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AI brief of an SEC Form 8-K · Phillips 66 (PSX)

Phillips 66 Q2 profit rises to $3.8 billion, or $9.55 a share, from $207 million in Q1

Positive Impact 4 of 5 earnings Written later

Phillips 66 reported second-quarter 2026 earnings of $3.8 billion, or $9.55 per diluted share, compared with $207 million, or $0.51 per share, in the first quarter. Adjusted earnings were $3.8 billion, or $9.41 per share, and the company reduced total debt by $6.6 billion to $20.6 billion, which matters to shareholders because it lowers the company's financial obligations while earnings rose.

Key points

  • Adjusted diluted EPS was $9.41 for Q2 2026, versus $0.49 in Q1 2026 and $2.38 in Q2 2025.
  • Total debt fell $6.6 billion to $20.6 billion as of June 30, 2026; net debt was $16.5 billion.
  • Refining crude capacity utilization was 96%, and Refining adjusted pre-tax income was $3.1 billion versus $208 million in Q1.
  • Shareholder returns in Q2 included $508 million in dividends and $379 million in share repurchases.

The filing

CompanyPhillips 66 (PSX)
Form8-K, current report
Filed with the SECAug 5, 2026, 10:03 AM ET
Accession number0001534701-26-000030

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 August 05, 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.