Revenue segments as reported by the company.

Sales and other operating revenues

Equity in earnings of affiliates

Net gain on dispositions

Other income (loss)

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative expenses

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Taxes other than income taxes

Accretion on discounted liabilities

Interest and debt expense

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Operating Expenses

Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Phillips 66

Cheveron Phillips Chemical is a petrochemical company jointly owned by Chevron Corporation and Phillips 66. The company was formed July 1, 2000 by merging the chemicals operations of both Chevron Corporation and Phillips Petroleum Company. As equally-owned company, it is governed by a board of directors composed of two members from each of the parent companies. The company was actually named in a coin toss to determine which parent company name would be first and which would be last.

Cheveron Phillips Chemical

Conoco was an American oil company founded in 1875 as the Continental Oil and Transportation Company. It is now a brand of gasoline and service station in the United States which belongs to Phillips 66 following the spin-off of ConocoPhillips' downstream assets in May 2012.

Conoco

76 is a chain of gas stations located within the United States. The 76 brand is owned by Phillips 66 Company. Union Oil Company of California, dba Unocal, the original owner and creator of the Union 76 brand, merged with Chevron Corporation in 2005.

Phillips 66 engages in the processing, transportation, storage, and marketing of fuels and other related products. The company operates through the following segments: Midstream, Chemicals, Refining, and Marketing & Specialties. The Midstream segment provides crude oil and refined products transportation, terminal, and processing services, as well as natural gas, natural gas liquids, and liquefied petroleum gas transportation, storage, processing, and marketing services. The Chemicals segment produces and markets petrochemicals and plastics worldwide. The Refining segment Refines crude oil and other feedstocks into petroleum products such as gasoline, distillates, and aviation fuels. The Marketing and Specialties segment purchases for resale and markets refined petroleum products such as base oils and lubricants, and power generation operations. The company was founded in 1875 and is headquartered in Houston, TX.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Phillips 66 (PSX) reports robust earnings, eyes growth amid challenges

Phillips 66 delivered strong financial performance in Q4 2022 and for the full year, focusing on shareholder returns and operational excellence.
Strategic initiatives in Midstream and Chemicals, refining transformation, and cost savings demonstrate the company's commitment to growth.
Challenges include turnaround expenses, project financing impacts, and uncertainties in refining operations, while opportunities exist in asset optimization and business growth.
Overall, Phillips 66 remains well-positioned with a solid financial foundation and strategic direction for future growth and value creation.

Phillips 66 posts record Q1 earnings, invests in renewables

Phillips 66 delivered a strong performance in Q1 2023, reporting record earnings and demonstrating financial stability through shareholder returns and operational efficiency.
Strategic investments in renewable fuels and high-return projects, coupled with cost-saving initiatives, position the company for long-term growth and profitability.
While facing challenges from market volatility and cost pressures, Phillips 66 remains focused on optimizing operations and seizing opportunities in renewable energy and petrochemicals.
Overall, Phillips 66's Q1 performance reflects a balanced approach to financial management, operational excellence, and strategic growth initiatives.

Phillips 66 excels in Q2 earnings, eyes growth opportunities

Phillips 66 delivered robust financial results, driven by strong refining performance and cost-saving initiatives. While facing challenges like supply-demand imbalances and legal issues, the company is focused on capitalizing on joint ventures and evaluating strategic portfolio moves. Opportunities lie in acquisitions/divestments, expansion projects, and enhanced market capture.

Phillips 66 exceeds targets, focuses on growth and shareholder returns

Phillips 66's Q3 2023 earnings call showcased strong performance, strategic acquisitions, and a commitment to enhancing shareholder value. The company is focused on refining performance, cost reductions, and capital allocation to drive growth. Challenges in refining margins and market conditions require ongoing monitoring and strategic adjustments.

Phillips 66 (PSX) reports robust Q4 earnings, eyes asset monetization

Phillips 66 (PSX) delivered strong financial results in Q4 2023, focusing on enhancing performance, reducing costs, and capturing synergies. The company aims for significant growth in adjusted EBITDA by 2025, with a strategic shift towards non-Refining segments. Challenges include tax benefit reductions and market-specific demand dynamics.

Phillips 66 (PSX) reports robust Q1 earnings and strategic growth plans

Phillips 66 reported strong Q1 2024 earnings, emphasizing financial performance, safety achievements, asset monetization plans, and progress in business transformation. Challenges include maintenance impacts, rising commodity prices, and upcoming turnaround expenses. Opportunities lie in cost reduction initiatives, asset monetization, and achieving synergies in the Midstream segment.

Phillips 66 reports robust Q2 earnings, focuses on efficiency and sustainability

Phillips 66 demonstrated solid financial performance, highlighted by strong earnings and cash flow, along with significant returns to shareholders.
Operational strengths in Refining, Midstream, and renewable energy underscore the company's commitment to efficiency and sustainability.
Challenges ahead include managing costs, navigating market dynamics, and addressing analyst inquiries, while opportunities lie in shareholder value creation and sustainable growth.

Phillips 66 excels in Q3 earnings, eyes sustainability and efficiency

Phillips 66 demonstrated strong financial performance, achieving cost reduction targets and returning significant value to shareholders.
While facing challenges in certain segments, the company's strategic focus on sustainability and operational efficiency positions it well for future growth.
Opportunities for margin improvement and strategic asset dispositions highlight potential avenues for further value creation and optimization.

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Net PPE

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Stockholders equity

Minority interest

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Book value per share

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Net change in cash

Free cash flow

Valero Energy

Bank of America recently downgraded the refining segment based on valuation and risk of peaking margins. Does this mean the group is not investible? Both refiners are compared head to head to determine if either refiner has what it takes to defy the BoA thesis. Victor is shown to have a more diverse business portfolio to limit exposure to falling crack spreads and, therefore, a more sound long-term investment.

Phillips 66 Vs. Valero Energy: One Is A Buy, And One Is Not

Phillips 66 (PSX) reported earnings 30 days ago. What's next for the stock?

Phillips 66 (PSX) Up 3.4% Since Last Earnings Report: Can It Continue?

Costco

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Merck

Procter & Gamble

If there's any one theme that supports the concept of safe stocks to buy, it's ambiguity. At first glance, Federal Reserve Chair Jerome Powell recently clarified that while inflation is finally moving in the right direction, policymakers still have much work to do.

Steady Eddies: 7 Unshakeable Stocks for Any Type of Market

HOUSTON--(BUSINESS WIRE)--Tivoli Midstream LLC, (“Tivoli”) today announced the closing of an acquisition of a crude oil pipeline system in Northern Texas (“NTX”) from affiliates of Phillips 66 Company (PSX). The acquisition will be made through Tivoli Services LLC, a subsidiary of Tivoli. NTX consists of approximately 140 miles of crude oil gathering and transportation pipelines and storage capacity in the Barnett Shale area of Northern Texas. The system, which extends through portions of Young.

Tivoli Midstream acquires NTX Gathering System from Phillips 66

Phillips 66 is a well-diversified downstream giant in the energy industry with a market cap of $50 billion. The company has a strong balance sheet, commitment to shareholder returns, and ongoing projects that highlight its resilience. However, the recent surge in stock price has lowered the dividend yield to 3.7%, which may not satisfy income-focused investors.

Phillips 66 - What To Make Of Its 4% Yield

Patterson Companies

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As contrarian investors, we have no desire to buy the stock market while it's hot. We wait for it to cool off.

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EOG Resources

Marathon Petroleum

Three energy stocks, Marathon (MPC), EOG Resources (EOG) and Phillips 66 (PSX), are well-poised to gain, though the oil pricing scenario, since the onset of the pandemic, looks extremely volatile.

Keep a Close Watch on These 3 Dividend Energy Stocks

Cboe Global Markets

UBS Group AG

The stock market has entered a bit of a pullback over the past few weeks. That's not too surprising, given the vigorous gains that the market enjoyed in the first half of 2023.

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Phillips 66 (PSX) is set to lay off 175 full-time employees and 100 contractors globally as part of its broader cost-cutting strategy.

Phillips 66 (PSX) to Lay Off 275 Staff as Its Cost-Cutting Plan

U.S. oil refiner Phillips 66 plans to cut 175 employees and realign its global finance and procurement operations into an "enterprise service organization," the company said on Tuesday.

Oil refiner Phillips 66 to deepen jobs cuts, realign staff

Oil & gas stock Phillips 66 (NYSE:PSX) is continuing to slide from its Aug. 11 three-year peak of $117.29, after a downgrade from BoFA Global Research to "neutral" from "buy.

Downgrade Pushes Oil Stock Further From Highs

Chevron

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Transocean

While it might not seem plausible at first glance, the narrative of oil stocks to buy is making a comeback. True, the Federal Reserve and its largely aggressive measures to tackle inflation through raising the benchmark interest rate in principle drive down the price of commodities, including hydrocarbon products.

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While the top- and bottom-line numbers for Phillips 66 (PSX) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Phillips 66 (PSX) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates (Revised)

Phillips 66 (PSX) plans to incorporate Archer Daniels' dry corn mill operations into the JV to convert grain-based alcohol into jet fuel.

Phillips 66 (PSX) in Talks With Archer Daniels Over Biofuel JV

U.S. oil refiner Phillips 66 and grain trader Archer-Daniels-Midland are discussing a biofuels joint venture with an aim toward producing lower-carbon jet fuel, three people familiar with the matter said.

Exclusive: Phillips 66, ADM in talks on biofuels joint venture - sources

Independent U.S. refiner Phillips 66 plans to run its refineries in the mid-90% range of their combined crude oil throughput capacity of 1.9 million barrels per day (bpd) in the third quarter of 2023, Chief Financial Officer Kevin Mitchell said on Wednesday.

Phillips 66 plans to run refineries at mid-90% of combined capacity in Q3

Lower costs and expenses aid Phillips 66's (PSX) earnings in Q2.

Phillips 66 (PSX) Q2 Earnings Top Estimates, Revenues Fall Y/Y

Phillips 66 (PSX) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Phillips 66 (PSX) came out with quarterly earnings of $3.87 per share, beating the Zacks Consensus Estimate of $3.54 per share. This compares to earnings of $6.77 per share a year ago.

Phillips 66 (PSX) Q2 Earnings and Revenues Surpass Estimates

Phillips 66 reported a sharp fall in second-quarter profit on Wednesday, the latest U.S. refiner to bear the brunt of a decline in margins from last year's sky-high levels when Russia's invasion of Ukraine squeezed fuel supplies.

Phillips 66 joins rival refiners with sharp quarterly profit drop

HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX), a diversified energy company, announces second-quarter 2023 earnings of $1.7 billion compared with earnings of $2.0 billion in the first quarter. Excluding special items of $69 million, the company had adjusted earnings of $1.8 billion in the second quarter, compared with first-quarter adjusted earnings of $2.0 billion. “We delivered strong financial results and continued executing on our strategic priorities,” said Mark Lashier, President and.

Phillips 66 Reports Second-Quarter 2023 Financial Results

Murphy USA

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MPC, PSX, MUSA and PBF present an opportunity for reliable returns in the Zacks Oil and Gas - Refining & Marketing industry.

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Worries about an economic slowdown and recession are likely to have hurt the refining business, thereby affecting Phillips 66's (PSX) Q2 earnings.

Phillips 66 (PSX) to Post Q2 Earnings: What's in Store?

Exxon Mobil

Retail gasoline prices have climbed to their highest since late April, buoyed by refinery outages and strength in crude oil prices that have the potential to lift drivers' costs at the pump to the highest since last summer.

Here's what might lead to a 10% spike in retail gasoline prices

U.S. diesel, heating oil and jet fuel stockpiles have failed to recover from the 10-year lows hit last year when high prices caused the Biden administration to consider a ban on fuel exports, leaving the markets vulnerable to supply shocks when demand picks up toward the end of the summer.

News for Phillips 66 Stock (PSX)