Phillips 66 Announces Consolidated Earnings for the Fourth Quarter and Year of 2012; Expects Tax Rate for the First Quarter of Fiscal 2013
For the year, the company reported consolidated earnings of $4,124 million or $6.48 per share against $4,775 million or $7.52 per share a year ago. Adjusted earnings were $5,387 million or $8.46 per share against $3,591 million or $5.66 per share a year ago. Net cash provided by operating activities was $4,296 million. Excluding working capital, operating cash flow was $5.5 billion.
As for the company's effective tax rate, the company expects the tax rate to be in the low to 30s for the first quarter of 2013.