Where can I find the specific financial results for Phillips 66's third quarter of 2020?

The specific financial results are detailed in the press release furnished as Exhibit 99.1 and the supplemental financial and operating information provided as Exhibit 99.2, both of which are incorporated by reference into the 8-K filing dated October 30, 2020.

Does this 8-K filing contain the actual financial numbers?

No, the 8-K filing itself does not contain the detailed financial numbers. It serves as a notification that these results have been released and directs investors to the accompanying exhibits (Exhibit 99.1 and Exhibit 99.2) for the actual financial and operating data.

What is the significance of the information being 'furnished' rather than 'filed'?

When information is 'furnished' under Item 2.02 of an 8-K, it is not subject to the liability provisions of Section 18 of the Securities Exchange Act of 1934. This means the company and its management are not deemed to be making specific representations or warranties about the accuracy of that furnished information in the same way they would for information that is 'filed'.

What kind of information should I expect to find in the supplemental financial and operating information (Exhibit 99.2)?

Exhibit 99.2 typically provides more granular details beyond the standard press release. This could include segment-level performance, operational statistics (like throughputs, refinery utilization, etc.), key financial metrics, and potentially reconciliations or non-GAAP measures that offer a deeper insight into the company's performance drivers during the quarter.

PSX 8-K: Earnings & Results

Summary

Phillips 66 (PSX) filed an 8-K on October 30, 2020, to report its financial and operating results for the third quarter ended September 30, 2020. The filing primarily serves to furnish a press release and supplemental information, which are incorporated by reference. Investors should refer to the furnished exhibits for detailed financial performance and operational metrics during the period. The company's performance in this quarter would be of significant interest given the prevailing economic conditions at the time, influenced by global events and energy demand. The information provided in this 8-K is crucial for understanding Phillips 66's performance against expectations and the broader industry landscape. While the 8-K itself does not contain the detailed results, it directs investors to the specific press release and supplemental materials where these figures are disclosed. Therefore, a thorough review of Exhibit 99.1 and Exhibit 99.2 is essential for a comprehensive understanding of the company's third-quarter financial health and operational activities.

Key Highlights

1Phillips 66 announced its Q3 2020 financial and operating results on October 30, 2020, via an 8-K filing.
2The 8-K filing incorporates by reference a press release (Exhibit 99.1) containing the company's quarterly results.
3Supplemental financial and operating information for the quarter is also furnished as Exhibit 99.2.
4Investors are directed to these exhibits for detailed performance data and operational metrics for the period ended September 30, 2020.
5The filing does not contain the detailed financial results directly but rather points to external documents.
6The information furnished is not considered 'filed' for the purposes of the Securities Exchange Act of 1934.

Phillips 66 8-K Report, Financial Results (Oct 30, 2020)

Summary

Key Highlights

Frequently Asked Questions