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Author Topic: Phillips 66 Q1 Profit Tops, But Crude Spreads Tighten Back to Topics
DoctorV

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Detroit

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Message Posted: Apr 30, 2014 4:49:04 PM

Phillips 66 reported first-quarter earnings that topped estimates Wednesday, but tightening crude spreads weighed on results.

The refiner's first-quarter earnings, ex items, fell 33% to $1.47. Revenue dipped 2.8% to $41.1 billion, falling short of analyst estimates for $42.9 billion.

Refining earnings fell to $306 million from $418 million in Q4.

"Our refining results were impacted by planned downtime at several of our Gulf Coast and Central Corridor refineries and tightening crude spreads," CEO Greg Garland said in the earnings release.
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REPLIES (newest first) Post a Reply
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lesndave
Champion Author Texas

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Message Posted: May 1, 2014 11:11:01 PM

Ok
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remay
Champion Author Houston

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Message Posted: May 1, 2014 10:46:02 PM

Thin by who's definition???
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RETIREMAN
Champion Author South Carolina

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Message Posted: May 1, 2014 5:40:44 PM

ok
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BIGOILEATURCRUD
Champion Author North Carolina

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Message Posted: May 1, 2014 11:53:40 AM



Phillips 66 (PSX)-NYSE

84.35 Up 1.13(1.36%) 11:51AM EDT
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teenitup
Champion Author Houston

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Message Posted: May 1, 2014 9:06:59 AM

Cut that profit margin half! Save Zeke33 a penny at the pump!
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DoctorV
Champion Author Detroit

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Message Posted: Apr 30, 2014 11:46:54 PM

"Insane" profits? What a tired cliche. They made less than 2 cents per gallon refining oil into fuel.
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Zeke33
Champion Author New Hampshire

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Message Posted: Apr 30, 2014 11:26:59 PM

Big Oil reaping insane profits at the expense of the consumer who is paying artificially high prices for petroleum.
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Yooperheart
Champion Author Michigan

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Message Posted: Apr 30, 2014 7:58:41 PM

good.
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dunesfly
Champion Author Cape Coral

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Message Posted: Apr 30, 2014 7:37:47 PM

ok
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Sneakers55
Champion Author Houston

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Message Posted: Apr 30, 2014 6:42:55 PM

An 0.74% profit margin. And now what were you telling me about the greedy oil companies?
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drz614
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Message Posted: Apr 30, 2014 6:24:46 PM

ok
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humblepie
Champion Author Toledo

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Message Posted: Apr 30, 2014 5:54:18 PM

good on phillips
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BIGOILEATURCRUD
Champion Author North Carolina

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Message Posted: Apr 30, 2014 5:48:53 PM

can't complain about 137% gain in 22 months
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DoctorV
Champion Author Detroit

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Message Posted: Apr 30, 2014 5:24:28 PM

Neither is 99% of the articles here.
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sydb7
Champion Author Atlanta

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Message Posted: Apr 30, 2014 5:04:52 PM

This is not useful information at the pump!
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