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
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%