Phillips 66 (PSX) reported third-quarter 2024 adjusted earnings of $2.04 per share, which beat the Zacks Consensus Estimate of $1.63. However, the bottom line was lower than the year-ago quarter's level of $4.63. Total quarterly revenues of $36.4 billion beat the Zacks Consensus Estimate of $32 billion. However, the top line declined from the year-ago level of $40.3 billion. The better-than-expected quarterly results can be primarily attributed to cost reduction and the achievement of Midstream synergy targ ...

Exhibit 99.2 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------|-----------|-------------|------------------------------|----------------------------------------|--------------------------------------|------------------------------------------------|--------------------------|-------------|-------------|-------------| | https://fi | 1st | 2nd | Phillips 66 \n2024 \n3rd | Earnings CONSOLIDATED \nMillions \n4th | Release INCOME \n of Dol ...

Phillips 66 (PSX) is set to report third-quarter 2024 earnings on Oct. 29, before the opening bell.Let us delve into the factors that are likely to have affected this diversified energy player’s quarterly performance. However, before that, it would be worth reviewing PSX’s performance in the previous quarter.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Highlights of Q2 Earnings & Surprise HistoryIn the last reported quarter, the company’s earnings of $2.31 per share beat the Zacks ...

A financial researcher and avid investor with a keen eye for innovation and disruption, as well as growth buy-outs and value stocks. Keeping an eye on the pace of high tech and early growth companies, I write about current events and the biggest news surrounding the industry, and strive to provide readers with ample research and investment opportunities.Analyst’s Disclosure: I/we have a beneficial long position in the shares of PSX either through stock ownership, options, or other derivatives. I wrote this ...

Sign at 76 gas station in Lafayette, California, showing high gas prices, February 26, 2018. Parent ... [+] company Phillips 66 ranked number 34 on the 2017 Fortune 500 list. (Photo by Smith Collection/Gado/Getty Images)Getty ImagesLast week’s oil-price drop has set us up to buy some top-flight energy dividends on the cheap. We’re going to grab one with a “hidden” 10.3% yield in just a moment.First, this buy window goes well beyond a dip in the price of the goo. Fact is, oil dropped because things calmed (s ...

The market expects Phillips 66 (PSX) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 29, 2024, might help the stock move higher if these key numbers a ...

Phillips 66 (PSX) ), a leading energy company, has announced the closure of its Los Angeles oil refinery by the end of 2025, mentioning "long-term uncertainty" as a key factor behind the decision.The announcement came just two days after California Governor Gavin Newsom signed a new law that could impose further regulatory requirements on the state’s refiners, including mandates for fuel storage and transparency in resupply and maintenance plans. This Los Angeles facility accounts for approximately 8% of th ...

Phillips 66 (PSX) has announced the sale of 49% of its non-operated equity interest in Coop Mineraloel AG as part of its commitment to deliver $3 billion in asset divestitures in 2024. The company is set to sell its equity interest to its Swiss joint venture partner. Coop Mineraloel owns 324 retail sites and petrol stations in Switzerland.Details of the DealThe total consideration for the deal is 1.06 billion Swiss Francs (approximately $1.24 billion). PSX will receive 1 billion Swiss Francs (approximately ...

Phillips 66 (PSX) closed the latest trading day at $136.35, indicating a -0.05% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.61%. Meanwhile, the Dow gained 0.97%, and the Nasdaq, a tech-heavy index, added 0.33%.Heading into today, shares of the oil refiner had gained 8.51% over the past month, outpacing the Oils-Energy sector's loss of 2.26% and the S&P 500's gain of 5.36% in that time.Analysts and investors alike will be keeping a close eye on th ...

When Phillips 66 PSX releases earnings results for its third quarter on Tuesday, Oct. 29, analysts expect the company to report quarterly earnings at $2.1 per share. That’s down from $4.63 per share in the year-ago period. Phillips 66 projects to report revenue of $34.75 billion for the recent quarter, down from $40.32 billion a year earlier, according to data from Benzinga Pro.With the recent buzz around Phillips 66, some investors may be eyeing potential gains from the company's dividends, too. The compan ...