8-KEarnings & ResultsExhibits & Filings

Phillips 66 8-K Report, Financial Results (Apr 29, 2022)

Filed April 29, 2022For Securities:PSX

Summary

Phillips 66 (PSX) filed an 8-K on April 29, 2022, primarily to furnish its earnings press release and supplemental financial and operating information for the quarter ended March 31, 2022. This filing is crucial for investors seeking to understand the company's performance in the first quarter of 2022. While the 8-K itself does not contain detailed financial figures, it directs investors to two key exhibits: the earnings press release (Exhibit 99.1) and supplemental information (Exhibit 99.2), both of which are furnished and incorporated by reference. Investors should review these exhibits for specific financial metrics, operational highlights, and management's commentary on the company's results and outlook. The information contained within the furnished exhibits is essential for assessing Phillips 66's profitability, cash flows, and operational efficiency during the reporting period. Key areas to examine would include segment performance (Midstream, Refining, Chemicals, Marketing and Specialties), capital expenditures, and any updates on strategic initiatives or share repurchases. Given that this filing announces the results, it's the primary source for understanding the immediate financial standing and operational achievements of the company as of the end of Q1 2022.

Key Highlights

  • 1Phillips 66 released its Q1 2022 financial and operating results on April 29, 2022, via an 8-K filing.
  • 2The 8-K primarily serves to furnish the earnings press release (Exhibit 99.1) and supplemental financial and operating information (Exhibit 99.2).
  • 3Investors need to review the furnished exhibits for detailed financial performance and operational data for the quarter ended March 31, 2022.
  • 4The filing indicates that the information is furnished, not filed, meaning it's not subject to certain liabilities under the Securities Exchange Act of 1934.
  • 5Key performance indicators and segment results for Q1 2022 would be found within the referenced exhibits.
  • 6The filing also includes the Cover Page Interactive Data File (Exhibit 104).

Frequently Asked Questions

The main purpose of this 8-K filing is to officially announce and provide access to Phillips 66's financial and operating results for the first quarter ended March 31, 2022, through furnished exhibits.

The actual financial results and operational details for Q1 2022 are located in the furnished exhibits: Exhibit 99.1 (the press release) and Exhibit 99.2 (supplemental financial and operating information), which are incorporated by reference into the 8-K.

No, the 8-K filing itself does not contain the detailed financial statements or management's discussion. Instead, it directs investors to the accompanying press release and supplemental information exhibits where this information is presented.

When information is 'furnished' under Item 2.02 of an 8-K, it means the company is providing it to the SEC but is not legally bound by the same disclosure obligations or liabilities as if it were 'filed' under other sections of the Securities Exchange Act of 1934. This is standard practice for earnings releases.