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.

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OpEx Y/Y

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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 2023

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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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HOUSTON--(BUSINESS WIRE)--Phillips 66 announced the full conversion of the Rodeo Renewable Energy Complex, positioning the company as a leader in renewable fuels.

Phillips 66 Achieves Full Production Rates of Renewable Fuel

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Exxon Mobil

As summer travel peaks, U.S. refiners ramp up their jet fuel production to meet the record demand. ExxonMobil, Chevron and Phillips 66 are ready to ride on this fuel-fueled wave.

3 Energy Giants Set to Soar With Record Jet Fuel Demand

HOUSTON--(BUSINESS WIRE)--Phillips 66 released its 2024 Sustainability & People Report, demonstrating its approach to helping supply the world's growing energy needs.

Phillips 66 releases 2024 Sustainability and People Report

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Phillips 66 (NYSE:PSX ) J.P. Morgan 2024 Energy, Power & Renewables Conference June 18, 2024 10:55 AM ET Company Participants Mark Lashier - Chairman & CEO Conference Call Participants John Royall - J.P.

Phillips 66 (PSX) J.P. Morgan 2024 Energy, Power & Renewables Conference (Transcript)

Phillips 66's (PSX) sale of its equity interest in the Rockies Express Pipeline is part of its commitment to deliver a value of more than $3 billion from asset divestitures.

Phillips 66 (PSX) Divests Rockies Express Pipeline Stake

Phillips 66 has an impressive portfolio of assets with growth drivers such as renewable energy and DCP midstream. Refineries are a remarkably volatile market, but the company is still targeting strong growth in its mid-cycle EBITDA. Overall, Phillips 66 is a valuable investment with a strong ability to pay dividends and repurchase shares.

Phillips 66 Continues To Drive Strong Returns

U.S. oil refiner Phillips 66 said on Friday it would sell its 25% stake in the Rockies Express Pipeline (REX) for about $1.28 billion, including debt, to a subsidiary of Tallgrass Energy.

Phillips 66 to sell 25% stake in Rockies Pipeline for $1.28 bln

HOUSTON--(BUSINESS WIRE)---- $PSX--Phillips 66 is selling its 25% non-operated interest in Rockies Express Pipeline LLC to a subsidiary of Tallgrass Energy, LP for $1.275 billion.

Phillips 66 Announces Sale of 25% Equity Interest in Rockies Express Pipeline to Tallgrass Energy Subsidiary

HOUSTON--(BUSINESS WIRE)--Phillips 66 management will host a webcast at noon ET on Tuesday, July 30, 2024, to discuss the company's second-quarter 2024 financial results.

Phillips 66 to Announce Second-Quarter Financial Results

Phillips 66 (PSX) focuses more on businesses like midstream, renewables and chemicals. This makes the company?

Why Retain Strategy is Apt for Phillips 66 (PSX) Stock Now

Phillips 66 PSX announced a binding open season for shipper commitments for services on its Blue Line System.

Phillips 66 Deploys Asset Base 'Near Historical Highs' To Meet Peak Summer Demand: Analyst

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Phillips 66, a leading energy company, has announced that its subsidiary, Phillips 66 Pipeline, LLC, is initiating a binding open season to solicit shipper commitments for services on its Blue Line System. This pipeline transports propane and butane from Wichita, KS, to Jefferson City, MO, and East St. Louis, IL.

Phillips 66 Launches Open Season for Blue Line System

Phillips 66 (PSX) announces the launch of a 30-day open season for the Blue Line System, inviting shippers to secure long-term LPG transport services between Kansas, MO, and Illinois.

Phillips 66 (PSX) Launches Open Season for Blue Line System

With the inclusion of Phillips 66 (PSX) and Energy Transfer (ET), PSP's efforts are expected to amplify its positive impacts on the Permian Basin.

Phillips 66 (PSX) Joins PSP to Enhance Community Development

HOUSTON--(BUSINESS WIRE)--Phillips 66 is launching a binding open season to solicit commitments for services from Kansas to Missouri and Illinois on its Blue Line System.

Phillips 66 Announces Open Season on the Blue Line System

HOUSTON--(BUSINESS WIRE)---- $PSX--Phillips 66 Chairman and CEO Mark Lashier will participate in the J.P. Morgan 2024 Energy, Power & Renewables Conference on June 18.

Phillips 66 to Speak at the J.P. Morgan 2024 Energy, Power & Renewables Conference

Recently, Zacks.com users have been paying close attention to Phillips 66 (PSX). This makes it worthwhile to examine what the stock has in store.

Investors Heavily Search Phillips 66 (PSX): Here is What You Need to Know

Phillips 66 (PSX) aims to increase its natural gas processing footprint in the Midland Basin through its acquisition of Pinnacle Midland from a private equity firm, Energy Spectrum Capital.

Phillips 66 (PSX) Acquires Lucrative Midland Basin Assets

Phillips 66 on Monday agreed to acquire Pinnacle Midland, a midstream company owned by private equity firm Energy Spectrum Capital, for $550 million in cash, expanding the U.S. refiner's natural gas gathering and processing footprint in the Midland Basin.

Phillips 66 to buy PE-owned Pinnacle Midland for $550 mln

HOUSTON--(BUSINESS WIRE)---- $PSX--Phillips 66 will acquire Pinnacle Midstream for $550 million, expanding its natural gas gathering and processing footprint in the Midland Basin.

Phillips 66 to Acquire Pinnacle Midstream from Energy Spectrum Capital

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Major U.S. fuel makers returned billions in capital to shareholders in the first quarter and boosted share repurchase programs, even as refining margins softened from recent records and utilization rates fell.

US refiners reward shareholders with big returns despite softer Q1 profits

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Kinder Morgan

Investors should keep an eye on ET, KMI and PSX, as these energy players have raised their dividends/distributions and demonstrated a strong ability to continue returning value to shareholders.

News for Phillips 66 Stock (PSX)