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

Depreciation and amortization

Impairments

Taxes other than income taxes

Accretion on discounted liabilities

Interest and debt expense

Foreign currency transaction gains

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

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

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

CVS Health

Lear

A good tool for spotting turnaround candidates is the price-sales ratio.

CVS, Phillips 66 and Lear Look Good on This Gauge

Phillips 66's position in the downstream and midstream segments of the markets is substantial as the company continues to improve margins. The company has a strong balance sheet with a comfortable debt level and the cash position to continue to invest opportunistically. We expect the company to continue generating strong shareholder returns while taking advantage of the market volatility, making it a valuable investment.

Phillips 66: Refineries Have Established Their Strength

Albertsons Companies

Ryder System

Walgreens

Walgreens Boots Alliance today announced that its board of directors has declared a quarterly dividend of 48 cents per share, unchanged from the previous quarter. The dividend is payable on Sept. 12, 2023, to stockholders of record as of Aug. 21, 2023. Walgreens Boots Alliance and its predecessor company, Walgreen, have paid a dividend in 363 straight quarters or more than 90 years.

Daily Dividend Report: Walgreens Boots Alliance, CSX, Phillips 66, Ryder System, Albertsons

Albemarle

Bunge Global SA

International Paper

McDonald's

Sempra Energy

While the post-pandemic market cycle inspired much speculation into the mix, forward-thinking investors may want to use this time to strategize the best retirement stocks in July. Fundamentally, the future arrives sooner than you expect.

The 7 Best Retirement Stocks to Buy in July

EOG Resources

Exxon Mobil

The energy sector offers significant potential for long-term returns due to high dividends and undervalued stocks. The sector has become more investable due to cost-cutting measures and a focus on shareholder interests. Despite a challenging year in 2022, the energy sector provided a safe haven for investors. Companies that are undervalued and offer solid dividends present the best opportunities for successful compounding. Exxon Mobil, Phillips 66, and EOG Resources are highlighted as top energy stocks for dividend investors, offering good prospects for continued dividend growth, quality management, and solid growth prospects.

3 Energy Dividend Picks That Are Intrinsically Undervalued

HOUSTON--(BUSINESS WIRE)---- $PSX--Phillips 66 released its 2023 Sustainability Report today, highlighting the company's efforts to build a strong and resilient business.

Phillips 66 Highlights Resiliency in 2023 Sustainability Report

Canadian Natural Resources

Williams

Large-cap companies WMB, PSX and CNQ present an opportunity for long-term stability and reliable returns in the energy space.

3 Large-Cap Energy Stocks Offering Stability & Dividend Yield

Devon Energy

Suncor Energy

In an exciting turn of events, natural gas futures prices soared on the international market. According to the U.S. Energy Information Administration, Bloomberg Finance L.P.

3 Energy Stocks to Snap Up on Natural Gas News

Phillips 66 (NYSE:PSX ) J.P. Morgan 2023 Energy, Power and Renewables Conference June 21, 2023 11:20 AM ET Company Participants Mark Lashier - President & Chief Executive Officer Jeff Dietert - Vice President-Investor Relations Conference Call Participants John Royall - JPMorgan John Royall Okay.

Phillips 66 (PSX) J.P. Morgan 2023 Energy, Power and Renewables Conference (Transcript)

Phillips 66 (PSX) expects the integration of DCP Midstream's business into the larger company to take two years.

Phillips 66 (PSX) Acquires All Public DCP Midstream Units

HOUSTON & DENVER--(BUSINESS WIRE)---- $PSX--Phillips 66 and DCP Midstream, LP completed the acquisition by Phillips 66 of all the publicly held common units in DCP Midstream for $41.75 per unit.

Phillips 66 Completes Acquisition of DCP Midstream, LP Common Units

iShares Global Infrastructure ETF

Utilities Select Sector SPDR Fund

Phillips 66 sports a solid balance sheet and a dedication to increasing its payout. There's no better way to buy a basket of utility stocks than the Utilities Select Sector SPDR Fund.

3 Passive Income Powerhouses to Buy in June

Avis Budget Group

Archer-Daniels-Midland Company

Nutrien

Ovintiv

Stellantis N.V. 

While acquiring high-momentum shares in the hopes of even greater returns may represent a sound tactic, arguably most investors prefer targeting the most undervalued stocks to buy. At the psychological level, a certain pioneering appeal exists about discovering the next big thing before the crowd arrives.

The 7 Most Undervalued Stocks to Buy in June 2023

Allstate

Coca-Cola

Procter & Gamble

Alarm.com

Kelly Services

Kroger

Although recent data points suggest that investors should anticipate a robust bull market ahead, a potentially upcoming plot twist might favor the best stocks for looming recession. At first, such a notion seems ridiculous primarily because of the most recent May jobs report.

The 7 Best Stocks to Buy in June for the Looming Recession

HOUSTON--(BUSINESS WIRE)---- $PSX--Phillips 66 executives will participate in a fireside chat at the J.P. Morgan Energy, Power & Renewables Conference on June 21.

Phillips 66 to Speak at J.P. Morgan Energy, Power & Renewables Conference

LINDEN, N.J.--(BUSINESS WIRE)--Linden Cogeneration (Linden Cogen) has successfully completed the commissioning process of its hydrogen blending initiative which stands to curb CO2 emissions by reducing the amount of natural gas used for power and steam generation. After such modifications, including PSM's FlameSheetTM system, Linden Cogen is now taking refinery off gas containing hydrogen produced by the Phillips 66 (NYSE: PSX) Bayway Refinery and blending it with natural gas to fuel the unit 6.

Linden Cogeneration and Phillips 66 Bayway Refinery Complete Hydrogen Blending Commissioning

Phillips 66 has made a strong financial comeback since the pandemic, with impressive Q1 2023 earnings and a positive outlook from institutional investors. The company offers an attractive blend of value and income through dividends and share buybacks, with a current dividend yield of 4.16%. Despite potential risks from macroeconomic factors and regulatory pressures, Phillips 66's diversified portfolio and strong ESG ratings make it an appealing stock for investors.

Phillips 66: Impressive Fundamentals Provide For Long-Term Value

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

Why Is Phillips 66 (PSX) Up 0.8% Since Last Earnings Report?

American Electric Power Company

Amgen

Bank of America

Blackrock Inc

ConocoPhillips

Cisco Systems

Goldman Sachs

Johnson & Johnson

Medtronic

Morgan Stanley

Pfizer

PNC Financial Services

Target

U.S. Bancorp

Vanguard High Dividend Yield ETF

There are 20 stocks on my high yield watchlist for June 2023. The majority of the stocks on my watchlist are undervalued based on dividend yield theory. An equally weighted portfolio of these stocks underperformed the Vanguard High Yield Dividend ETF by about 1.5% during the month of May.

High Yield Stock Watchlist: June 2023

Marathon Petroleum

In this four-part series, I will review how to structure a dividend investor's oil and energy portfolio with my oil and energy playbook. Part 2 will discuss the general strategy and our second position, the running back. The playbook discusses strategies for maximizing returns throughout the commodity cycle, not just during upswings.

The Dividend Investor's Oil Playbook - Part 2

Phillips 66 offers value and yield in the refining and chemical sector, with a strong long-term outlook and significant progress in its core business. The company's extensive chemical footprint, including the joint venture with Chevron Phillips Chemical Company LLC (CPChem), sets it apart from competitors and positions it well for the growing demand for advanced chemicals. With a healthy balance sheet and attractive valuation, PSX offers a potential upside of 28% to $120 per share and a longer-term target of $150.

Phillips 66: Harvesting Juicy Energy Dividends

News for Phillips 66 Stock (PSX)