Phillips 66 Says It Is Executing Its Strategic Priorities To Increase Mid-Cycle Adjusted EBITDA To $14B By 2025 And Return Over 50% Of Operating Cash Flow To Shareholders
Portfolio Pulse from Benzinga Newsdesk
Phillips 66 aims to increase its mid-cycle adjusted EBITDA to $14 billion by 2025 and return over 50% of operating cash flow to shareholders. The company has already distributed $9.9 billion through share repurchases and dividends since July 2022, targeting $13 billion to $15 billion by the end of 2024. It also plans to divest assets not fitting its long-term strategy, including its retail marketing business in Germany and Austria.
April 26, 2024 | 11:03 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Phillips 66 is on track to significantly increase its mid-cycle adjusted EBITDA to $14 billion by 2025 and aims to return over 50% of its operating cash flow to shareholders, with plans to divest non-core assets.
Phillips 66's strategic priorities to increase EBITDA and return a significant portion of cash flow to shareholders, along with its asset divestiture plans, are likely to be viewed positively by investors. These actions demonstrate a strong commitment to enhancing shareholder value and optimizing its asset portfolio, which could lead to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100