Categories AlphaGraphs, Earnings, Energy
Infographic: Phillips 66 (PSX) reports Q2 2023 financial results
Diversified energy company Phillips 66 (NYSE: PSX) on Wednesday announced operating results for the second quarter, reporting a decline in revenues and profit.
Total revenue and other income decreased 28% year-over-year to $35.74 billion in the second quarter of 2023. The company generated $1.0 billion of operating cash flow during the quarter.
Net income attributable to Phillips 66 was $1.70 billion or $3.72 per share in the June quarter, compared to $3.17 billion or $6.53 per share in the prior-year period. Adjusted earnings declined sharply to $3.87 per share from $6.77 per share last year.
“We demonstrated operational excellence across our portfolio, running above industry average utilization in Refining and achieving record NGL frac volumes in Midstream,” said Mark Lashier, CEO of Phillips 66.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Trxade Health Inc. (NASDAQ: MEDS) Q1 2024 Research Summary
Trxade Health, Inc. (NASDAQ: MEDS) is a drug procurement and delivery platform that digitalizes the retail pharmacy experience. The company has a growing network of suppliers and partnerships with independent
Earnings Preview: Walmart (WMT) expected to report sales and profit gains in Q1
Over the years, Walmart Inc. (NYSE: WMT) has constantly diversified while maintaining its dominance in the retail world. The company is preparing to report financial results for the first three
After a positive year, what’s in the cards for Electronic Arts (EA) in FY25
Electronic Arts (NASDAQ: EA) ended fiscal 2024 on a mixed note, reporting lower revenues and improved bottom-line performance for the fourth quarter. The stock declined following the announcement as earnings
