-- Phillips 66 (PSX) reported Q1 adjusted earnings Wednesday of $0.49 per diluted share, swinging from an adjusted loss of $0.90 a share a year earlier.
Analysts polled by FactSet expected a non-GAAP loss of $0.54 a share.
The company raised its annualized quarterly dividend by 7%, according to the statement.
Phillips 66 shares were 2.2% higher in premarket trading.