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.

Phillips 66 Q2 2023 earnings infographic

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

Infographic: How Spotify (SPOT) performed in Q2 2024

Spotify Technology S.A. (NYSE: SPOT) reported its second quarter 2024 earnings results today. Total revenue increased 20% year-over-year to EUR3.8 billion. Net income attributable to owners of the parent was

Philip Morris (PM) Q2 2024 Earnings: Key financials and quarterly highlights

Philip Morris International Inc. (NYSE: PM) reported its second quarter 2024 earnings results today. Net revenues increased 5.6% year-over-year to $9.5 billion. On an organic basis, revenues grew 9.6%. Net

LMT Earnings: Highlights of Lockheed Martin’s Q2 2024 financial results

Lockheed Martin Corporation (NYSE: LMT) Tuesday reported a year-over-year increase in net sales for the second quarter of 2024. The management raised its fiscal 2024 guidance. The aerospace company reported

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