IHS Chemical Week

People & Business :: Earnings/Finance

Phillips 66 chemical earnings up 6% YOY on olefins, polyolefins

10:11 AM MST | January 29, 2014 | Clay Boswell

Phillips 66 (Houston) reports that fourth-quarter earnings for the chemicals segment, its 50% stake in Chevron Phillips Chemical (CPChem), increased 6% year-on-year (YOY), or $15 million, to $261 million. The company cites gains in CPChem’s olefins and polyolefins business and joint ventures, offset by results in the specialties, aromatics, and styrenics business....

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