Phillips 66 Misses Estimates, Plans to Sell Non-Core Assets
Phillips 66's adjusted earnings per share (EPS) for the quarter was $1.90, compared to adjusted EPS of $4.21 in the first quarter last year.
Source: rigzone.com
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Phillips 66 Reports 1Q 2024 Financial Results, Highlights Strategic Priorities Progress
First-Quarter Results First-quarter earnings of $748 million or $1.73 per share; adjusted earnings of $822 million or $1.90 per share $1.6 billion returned to shareholders through dividends and...
Source: marketscreener.com
Refining Giant Phillips 66 Books Lower-Than-Expected Earnings
Phillips 66 reported lower-than-forecast profits for the first quarter of the year, with refinery maintenance affecting product sales.
Source: oilprice.com
Phillips 66 misses first-quarter profit estimates on weaker margins
Refiner margins have scaled back from the peaks achieved after Russia's invasion of Ukraine in 2022, amid a rise in global refining capacity that has led to a drop in fuel prices. The company said its realized margins slumped about 47% to $10.91 per barrel in the first quarter from a year earlier, led by nearly a 50% decline in Gulf Coast margins. Shares of the refiner were down nearly 3% on Friday.
Source: yahoo.com
Phillips 66 (PSX) Q1 2024 Earnings Call Transcript
PSX earnings call for the period ending March 31, 2024.
Source: yahoo.com