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.

Phillips 66 Q1 2023 earnings infographic

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

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Infographic: Highlights of GameStop’s Q1 2023 earnings report

Video game company GameStop Corp. (NYSE: GME) on Wednesday reported a narrower net loss for the first quarter of 2023 despite a decline in sales. The company posted a net

Adobe’s (ADBE) Q2 report is due on June 15. What to look for?

After entering the new fiscal year on an upbeat note, design software maker Adobe Inc. (NASDAQ: ADBE) is all set to report second-quarter results on June 15, after the closing

Key takeaways from Campbell Soup’s (CPB) Q3 earnings report

Shares of Campbell Soup Company (NYSE: CPB) were down 7% on Wednesday, following the announcement of the company’s third quarter 2023 earnings results. Although earnings beat projections and revenue came

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top