Phillips 66 Reports 1Q 2024 Financial Results, Highlights Strategic Priorities Progress
Adjusted pre-tax costs were $330 million in the first quarter of 2024, compared with $297 million in the fourth quarter.
- Adjusted pre-tax costs were $330 million in the first quarter of 2024, compared with $297 million in the fourth quarter.
- During the first quarter, Phillips 66 funded $1.2 billion of share repurchases, $448 million in dividends and $628 million of capital expenditures and investments.
- Phillips 66 is executing its strategic priorities to increase mid-cycle adjusted EBITDA to $14 billion by 2025 and return over 50% of operating cash flow to shareholders.
- Members of Phillips 66 executive management will host a webcast at noon ET to provide an update on the company’s strategic initiatives and discuss the company’s first-quarter performance.