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Net Income of Phillips Petroleum Is Up to $442 Million.
Byline: Paul English
Jul. 28--Phillips Petroleum Co. on Thursday reported second quarter net income of $442 million, way up from $68 million in the same period a year ago.
Total revenues were $5.4 billion, up from $3.2 billion a year ago.
Net operating income -- excluding special items -- was $439 million, or $1.73 a share, compared with $108 million, or 43 cents a share, in the second quarter of 1999.
Net operating income included foreign currency losses of $18 million in the second quarter of 2000, compared with losses of $9 million for the same period in 1999.
Excluding the effect of foreign currency losses from net operating …
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