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: Amazon (AMZN) Q4 2024 earnings beat estimates; sales rise 10%

E-commerce giant Amazon.com Inc. (NASDAQ: AMZN) on Thursday reported higher sales and profit for the fourth quarter of 2024. Earnings also beat analysts' estimates. Net sales increased to $187.8 billion

Philip Morris (PM) delivers strong performance in 4Q24 helped by smoke-free strength

Shares of Philip Morris International Inc. (NYSE: PM) jumped 10% on Thursday after the company delivered better-than-expected earnings results for the fourth quarter of 2024 and provided an encouraging outlook

Highlights of Bristol-Myers Squibb’s Q4 2024 earnings report

Biotechnology company Bristol Myers Squibb (NYSE: BMY) reported lower profit for the fourth quarter of 2024, despite an increase in revenue. Net income attributable to shareholders was $72 million or

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