Phillips 66 Q2 Profit Rises - Quick Facts

(RTTNews) - Oil refiner and chemical maker Phillips 66 (PSX) reported that second-quarter net earnings grew to $1.01 billion or $1.84 per share from $863 million or $1.51 per share in the year-ago quarter.

Excluding items, adjusted net earnings for the quarter was $1.0 billion or $1.83 per share, compared to $863 million or $1.51 per share in the prior-year quarter.

On average, 17 analysts polled by Thomson Reuters expected earnings of $1.81 per share for the quarter. Analysts' estimates typically exclude one-time items.

"Our Refining, Chemicals, and M&S businesses delivered a strong quarter, providing solid earnings and cash flow. We operated well, executed major turnaround activity and progressed our capital projects. We also returned more than $600 million to shareholders through dividends and share repurchases," Chairman and CEO Greg Garland said.