Post Tagged with: "second quarter earnings"

Source: Reuters

Refiner Phillips 66 posts smaller-than-expected loss on higher retail margins


Phillips 66 posted a smaller-than-expected loss on Friday as the refiner’s retail marketing business, which buys and resells petroleum products, benefited from a decline in prices following the coronavirus crisis.

The unit buys refined products from others and resells …

Source: CNBC

Dividend payments plunge by $42.5 billion in worst quarter for income investors since financial crisis


Companies struggling to get through the coronavirus slashed the amount of money they returned to shareholders through dividends in the second quarter.

The net change in Q2 payouts, or the difference between increases and decreases, for all domestic common …

July 8, 2020 - 2:30 pm Capital Markets, Earnings, Finance