Phillips 66 announced consolidated earnings results for the fourth quarter and full year of 2015. For the quarter, the company reported earnings was $650 million against $1,147 million a year ago. Adjusted earnings were $710 million against $913 million a year ago. Earnings per share of common stock were $1.20 against $2.05 a year ago. Adjusted earnings per share of common stock were $1.31 against $1.63 a year ago. Net cash provided by operating activities was $1,497 million. Capital expenditures and investments totaled $2.5 billion, supporting execution of the company's Midstream growth strategy, as well as the DCP Midstream recapitalization.

For the full year, the company reported earnings was $4,227 million against $4,762 million a year ago. Adjusted earnings were $4,193 million against $3,782 million a year ago. Earnings per share of common stock were $7.73 against $8.33 a year ago. Adjusted earnings per share of common stock were $7.67 against $6.62 a year ago. Capital spending of $4.3 billion, excluding $1.5 billion DCP Midstream contribution.