Phillips 66 Reports Higher Q1 2026 Earnings Due to Improved Refining Margins
Phillips 66 (PSX) reported first-quarter 2026 earnings of $0.51 per share, surpassing expectations and reversing a loss from the same period in 2025. The improvement was driven by higher refining margins and increased crude capacity utilization, despite a mark-to-market charge from derivative positions.
Tickers: $PSX
Topics: Debt Levels Dividends Earnings Refining Margins Stock Repurchases