Phillips 66 (PSX) an energy manufacturing and logistics company, reported first-quarter earnings of $1.41 billion up from $636 million in the first quarter of 2012. On a per share basis, earnings increased to $2.23 from $1.00 last year.
Adjusted earnings for the quarter rose to $1.38 billion, from last year's $764 million, with adjusted earnings per share increasing to $2.19 from $1.20 in the prior year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.89 per share for the quarter. Analysts' estimates typically exclude special items.
The Midstream segment, which includes results for Phillips 66's transportation business, recorded earnings of $110 million for the first quarter of 2013. Midstream adjusted earnings were $83 million, compared with $108 million in the prior year.
First-quarter Chemicals earnings were $282 million, an increase of $65 million from the same period last year primarily due to higher margins.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.