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