to restart sh...

Phillips 66 (NYSE: PSX) announced today that it intends to resume its share repurchase program in the second quarter of 2022. The company suspended share repurchases in March 2020 to preserve liquidity. The temporary suspension was in response to the global economic disruption caused by...

It should come as no surprise that fuel shortages emerged following Russia's invasion of Ukraine. Shortly after the war began, BP (BP) and Shell (SHEL) flagged distillate shortages in Germany. Thereafter YPF (YPF) indicated that it was struggling to import diesel ahead of the harvest in Argen...

Phillips 66 (NYSE:PSX) is scheduled to announce Q1 earnings results on Friday, April 29th, before market open. The consensus EPS Estimate is $1.27 (compared to -$1.16 in year ago quarter) and the consensus Revenue Estimate is $34.86B (+59.0% Y/Y). In the March quarter, demand for refined petr...

Tuesday, Italy's Industry Minister announced plans to raise the topic of nationalizing a Lukoil-owned refinery based in Sicily when the Italian Cabinet meets Thursday. Wednesday, Economy Minister Robert Habeck said Germany is preparing to nationalize the Rosneft-owned (OTCPK:RNFTF) ...

Valero (VLO) reported Q1 results ahead of the US equity market open Tuesday, beating earnings, flagging improved refining results in Q2, pulling forward the delivery date for Port Arthur's DGD expansion, but showing weakness in bio-fuels segments: Earnings - the Company reported Q1 adjusted E...

The energy market route began last Thursday when, despite stable commodity markets, small-cap energy stocks sold off aggressively into the weekend. The selloff continued Monday, as China demand fears outweighed mixed supply news over the weekend. Early Monday, hedged oil producers like W&...

Valero (NYSE:VLO) is set to report Q1 earnings ahead of the market open Tuesday; analysts are expecting $1.64 in earnings per share from the company during Q1. However, EPS estimates for Q2 have risen from $2.50 only three weeks ago, to $3.20 currently. Wall Street analyst Paul Sankey of...