Categories AlphaGraphs, Earnings, Energy
Infographic: Phillips 66 (PSX) reports Q1 2023 financial results
Diversified energy company Phillips 66 (NYSE: PSX) on Wednesday announced results for the first quarter, reporting a decline in revenues and a sharp increase in adjusted profit.
Total revenue and other income decreased 4% year-over-year to $35.09 billion for the first quarter of 2023.
Net income attributable to Phillips 66 was $1.96 billion, or $4.20 per share in the first quarter, compared to $582 million or $1.29 per share in the prior-year period. Adjusted earnings rose sharply to $4.21 per share from $1.32 per share last year.
“We continued to make progress on our strategic priorities, delivering strong financial and operating results in the quarter,” said Mark Lashier, CEO of Phillips 66.
Prior Performance
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