Phillips 66 net profit rises 339% to $3.8bn in Q2 2026

Phillips 66 posted second-quarter net earnings of $3.8bn for the period ended 30 June 2026, up 339% from $877m in the comparable quarter of the previous year. The petroleum refineries company’s diluted earnings per share climbed 344% year-over-year to $9.55 from $2.15. Sales reached $51bn, a 53% increase from $33.3bn, while revenue grew 55% to $52bn from $33.5bn in the prior-year period.
The company attributed its performance to higher margins and improved operational efficiency across it