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

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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.

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Here is how Phillips 66 (PSX) and Patterson-UTI (PTEN) have performed compared to their sector so far this year.

Is Phillips 66 (PSX) Outperforming Other Oils-Energy Stocks This Year?

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Phillips 66 (PSX) is a Great Momentum Stock: Should You Buy?

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The stock market ended lower Thursday, as St. Louis Fed President Bullard suggested that the Fed will keep raising rates to curb inflation. The post Stock Market Falls Amid Cautious Comments From Fed Official; 6 Breakout Stocks To Watch appeared first on Investor's Business Daily.

Stock Market Falls Amid Cautious Comments From Fed Official; 6 Breakout Stocks To Watch

Chevron

Chevron Phillips Chemical Co. LLC announced Wednesday that, along with QatarEnergy, it is proceeding with the construction of an integrated polymers facility in Orange, Texas that is expected to create more than 500 full-time jobs. The building of the $8.5 billion facility will also create about 4,500 construction jobs.

Chevron Phillips to create more than 500 full-time jobs in Texas as it builds polymers facility

THE WOODLANDS, Texas--( BUSINESS WIRE )--Chevron Phillips Chemical Company LLC and QatarEnergy announced today that they are proceeding with the construction of an $8.5 billion integrated polymers facility in Orange, Texas, expected to create more than 500 full-time jobs and approximately 4,500 construction jobs and generate an estimated $50 billion for the community in residual economic impacts.

Chevron Phillips Chemical and QatarEnergy to Construct Integrated Polymers Facility on US Gulf Coast

Phillips 66 (PSX) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Phillips 66 (PSX) Soars to 52-Week High, Time to Cash Out?

Phillips 66 held its "Investor Day 2022" gathering yesterday and unveiled a relatively fresh strategy to significantly boost investor returns through 2024. The strategy focuses on actually wringing-out the promised rewards of PSX's previous multi-year strategic plan to diversify by heavily investing in midstream and chemicals assets.

How Phillips 66's New CEO Plans To Boost Shareholder Returns

Phillips 66 is cutting at least 1,100 jobs by the end of this year as the refining giant seeks to slash costs and steer a larger chunk of its soaring profits to shareholders.

This oil refiner is cutting 1,100 jobs — and giving billions of dollars to its shareholders

Phillips' investor-return plan comes at a time President Biden has demanded that energy companies invest their profit into boosting production before considering shareholder returns.

Refiner Phillips 66 to boost investor returns by up to $12B

Phillips 66 PSX, -0.30% said Wednesday it is planning to return $10 billion to $12 billion to shareholders through the end of 2024 through a mix of share buybacks and dividends. In a statement ahead of an investor day, the diversified energy company said its board has added $5 billion to its share buyback program, boosting the total to $20 billion.

Phillips 66 is planning to return $10 to $12 billion to shareholders by the end of 2024

Refiner Phillips 66 said on Wednesday it plans to return an additional up to $12 billion to shareholders between mid-year 2022 and end-2024 through a combination of dividends and share repurchases.

Phillips 66 to boost investor returns by up to $12 bln

HOUSTON--(BUSINESS WIRE)---- $PSX--Phillips 66 will provide a plan to deliver higher shareholder distributions and increase shareholder value at its investor day in New York today.

Phillips 66 Outlines Plans to Increase Shareholder Distributions

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Strong refining margins worldwide aid Phillip 66's (PSX) earnings in Q3.

Phillips 66 (PSX) Q3 Earnings Beat on Higher Refining Margins

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Why Oil Stocks Occidental Petroleum, Devon Energy, and Phillips 66 Rallied in October

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Largest U.S. refiner Marathon Petroleum Corp aims to operate its system at 93% of combined oil processing capacity, a cooler pace as it completes maintenance work at some plants.

US oil refiners to keep running at breakneck speeds in fourth quarter

Phillips 66 has been named as a Top 10 dividend paying energy stock, according to Dividend Channel, which published its weekly ''DividendRank'' report.

Phillips 66 Added As Top 10 Energy Dividend Stock With 3.61% Yield

Earnings beat expectations, as refined products remained in relatively high demand.

Why Phillips 66 Was Rising Today

Phillips 66 (NYSE:PSX ) Q3 2022 Earnings Conference Call November 1, 2022 12:00 PM ET Company Participants Jeff Dietert - Vice President, Investor Relations Mark Lashier - President and CEO Kevin Mitchell - EVP and CFO Rich Harbison - SVP, Refining Brian Mandell - EVP, Marketing and Commercial Tim Roberts - EVP, Midstream Conference Call Participants Doug Leggate - Bank of America Neil Mehta - Goldman Sachs Roger Read - Wells Fargo Ryan Todd - Piper Sandler John Royall - JPMorgan Matthew Blair - Tudor, Pickering, Holt & Co. Paul Cheng - Scotiabank Jason Gabelman - Cowen and Company Operator Welcome to the Third Quarter 2022 Phillips 66 Earnings Conference Call. My name is Sylvie, and I will be your operator for today's call.

Phillips 66 (PSX) Q3 2022 Earnings Call Transcript

Phillips 66 reported a jump in quarterly profit on Tuesday, as the refiner benefited from surging fuel demand and tight energy supplies.

Refiner Phillips 66 quarterly profit jumps on strong fuel demand

HOUSTON--(BUSINESS WIRE)---- $PSX--Phillips 66 announces third-quarter 2022 earnings of $5.4 billion, compared with earnings of $3.2 billion in the second quarter of 2022.

News for Phillips 66 Stock (PSX)