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.

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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

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Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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

EOG Resources

Kinder Morgan

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.

High-Octane Holdings: 3 Energy Stocks With Robust Yields

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

Chevron

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Enterprise Products Partners

Energy Transfer LP Unit

Marathon Petroleum

MPLX

ONEOK

Plains All American Pipeline

Valero Energy

Exxon Mobil

Big energy like Chevron Corp. NYSE: CVX and Exxon Mobil Corp. NYSE: XOM are trading well below their highs, while certain sub-industries within the energy sector are performing well.

Refiners, transporters surge: Niche energy markets defy oil slump

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While it's always important to consider passive-income providers, they often lack an underlying growth impetus, which subsequently makes the concept of high-yield dividend growth stocks so compelling. You can get your growth and also enjoy dividend payments.

Dual Powerhouses: 7 Dividend Stocks Marrying High Yield With High Growth

Phillips 66 offers investors a unique opportunity to play the energy sector through well-diversified refining and chemicals exposure. The company has consistently outperformed its energy peers and has reported stellar earnings and improved operations. Shareholders are in a good place with increased shareholder distributions, a protected dividend, and a commitment to higher dividends.

3.6% Yield And Undervalued -  Phillips 66 Is A Top-Tier Income Play

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With oil prices dipping below the $80 mark this month, it's plausible to think that the energy stock rally has hit its peak. Yet, this could be a premature assumption.

7 Energy Stocks You'll Regret Not Buying Soon: November 2023

The headline numbers for Phillips 66 (PSX) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Phillips 66 (PSX) Reports Q3 Earnings: What Key Metrics Have to Say

Phillips 66 (NYSE:PSX ) Bank of America Energy Conference Conference Call November 14, 2023 4:00 PM ET Company Participants Timothy Roberts - EVP, Midstream & Chemicals Jeffrey Dietert - VP, IR Richard Harbison - EVP, Refining Conference Call Participants Doug Leggate - Bank of America Merrill Lynch Kalei Akamine - Bank of America Merrill Lynch Doug Leggate Thanks very much indeed for being here this afternoon. So we're going to turn our agenda back to Refining again, our first corporate fireside chat with -- in the Refining sector with Phillips 66.

Phillips 66 (PSX) Bank of America Energy Conference Call Transcript

At first glance, the idea of oil stocks for a recession might seem counterintuitive. True, the world still runs on hydrocarbons, irrespective of what electric-vehicle evangelists say.

3 Oil Stocks That Are Well-Positioned to Survive a Recession

U.S. crude oil refiners this quarter will pull back from red-hot summer run rates as weak gasoline margins and plant overhauls cool operating goals, according to company statements and oil analysts.

US refiners to taper output, keep gasoline prices tame

Phillips 66 shares have risen 14% in the past year and are up 6% since reporting Q3 earnings results. Refining results were soft, but long-term guidance was encouraging, and the company's diversification provides stability. The company generated $2.4 billion in operating cash flow and has been aggressive in buying back its own stock, with its share count down 25% the past decade.

Phillips 66: A Diversified Way To Benefit From A Strong Refining Environment

Dustin Lynch takes center stage before the highly anticipated final Big 12 rivalry game between The University of Oklahoma at Oklahoma State University STILLWATER, Okla. , Nov. 2, 2023 /PRNewswire/ -- As the college football season reaches its peak, Phillips 66® proudly sponsors the Bedlam Series, with the game being the final Big 12 tussle between Oklahoma and Oklahoma State due to conference re-alignment.

Phillips 66® Continues Bedlam Series Partnership with Dustin Lynch's Free Pre-Game Concert Celebrating Rivalry and Debut of Phillips 66® GO GO GO Campaign

HOUSTON--(BUSINESS WIRE)--Phillips 66 executive leaders will participate in a fireside chat at the BofA Securities Global Energy Conference 2023 on November 14.

Phillips 66 to Speak at BofA Securities Global Energy Conference 2023

Apple

American Express

Bank of America

Boston Properties

Comcast

Home Depot

Mastercard

McDonald's

Altria

Realty Income Corp

PNC Financial Services

Rio Tinto plc Sponsored

Royal Bank of Canada

Schwab US Dividend Equity ETF

Charles Schwab

Visa

Verizon

The construction of a dividend-income portfolio brings several benefits for investors, one of which is generating extra income. In today's article, I will show you how you could allocate the amount of $50,000 among 20 dividend paying companies/ETFs that I consider to be attractive right now. Due to its allocation, the portfolio reaches a Weighted Average Dividend Yield [TTM] of 3.86%, indicating that its dividend payments could help you cover your monthly expenses.

How To Build A Dividend Portfolio With $50,000 Among 20 Dividend Paying Companies/ETFs

Phillips 66 (NYSE:PSX ) Q3 2023 Earnings Conference Call October 27, 2023 12:00 PM ET Company Participants Jeff Dietert - Vice President, Investor Relations Mark Lashier - President and Chief Executive Officer Kevin Mitchell - Chief Financial Officer Tim Roberts - Executive Vice President, Midstream and Chemicals Rich Harbison - Executive Vice President, Refining Brian Mandell - Executive Vice President, Marketing and Commercial Conference Call Participants Neil Mehta - Goldman Sachs Roger Read - Wells Fargo Securities Manav Gupta - UBS Doug Leggate - Bank of America Ryan Todd - Piper Sandler Paul Cheng - Scotiabank John Royall - JPMorgan Jason Gabelman - Cowen and Company Matthew Blair - Tudor, Pickering, Holt Joe Laetsch - Morgan Stanley Operator Welcome to the Third Quarter 2023 Phillips 66 Earnings Conference Call. My name is Carla and I will be your operator for today's call.

Phillips 66 (PSX) Q3 2023 Earnings Call Transcript

Here is how Phillips 66 (PSX) and Vista Oil & Gas, S.A.B. de C.V. Sponsored ADR (VIST) have performed compared to their sector so far this year.

Is Phillips 66 (PSX) Stock Outpacing Its Oils-Energy Peers This Year?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Phillips 66 (PSX) Stock Undervalued Right Now?

Phillips 66's (PSX) Q3 earnings get affected due to lower refining margins worldwide.

Phillips 66 (PSX) Q3 Earnings Miss Estimates, Revenues Fall Y/Y

Phillips 66 reported a third-quarter profit on Friday that missed analysts' estimates, hurt by lower refining margins.

Refiner Phillips 66 posts third-quarter profit below estimates

HOUSTON--(BUSINESS WIRE)---- $PSX--Phillips 66 announces third-quarter results and updates to the strategic priorities first presented at its November 2022 Investor Day.

Phillips 66 Reports Third-Quarter 2023 Financial Results and Update to Strategic Priorities

Phillips 66's (PSX) Q3 earnings are expected to have benefited from its favorable midstream business.

News for Phillips 66 Stock (PSX)