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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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 2022

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Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q1 2024

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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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Stockholders equity

Minority interest

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Book value per share

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Free cash flow

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

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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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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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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.

Phillips 66 stock climbs as Elliott Investment Management takes stake, seeks changes

U.S. oil refiner Phillips 66 has retained two top financial and legal advisers for its duel with activist investor Elliott Investment Management, according to a person familiar with the matter.

US refiner Phillips 66 retains big-name advisers for Elliott duel

HOUSTON--(BUSINESS WIRE)--Phillips 66 issued a statement today regarding a letter from Elliott Investment Management L.P.

Phillips 66 Comments on Letter from Elliott Investment Management

In a clear demonstration of the risks associated with lackluster performance as a publicly traded enterprise, Phillips 66 (NYSE: PSX ) is incurring the scrutiny of Paul Singer, founder of Elliott Management. In a letter to Phillips' Board of Directors, Elliott is urging for changes to help unlock significant value.

Can Billionaire Paul Singer Save Phillips 66 (PSX) Stock?

Elliott Management wrote to the board calling for better performance Wednesday.

Activist Investor Elliott Holds $1 Billion Stake In Phillips 66, Signals Board Shake-Up

Phillips 66 (NYSE: PSX) opened about 3.0% up on Wednesday after Elliott Investment Management revealed a sizable stake in the crude refining company. Elliott is pushing for board seats at Phillips 66 The activist investor has built a stake worth $1.0 billion and is pushing for two board seats.

Elliott reveals a $1.0 billion stake in Phillips 66: here's what it wants

Elliott Investment Management wants two new Phillips 66 directors, and other improvements. Shares could soar to $200, says Elliott.

Phillips 66 Stock Is Rising. Activist Elliott Takes $1 Billion Stake, Wants Changes.

Phillips 66's stock PSX rose 6% in premarket trade Wednesday, after Elliott Investment Management LP said it has accrued a roughly $1 billion investment in the energy company and sees potential upside of about 75%. The hedge fund of activist investor Paul Singer published a letter to the company's management outlining how it can remedy what it views as underperformance, including adding new directors backed by Elliott.

Phillips 66′ stock soars 6% after Elliott Management discloses $1 billion stake and says it sees 75% upside

Elliott Investment Management has taken a $1 billion stake in Phillips 66 and is urging the U.S. oil refiner and pipeline operator to revamp its board to boost lagging performance.

Elliott takes $1 bln stake in US oil refiner Phillips 66, urges board revamp

Elliott Management has taken a $1 billion stake in Phillips 66 and plans to seek as many as two board seats, sources told CNBC's David Faber.

Elliott takes $1 billion stake in Phillips 66, plans to seek two board seats, sources say

At first glance, acquiring energy stocks – specifically of the hydrocarbon variety – might not seem sensible. After all, as the adage that's beaten over our heads states, electric vehicles are the future.

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Campaign to Serve as Catalyst for 2024 Promotions and Brand Activations HOUSTON , Nov. 28, 2023 /PRNewswire/ -- Phillips 66® is excited to announce the launch of its GO GO GO™ branded fuels campaign that offers a variety of benefits for consumers, including discounts at the pump. The campaign aims to highlight the different ways that Phillips 66®, Conoco®, and 76® fuel consumers' GO beyond just their vehicles.

Phillips 66® Launches GO GO GO™ Campaign Fueling GO, Progress, Momentum, and a Forward Trajectory for Consumers' Cars and Lives

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News for Phillips 66 Stock (PSX)