Phillips 66 (PSX) Tops Q3 EPS by 3c

Phillips 66 (NYSE: PSX) reported Q3 EPS of $1.60, $0.03 better than the analyst estimate of $1.57.

Highlights

• Achieved 98 percent utilization in Refining
• CPChem successfully started up operations of its two new U.S. Gulf Coast polyethylene units
• Further reducing 2017 capital guidance
• Returned $817 million to shareholders through dividends and share repurchases
• Announced new $3 billion share repurchase program
• Phillips 66 Partners announced $2.4 billion acquisition from Phillips 66 and raised $1.7 billion through equity and debt offerings in October

For earnings history and earnings-related data on Phillips 66 (PSX) click here.

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