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

While Phillips 66 (PSX) has set a goal to monetize these assets in 2024, there is no fixed timeline for the potential sale.

Phillips 66 (PSX) Explores Asset Sale, CEO Upbeat on Future

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Sell Alert: The Slaughter Of Office REITs Is Just Beginning

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Here's our daily look at three charts connected to recent news-driven price moves, with key technical levels to watch.

3 Charts For Investors to Watch Friday: Phillips 66, JetBlue Airways, AMC Entertainment

Phillips 66 (PSX) Goldman Sachs Energy, CleanTech & Utilities Conference (Transcript)

U.S. refiner and petrochemical manufacturer Phillips 66 is having active discussions for sale of its non-core assets, Chief Executive Mark Lashier said on Thursday during an energy conference.

Phillips 66 in active talks for non-core assets sale: CEO

The latest trading day saw Phillips 66 (PSX) settling at $134.29, representing a +0.86% change from its previous close.

Phillips 66 (PSX) Rises As Market Takes a Dip: Key Facts

Phillips 66 is targeting increased diversification, growing mid-cycle earnings while reducing risks, as the company vertically integrates. The company has a strong balance sheet with minimal debt it needs to aggressively pay down. Increased cash flow can go to shareholders. Overall, we expect the company to be able to drive long-term double-digit shareholder returns.

Phillips 66's Portfolio Strength Will Continue

Kennametal

Phillips 66 is a leading oil and gas refining and marketing stock with assets located throughout the United States. Operational execution and solid revenue growth should drive earnings improvements at Kennametal.

3 Magnificent High-Yield Dividend Stocks to Buy for 2024

HOUSTON--(BUSINESS WIRE)--Phillips 66 to speak at Goldman Sachs Energy, CleanTech & Utilities Conference.

Phillips 66 to Speak at Goldman Sachs Energy, CleanTech & Utilities Conference

Kimbell Royalty Partners

Occidental Petroleum

No matter how rapidly nations and companies push for carbon-neutral and alternative fuel initiatives, oil and gas stocks have a spot in investor portfolios. Current outlooks project higher oil pricing through 2024.

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HOUSTON--(BUSINESS WIRE)--Phillips 66 executive management will host a webcast at noon ET on Wednesday, Jan. 31, 2024, to discuss the company's fourth-quarter financial results.

Phillips 66 to Announce Fourth-Quarter and Full-Year Financial Results

The budget aligns with Phillips 66's (PSX) strategic goal of returning $13-$15 billion to shareholders by the end of 2024.

Phillips 66 (PSX) Announces $2.2B Capital Expenditure for 2024

HOUSTON--(BUSINESS WIRE)--Phillips 66 announced a 2024 capital budget of $2.2 billion, including $923 million for sustaining capital and $1.3 billion for growth capital.

Phillips 66 Announces 2024 Capital Program

EOG Resources

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Three energy stocks, Marathon (MPC), EOG Resources (EOG) and Phillips 66 (PSX), are well-poised to gain, though the oil pricing scenario, since the onset of the pandemic, looks extremely volatile.

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Energy stocks lagged as the markets moved higher in the November rally. In 2023, the energy sector has underperformed in the S&P 500, with the Energy Select Sector SPDR Fund (NYSEARCA: XLE ) down 3% year-to-date.

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Activist investor Elliott Investment Management enters Phillips 66 with a $1 billion stake and proposes a strategic overhaul. Elliott identifies underperformance and operational lapses as key issues and calls for cost-cutting, divestitures, and a commitment to shareholder value. Phillips 66 responds positively to Elliott's proposals, indicating a promising future for the company.

60% Gains Plus Dividends With Phillips 66 If Elliott Is Right

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It's been a rough year for most S&P 500 investors chasing dividends. But there are pockets of dividend paying stocks that are working.

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The activist investor's suggestions for the energy company have a proven track record.

Elliott's Push at Phillips 66 Looks Familiar

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If you believe in the power of seasonal trends, the concept of The January Effect stocks might pique your interest. Fundamentally, the hypothesis suggests that at the beginning of the year, equities feature a tendency to rise more than in any other month.

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Many activists think of themselves as amicable and constructive, but that could actually be the case in this engagement at the petroleum refiner.

Here's how activist Elliott could build shareholder value amicably at Phillips 66

Phillips 66 (NYSE:PSX) shares jumped 6% to $129.30 in late-afternoon trading on Thursday, following a nearly 4% gain the session before, after activist investment firm Elliott Investment Management announced a $1 billion stake in the diversified energy company.    Elliott said it is seeking two board seats in a bid to help boost improved execution and performance at Phillips 66.

News for Phillips 66 Stock (PSX)