Phillips 66（PSX）2025年第四季度及全年业绩报告「NYSE」（英文版）（13页）.pdf

1、Fourth Quarter Reported fourth-quarter earnings of$2.9 billion or$7.17 per share;adjusted earnings of$1.0 billion or$2.47 per share;including$239 million of pre-tax accelerated depreciation on Los Angeles Refinery Achieved record NGL transportation and fractionation volumes of over 1 MMBD each Deliv

2、ered record clean product yield of 88%and operated at 99%crude capacity utilization in Refining Generated$2.8 billion of net operating cash flow,$2.0 billion excluding working capital Reduced debt by$2.0 billion during the quarter,ending the year at$19.7 billionFull-Year 2025 Earnings of$4.4 billion

3、 or$10.79 per share and adjusted earnings of$2.6 billion or$6.44 per share;including$964 million of pre-tax accelerated depreciation on Los Angeles Refinery Enhanced the portfolio through asset dispositions and acquisitions,each totaling$3.5 billion Achieved record NGL transportation and fractionati

4、on volumes,an increase of 22%and 23%,respectively,over the prior year.Record clean product yield and third-consecutive year above industry-average crude utilization Generated$5.0 billion of net operating cash flow,$6.1 billion excluding working capital Returned$3.1 billion to shareholders,representi

5、ng more than 50%of net operating cash flowHOUSTON,Feb.4,2026 Phillips 66(NYSE:PSX)announced fourth-quarter earnings.“2025 was a transformative year for Phillips 66.We sold the majority of our European retail business,acquired the remaining 50%interest in WRB,and improved our Midstream competitive po

6、sition with the acquisition of Coastal Bend and expansion of Dos Picos II,”said Mark Lashier,chairman and CEO of Phillips 66.“While enhancing our portfolio to focus on our core assets and geographies,we have also taken a disciplined approach to improving operations,particularly in refining,and uphel