Phillips 66 is a diversified energy manufacturing and logistics company committed to safely and sustainably providing essential energy products. The company's mission focuses on delivering value through operational excellence, innovation, and environmental stewardship. Phillips 66 operates across various segments, including refining, midstream, and chemicals, leveraging its extensive infrastructure and expertise to optimize supply chains and enhance energy efficiency. By investing in advanced technologies and renewable energy initiatives, Phillips 66 aims to meet the evolving energy needs of its customers while contributing to a lower-carbon future.

PHILLIPS 66

Phillips 66's fourth-quarter results for 2024 reveal a marked decline in profitability, reporting a net profit of just $8 million compared to $1.26 billion during the same period in 2023. This sharp decrease is primarily attributed to weakened refining margins, which drove refining losses up significantly from $108 million in...

Phillips 66 Reports Q4 2024 Loss Amid Declining Refining Margins but Exceeds Earnings Expectations

Phillips 66's fourth-quarter results reveal a stark contrast to last year, with a significant drop in profitability driven by declining refining margins. Can the company's strategic focus on cost reduction and renewable fuels pave the way for recovery in such a challenging market?