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Phillips 66 Navigates $839 Million in Hedge Losses While Maintaining $6 Billion Liquidity

PSX8-KFiling Date: 4/29/2026
Phillips 66
Description

What this story covers

Phillips 66 reported first-quarter 2026 adjusted earnings of $200 million, heavily impacted by $839 million in mark-to-market losses. Despite weather disruptions and maintenance, the company maintained strong liquidity and returned $778 million to shareholders, demonstrating operational resilience.

Story snapshot

CompanyPhillips 66
TickerPSX
VariantStandard detailed
Duration4:50
Filing type8-K
PeriodQ1 2026
IndustryEnergy
Accession0001534701-26-000020
Sources1

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Primary Sources

sec_filing8-KView on SEC.gov →

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