Phillips 66

PSX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Phillips 66 Earnings: Earnings Surge, Debt Falls on Strong Performance, Favorable Market

Allen Good

Aug 6, 2026

Phillips 66’s second-quarter 2026 earnings easily surpassed expectations on a combination of favorable market and strong operating performance. Results were strong across all segments, with meaningful sequential and year-over-year improvements, except in marketing.

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Phillips 66

Phillips 66 Earnings: Earnings Surge, Debt Falls on Strong Performance, Favorable Market

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