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

Phillips 66's (PSX) fourth-quarter results are affected by the sinking demand for refined products due to the coronavirus pandemic.

Phillips 66 (PSX) Q4 Earnings Miss on Massive Refining Loss

Phillips 66 (PSX) delivered earnings and revenue surprises of -6.42% and 9.41%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Phillips 66 (PSX) Reports Q4 Loss, Tops Revenue Estimates

Shares of Phillips 66 (NYSE:PSX) decreased 0.0% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share decreased 175.32% over the past year to ($1.16), which missed the estimate of ($1.05).

Recap: Phillips 66 Q4 Earnings

HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announces a fourth-quarter 2020 loss of $539 million.

Phillips 66 Reports Fourth-Quarter 2020 Financial Results

Phillips 66 (NYSE:PSX) announces its next round of earnings this Friday, January 29. Here is Benzinga's everything-that-matters guide for this Friday's Q4 earnings announcement.

Phillips 66's Earnings Outlook

Phillips 66 Partners' (PSXP) bottom line in the fourth quarter is likely to have been under pressure due to a decline in volumes.

What's in Store for Phillips 66 Partners (PSXP) Q4 Earnings?

One year ago today, PSX was trading at over $100/share and the outlook for dividend growth was excellent. Then came the pandemic, the resultant drastic demand destruction for refined products like gasoline and jet-fuel. That drastically destructed PSX's stock price too.

Phillips 66: Your No. 1 Reopening Energy Stock Pick

Phillips 66 has a more diversified refining company with operations in marketing, chemicals, and NGL. When compared to competition, this diversified strategy has benefited the company during this drastic energy downturn.

Diversification Has Helped Phillips 66

HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) today announced it has received a $3 million grant from the U.S. Department of Energy to advance the development of high-performance reversible solid oxide fuel cells. Phillips 66 will collaborate with the Georgia Institute of Technology (Georgia Tech) to demonstrate the commercial feasibility of a low-cost and highly efficient reversible solid oxide fuel cell (RSOFC) system for hydrogen and electricity generation. The technology is one of many

Phillips 66 Receives $3 Million Grant to Advance Reversible Solid Oxide Fuel Cell Technology

Chevron

Kinder Morgan

Valero Energy

Exxon Mobil

Between the pandemic, an oil surplus and more, energy stocks had a rough 2020. Now, they've begun a rally.

7 Hot Energy Stocks with Value That You Shouldn't Overlook

Bank of Montreal

Bank of Nova Scotia

ConocoPhillips

MicroSectors Gold Miners 3X Inverse Leveraged ETN

MicroSectors Gold Miners 3X Leveraged ETN

Altria

Philip Morris

Canadian banks are hated and cheap. I'm buying. Tobacco is historically the most profitable industry for shareholders over the long run.

3 Value Investing Ideas For 2021

NextEra Energy

SunPower

Growth in energy is in renewable energy and these stocks are great buys.

Renewable Energy Will See Major Growth in 2021: Here Are 3 Stocks to Buy

HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) Chairman and CEO Greg Garland will speak to investors and securities analysts at the Goldman Sachs Global Energy Conference on Thursday, Jan. 7, 2021, at 12:45 p.m. EST. Garland will discuss value creation in an evolving energy landscape and provide an update on the company's strategic initiatives, including its commitment to disciplined capital allocation. To access the webcast, go to the Phillips 66 Investors site, www.phillips66.com/investors

Phillips 66 to Present at Goldman Sachs Global Energy Conference

Baker Hughes Co

Marathon Petroleum

As a proof of the improving energy environment, refining biggies like Marathon Petroleum (MPC) and Phillips 66 (PSX) experienced sequential increase in utilization during the third quarter.

5 Factors Indicating That Oil is Poised for a Run-Up in 2021

Array Technologies

These stocks look like bargains in this red-hot stock market.

Grab These 3 Stocks Off the Discount Bin This Holiday Season

Phillips 66 Partners has released guidance for 2021 with their capital expenditure decreasing significantly. This will help rectify their one weak point, being their historically very weak distribution coverage.

Phillips 66 Partners: 2021 Shaping Up Positively For Distributions, But Margin Of Safety Remains Thin

EOG Resources

Schlumberger

The energy sector has been crushed by low crude oil prices, and these five stocks have been some of the worst investments this year.

These Energy Stocks Lost Investors Billions in 2020

Total

Cummins

Some big names are investing heavily in renewable energy right now.

3 Stocks You Didn't Know Were Betting on Renewable Energy

Emergency Use Authorization of a second vaccine isn't enough to give recovery names a boost.

Why Oil Stocks Are Dropping Today

If any sector has taken a beating in 2020, it is energy. Many top companies in the sector have been forced to cut capital expenditures, in some cases to lower or eliminate dividends, and generally to hunker down until there is improvement in demand.

Goldman Sachs Has 4 Sizzling Energy Stocks to Buy That All Pay 5% or More Dividends

Phillips 66 (PSX) intends to invest $610 million in Midstream, of which Phillips 66 Partners (PSXP) is set to receive $300 million.

Phillips 66 (PSX) Cuts '21 Capital Budget, Focuses on Renewables

U.S. oil refiner Phillips 66 on Monday set its 2021 capital budget at $1.7 billion, around 43% lower than forecast for the previous year, as the energy industry struggles to recover from the blow of the COVID-19 pandemic.

Phillips 66 lowers 2021 spending budget after pandemic hit

HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announces its 2021 capital budget of $1.7 billion, which includes $0.3 billion at Phillips 66 Partners. “Our 2021 capital budget is supported by our diversified portfolio, strong financial position and capital discipline,” said Greg Garland, chairman and CEO of Phillips 66. “We continue to focus on reducing capital expenditures as market conditions remain challenged. We are prioritizing

Phillips 66 Announces 2021 Capital Program

Diamond Offshore Drilling Inc

Occidental Petroleum

From ExxonMobil to Diamond Offshore Drilling, here's why energy companies large and small had a terrible year.

The 5 Worst Energy Stocks of 2020

Enterprise Products Partners

Magellan Midstream Partners

There's still a lot of risk, but a handful of oil stocks pass the test as being worthy dividend investments.

News for Phillips 66 Stock (PSX)