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

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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

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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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Book value per share

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Purchase/sale of investments

Purchase/sale of business

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Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Colgate-Palmolive

Chevron

Horizon Pharma

Johnson & Johnson

Paul Tudor Jones (Trades, Portfolio), founder and chief investment officer of Boston-based Tudor Investment Group, disclosed in a regulatory filing that his firm's top buys during the first quarter included new positions in Phillips 66 ( PSX , Financial) and Johnson & Johnson ( JNJ , Financial). The firm also boosted its holdings of Horizon Therapeutics ( HZNP , Financial), Chevron Corp. ( CVX , Financial) and Colgate-Palmolive Co. ( CL , Financial).

Top 5 Buys of Paul Tudor Jones' Firm in the 1st Quarter

BOZEMAN, Mont.--(BUSINESS WIRE)--Bridger Photonics Inc. (“Bridger”) has contracted with Phillips 66 to use laser-based technology to detect methane emissions across four states. Bridger is a methane leak detection technology provider that uses sensors attached to small aircraft to scan natural gas infrastructure, including pipelines for methane leaks. Phillips 66 is using Bridger's technology in Colorado, Oklahoma, Kansas, and Texas. Methane is the main constituent of natural gas, an important.

Bridger Photonics Aerial Laser Technology Helps Phillips 66 Reduce Methane Emissions

Caterpillar

Enbridge

Baker Hughes Co

Solaris Oilfield Infrastructure

At first glance, the idea of dividend stocks to buy as oil prices soar seems incredibly contrarian. Although the alliance between the Organization of the Petroleum Exporting Countries (OPEC) and non-member oil-producing nations — known as OPEC+ — in early April sparked initial fears because of their surprise production cuts, prices have been relatively muted.

7 Dividend Stocks to Buy as Oil Prices Soar in 2023

Costco

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Bunge Global SA

Newmont Mining

Ross Stores

While Wall Street apparently seems content with the federal government's efforts to contain recent banking failures, investors may want to start targeting inflation-resistant stocks to buy just in case. To be sure, the nuances behind bank bailouts are complex.

7 Inflation-Proof Stocks to Buy for More Bank Bailouts

Strong refining margins worldwide aid Phillips 66's (PSX) earnings in Q1.

Phillips 66 (PSX) Q1 Earnings Beat Estimates, Revenues Fall Y/Y

HF Sinclair Corp

Evolution Petroleum

Enerplus

Magnolia Oil & Gas Corp

PBF Energy

Valero Energy

While the narrative of undervalued energy stocks to buy might not seem so pressing right now, investors may want to get in before the wave does. Early last month, the alliance between the Organization of the Petroleum Exporting Countries (OPEC) and non-member oil-producing nations — known as OPEC+ — shocked the market with unexpected production cuts.

The 7 Most Undervalued Energy Stocks to Buy in May 2023

Phillips 66 (NYSE:PSX ) Q1 2023 Earnings Conference Call May 3, 2023 12:00 PM ET Company Participants Jeff Dietert - Vice President-Investor Relations Mark Lashier - President & Chief Executive Officer Kevin Mitchell - Chief Financial Officer Brian Mandell - Marketing & Commercial Tim Roberts - Midstream & Chemicals Rich Harbison - Refining Conference Call Participants Neil Mehta - Goldman Sachs Doug Leggate - Bank of America Ryan Todd - Piper Sandler Manav Gupta - UBS John Royall - JPMorgan Matthew Blair - TPH Paul Cheng - Scotiabank Jason Gabelman - Cowen Operator Welcome, everyone to the First Quarter 2023 Phillips 66 Earnings Conference Call. My name is Sierra, and I will be your operator for today's call.

Phillips 66 (PSX) Q1 2023 Earnings Call Transcript

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

Here's What Key Metrics Tell Us About Phillips 66 (PSX) Q1 Earnings

Phillips 66 (PSX) came out with quarterly earnings of $4.21 per share, beating the Zacks Consensus Estimate of $3.58 per share. This compares to earnings of $1.32 per share a year ago.

Phillips 66 (PSX) Q1 Earnings and Revenues Beat Estimates

HOUSTON--(BUSINESS WIRE)---- $PSX--Phillips 66, a diversified energy company, announces first-quarter 2023 earnings of $2.0 billion, or $4.20 per share.

Phillips 66 Reports First-Quarter 2023 Financial Results

Phillips 66's Chemicals Segment is frequently overlooked due to its bigger Refining & Midstream Segments. Today, I'll discuss why PSX's Chemicals Segment is so important for shareholders. PSX's Chemicals Segment primarily consists of a 50/50 joint-venture with Chevron called CPChem.

Phillips 66: The Importance Of The Chemicals Segment

Phillips 66 has proven its mettle over COVID-19, has shown the sanctity with which management treats the dividend, and has strong buybacks. Midstream is strong and will likely remain so as the world continues to readjust to dislocations in global energy markets from Ukraine.

Phillips 66: Attractively Valued Refiner With Quality Yield

The sustained lower crude prices are likely to have a relatively negative effect on Phillips 66's (PSX) refining margins in Q1.

Phillips 66 (PSX) to Report Q1 Earnings: What to Expect?

Phillips 66 (PSX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Phillips 66 (PSX) Earnings Expected to Grow: Should You Buy?

Phillips 66: A $4.20 Dividend (4% Yield) To Celebrate 420 Day.

Phillips 66: A $4.20 Dividend (4% Yield) To Celebrate 420 Day

Does Phillips 66 (PSX) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why Phillips 66 (PSX) is a Great Choice

W.W. Grainger

Sprouts Farmers Markets

Veritiv

Olympic Steel

Do you have more faith in DuPont analysis than simple ROE calculation? Tap W.W. Grainger (GWW), Olympic Steel (ZEUS), Sprouts Farmers Market (SFM), Veritiv (VRTV) and Phillips 66 (PSX).

Trust DuPont Analysis & Pick 5 Top Stocks for Solid Gains

Phillips 66 is America's third-largest refining company, differentiating itself with a large footprint in chemicals. While the company's total return has lagged behind its peers, the company is a great source of relatively high and sustainable dividend income.

Phillips 66: The Shareholder-Friendly Cash Cow

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Phillips 66 (PSX) Right Now?

Should investors be excited or worried when a stock crosses above the 50-Day simple moving average?

Phillips 66 (PSX) Recently Broke Out Above the 50-Day Moving Average

Phillips 66 (PSX) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Fast-paced Momentum Stock Phillips 66 (PSX) Is Still Trading at a Bargain

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While many undervalued energy stocks to buy struggled with sustaining robust momentum this year, a recent catalyst might change everything. As I stated for InvestorPlace, at the start of this week, “the alliance between the Organization of the Petroleum Exporting Countries (OPEC) and non-member oil-producing nations — known as OPEC+ — imposed shock production cuts on Sunday.

The 7 Most Undervalued Energy Stocks to Buy in April 2023

The average brokerage recommendation (ABR) for Phillips 66 (PSX) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable.

Should You Invest in Phillips 66 (PSX) Based on Bullish Wall Street Views?

Three energy stocks like Marathon (MPC), Valero Energy (VLO) and Phillips 66 (PSX) are well-poised to gain though the oil pricing scenario looks extremely volatile.

3 Dividend Stocks to Gain Despite Volatility in Energy Market

Phillips 66 (PSX) focuses more on businesses like midstream, renewables and chemicals. This is making the company's business model more stable.

News for Phillips 66 Stock (PSX)