Phillips 66 q4 earnings per share $1.64

Reports fourth-quarter earnings of $736 million or $1.64 per share, adjusted earnings of $689 million or $1.54 per share.q4 earnings per share $1.64.q4 earnings per share estimate $1.56 -- refinitiv ibes data.q4 adjusted earnings per share $1.54.refining fourth-quarter pre-tax income was $345 million, compared with $856 million in q3 of 2019.refining adjusted pre-tax income was $345 million in q4 of 2019, compared with $839 million in q3 of 2019.chemicals’ fourth-quarter pre-tax income was $150 million, compared with $227 million in the third quarter.midstream fourth-quarter pre-tax income was $405 million, compared with a pre-tax loss of $460 million in q3 of 2019.challenging market environment and turnaround activity impacted financial results in quarter.in midstream, commenced initial operations on 900,000 bpd gray oak pipeline, which is expected to reach full service in q2 of 2020.phillips 66 is expanding sweeny hub with addition of three 150,000 bpd fractionators.also at sweeny hub, phillips 66 partners is adding 7.5 million barrels of storage capacity at clemens caverns.liberty pipeline initial service is expected in first half of 2021.
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