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.

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Book value per share

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Net change in cash

Free cash flow

The high distribution yield of Phillips 66 Partners would almost certainly be their most appealing aspect but sadly this remains vulnerable to a reduction. The core issue stems from their distributions being too big versus their operating cash flow, which creates a burden and thus keeps their coverage weak when using free cash flow.

Phillips 66 Partners: The Distributions Are Too Big

Large oil refiner Phillips 66, a $32.4 billion market cap company, pays a 4.9% dividend. Profits come from midstream, chemicals, refining, and marketing & specialties. Good earnings from chemicals and marketing are expected to be augmented with improved refining earnings in the next eighteen months. Forward-looking chemicals and ESG projects will add to growth.

Phillips 66 Stock: Advantaged By Its Refining-Adjacent Businesses

Higher operating and maintenance expenses hurt Phillips 66 Partners??? (PSXP) Q2 earnings.

Phillips 66 Partners (PSXP) Gains 3% Despite Q2 Earnings Miss

On Aug. 9, energy company Phillips 66 (NYSE:PSX)  announced that it has entered into an agreement to acquire a 16% stake in NOVONIX Limited, an Australian-based company that develops and supplies materials for lithium-ion batteries.

What's Next for Phillips 66 Stock After a Big Purchase?

Phillips 66's (PSX) latest deal with NOVONIX is another milestone for the refining and marketing company toward investing in low-emission future.

Phillips 66 (PSX) to Acquire 16% NOVONIX Stake for $150M

Phillips 66 will acquire a 16% stake in lithium-ion battery material supplier NOVONIX Limited for $150 million, the U.S. refiner said on Monday, as demand for electric-vehicle battery materials rises.

Phillips 66 to acquire stake in NOVONIX as demand for EV battery materials rises

HOUSTON & BRISBANE, Australia--(BUSINESS WIRE)--Phillips 66 has entered into an agreement to acquire a 16% stake in NOVONIX Limited, which develops and supplies materials for lithium-ion batteries.

Phillips 66 Announces Strategic Investment in NOVONIX

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HOUSTON--(BUSINESS WIRE)--Phillips 66 is driving to expand its advanced analytics capabilities with an investment supporting software developer Seeq.

Phillips 66 Invests in Seeq, an Advanced Analytics Software Developer

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W&T Offshore

A combination of falling oil prices, worries about the delta coronavirus variant, and reactions to earnings is sending most oil stocks down on Wednesday.

Why Phillips 66, Genesis Energy, and W&T Offshore Stocks are Getting Crushed Today

Phillips 66 (PSX) CEO Greg Garland on Q2 2021 Results - Earnings Call Transcript

Phillips 66 Partners LP (PSXP) Q2 2021 Results - Earnings Call Transcript

Although its refining business continues to struggle, Phillips 66's (PSX) chemicals operations saw record earnings in Q2.

Phillips 66 (PSX) Q2 Earnings Beat Estimates on Demand Recovery

Phillips 66 (PSX) delivered earnings and revenue surprises of 4.23% and 35.03%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Phillips 66 (PSX) Q2 Earnings and Revenues Beat Estimates

HOUSTON--(BUSINESS WIRE)--Phillips 66 announces second-quarter 2021 earnings of $296 million, compared with a loss of $654 million in the first quarter of 2021.

Phillips 66 Reports Second-Quarter 2021 Financial Results

Soft demand for refined products due to the continuing effects of the pandemic is expected to have affected Phillips' (PSX) Q2 earnings.

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

LINDEN, N.J. & HOUSTON--(BUSINESS WIRE)--Linden Cogeneration and Phillips 66 Announce Blending Arrangement for Hydrogen-Containing Fuel

Linden Cogeneration and Phillips 66 Announce Blending Arrangement for Hydrogen-Containing Fuel

HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) has changed the time of its conference call to discuss second-quarter earnings to 1 p.m. EDT on Tuesday, Aug. 3, 2021.

Phillips 66 Announces Time Change for Conference Call on Second-Quarter Financial Results

Enterprise Products Partners

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The good news out of OPEC wasn't necessarily that good for energy companies.

Why Energy Stocks Like ExxonMobil, Phillips 66, and Enterprise Products Partners Fell Today

Phillips 66 is having a hard time due to negative COVID headlines, which causes investors and traders to de-risk their portfolios. However, long-term fundamentals remain strong and PSX is well-positioned to deliver significant value for its shareholders.

Phillips 66 - Another Sell-Off Opportunity

HOUSTON--(BUSINESS WIRE)--Phillips 66 released its 2021 Sustainability Report, giving a broad account of how the company advanced a lower-carbon future in 2020.

Phillips 66 Publishes its 2021 Sustainability Report

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Stock prices for independent refiners have witnessed significant gains as Covid strictures have been loosened. Cash flows are still anemic compared to pre-Covid levels.

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“Phillips 66 is certainly one of the most undervalued names in the energy complex with a significant amount of upside,” said Dan Genter on CNBC's “The Exchange”. The president, CEO, and chief investment officer of RNC Genter Capital Management sees The Phillips 66 Company (NYSE: PSX) as a “way to play on the energy side”.

Pro picks two undervalued stocks with potential for significant upside

Phillips 66 (NYSE:PSX) has observed the following analyst ratings within the last quarter: Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 1 1 1 0 Somewhat Bullish 0 4 1 0 Indifferent 0 0 0 0 Somewhat Bearish 0 0 0 0 Bearish 0 0 0 0 In the last 3 months, 11 analysts have offered 12-month price targets for Phillips 66. The company has an average price target of $98.27 with a high of $126.00 and a low of $85.00.

What 11 Analyst Ratings Have To Say About Phillips 66

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News for Phillips 66 Stock (PSX)