Phillips 66 (PSX) Q2 2026 Earnings Call Transcript
Phillips 66 reported Q2 2026 adjusted earnings of $3.8 billion, or $9.41 per share, citing higher refining margins and marketing margins. Refining realized margin rose to $24.08 per barrel. Total debt fell to $20.6 billion and net debt to $16.5 billion. Operating cash flow was $4.3 billion; shareholder returns were $887 million.



