Phillips 66 Q4 reported profit $2.9 billion; adjusted $1.0 billion, slightly below Q3
Phillips 66 reported fourth-quarter 2025 earnings of $2.9 billion, or $7.17 per diluted share, compared with $133 million in the third quarter. Adjusted earnings were $1.0 billion, or $2.47 per share, versus $1.025 billion, or $2.52 per share, in the third quarter. The reported figure includes $2.0 billion of pre-tax special items, mainly from the partial sale of the Germany and Austria retail marketing business, while adjusted results were roughly steady.
Key points
- Reported earnings $2.9 billion ($7.17 per diluted share) vs. $133 million ($0.32) in Q3 2025
- Adjusted earnings $1.0 billion ($2.47 per share) vs. $1.025 billion ($2.52) in Q3 2025; sales and other operating revenues $34.1 billion vs. $34.5 billion in Q3
- Full-year 2025 earnings $4.4 billion ($10.79 per share); debt reduced by $2.0 billion in the quarter to $19.7 billion
- Announced 2026 capital budget of $2.4 billion, including $1.1 billion for sustaining capital
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits 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 February 04, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.