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

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Lingering signs of oil demand weakness are still evident. Refiners, such as PBF Energy (PBF), Valero (VLO) and Phillips 66 (PSX) have reduced runs to cope with the coronavirus-induced erosion in usage.

EIA Oil Supply Data Headlines: Crude Stocks Down, Gasoline Up

HOUSTON--(BUSINESS WIRE)--The board of directors of Phillips 66 has appointed Lisa A. Davis to serve as an independent director, effective Oct. 8, 2020.

Phillips 66 Board Appoints New Director

Kinder Morgan

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Upstream, midstream, or downstream, even top oil stocks saw double-digit losses.

Why These Oil and Gas Companies Got Clobbered in September

Phillips 66 has temporarily delayed a complete restart of its 260,000 barrel-per-day (bpd) Lake Charles, Louisiana refinery until Hurricane Delta passes, the company said on Wednesday.

Phillips 66 delays complete restart of Lake Charles, La. refinery

Indiscriminate selling in the energy sector has brought the once fairly valued names like PSX to being materially undervalued.

Phillips 66 Is The Best Refinery Play

ConocoPhillips

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The fossil fuel sector's gloom is getting on many investors' nerves.

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U.S. oil refineries are moving aggressively to produce renewable diesel, partly to cash in on Canada's greener fuel standard before Canadian refiners modify their own plants.

U.S. oil refiners look to leapfrog Canadians in making renewable diesel

The federal government's EIA report revealed that crude inventories fell by 2 million barrels compared to expectations of a 1.9-million-barrel build for the week ending Sep 25.

Oil Posts a Quarterly Gain as Supplies Fall for the Third Week

Phillips 66 Looks Cheap Even If You Ignore Its Refining Segment

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While oil prices have come a long way from the depths of coronavirus-induced mayhem, lingering signs of weakness are still evident.

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Neste Oyj

Renewable diesel offers a rare growth opportunity for oil refiners.

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Worries of a second wave in Europe are weighing on the energy market.

COVID-19 Concerns Are Crushing Energy Stocks Today

CVR Energy

n a new report on the downstream (refining and marketing) sector of the oil and gas industry, analysts at Moody’s Investors Service raised their outlook on the sector from negative to positive based on expected growth of earnings before interest, taxes, depreciation and amortization in 2021 “well above” the firm’s 10% minimum threshold for a positive outlook. That’s the good news.

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These three stocks could energize a dividend investor's portfolio.

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HOUSTON, Sept. 2, 2020 /PRNewswire/ -- Seventy-two percent of respondents have cancelled a vacation since the onset of COVID-19 restrictions, a survey commissioned by Phillips 66 found.

Despite Changing Plans and Safety Concerns, Phillips 66® Survey Finds That Americans Continue Taking To The Road Amid Coronavirus Pandemic

The open season of Phillips 66 Partners' (PSXP) Gray Oak Pipeline will gauge shippers' interest to transport crude volumes for the long term.

Phillips 66 Partners Starts Gray Oak Pipeline's Open Season

Apple

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Alaska Air Group

MGM Resorts

Investors' reaction to a zero-sum event added billions to Apple's market value, while the index closed lower on a bad day for airline stocks, cruise stocks, casinos, and oil stocks.

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

Why Is Phillips 66 (PSX) Down 2.1% Since Last Earnings Report?

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TechnipFMC

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Investors are reallocating money from energy to technology since the latter is mainly driving the current economy.

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The economic damage caused by the COVID-19 pandemic has wreaked havoc on several industries (air travel, hospitality, retail, to name the most obvious) and taken a heavy toll on another.

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Phillips 66 is constructing the world’s largest renewable fuels plant.

Are Renewable Fuels the Next Step for Phillips 66?

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Weekly figures from EIA show that domestic crude output has dropped to 10.7 million barrels per day, since reaching 13.1 million in the second week of March.

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Phillips 66's (PSX) Rodeo Renewed project is likely to become one of the world's largest biodiesel facilities. The project is set to utilize used cooking oil, fats, soybean oils and greases as inputs.

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News for Phillips 66 Stock (PSX)