Participants on today's call will include Mark Lashier, president and CEO; Kevin Mitchell, CFO; and Brian Mandell, marketing and commercial; Tim Roberts, midstream and chemicals; and Rich Harbison, refining. Today's presentation material can be found on the investor relations section of the Phillips 66 website, along with supplemental financial and operating information.
Shares of Phillips 66 (NYSE: PSX) fell more than 5% by 12:30 p.m. ET on Tuesday. Weighing on the refining company's stock price were its lackluster fourth-quarter results. Adjusted pre-tax income from its chemicals segment declined from $135 million in the third quarter to $52 million in the fourth quarter.
Lower contributions from the Chemicals segment hurt Phillips 66's (PSX) earnings in Q4.