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
Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results
Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or
NVDA Earnings: Nvidia Q3 profit jumps, beats estimates
NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues
Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance
Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the
