Phillips 66 Q2 earnings rise to $877 million, $2.15 a share from $487 million in Q1
Phillips 66 reported second-quarter 2025 earnings of $877 million, or $2.15 per diluted share, up from $487 million, or $1.18 per share, in the first quarter. Adjusted earnings were $973 million, or $2.38 per share, compared with an adjusted loss of $368 million in the first quarter, and the company returned $906 million to shareholders through dividends and buybacks.
Key points
- Reported earnings were $877 million, or $2.15 per diluted share, versus $487 million, or $1.18 per share, in Q1 2025.
- Adjusted earnings were $973 million, or $2.38 per share, versus an adjusted loss of $368 million in Q1 2025.
- Compared with Q2 2024, reported earnings of $1,015 million and $2.38 per share were higher than this quarter's $877 million, $2.15 per share.
- Net operating cash flow was $845 million, and $906 million was returned to shareholders through dividends and share repurchases.
The filing
Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 25, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.