Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-35349 Phillips 66 (Exact name of registrant as specified in its charter) Delaware 45-3779385 (State or other ...

Lake James Gas Plant GOLDSMITH, TX1 Cautionary Statement This presentation contains forward-looking statements within the meaning of the federal securities laws. Words such as “anticipated,” “estimated,” “expected,” “planned,” “scheduled,” “targeted,” “believe,” “continue,” “intend,” “will,” “would,” “objective,” “goal,” “project,” “efforts,” “strategies” and similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. However, the absence of th ...

Phillips 66 (NYSE:PSX) Q1 2024 Earnings Conference Call April 26, 2024 12:00 PM ET Company Participants Jeff Dietert - Vice President, Investor Relations Mark Lashier - President and Chief Executive Officer Kevin Mitchell - Chief Financial Officer Rich Harbison - Refining Tim Roberts - Midstream and Chemicals Brian Mandell - Marketing and Commercial Conference Call Participants Neil Mehta - Goldman Sachs Roger Read - Wells Fargo Securities Ryan Todd - Piper Sandler Manav Gupta - UBS John Royall - JPMorgan M ...

Phillips 66 (PSX) has reported first-quarter 2024 adjusted earnings of $1.90 per share, which missed the Zacks Consensus Estimate of $2.05. The bottom line was significantly lower than the year-ago quarter’s $4.21.Total quarterly revenues of $36.4 billion beat the Zacks Consensus Estimate of $31 billion. The top line also improved from the year-ago quarter’s $35.1 billion.Weak quarterly earnings can be primarily attributed to lower refining margins worldwide and increased expenses.Segmental ResultsMidstream ...

Key TakeawaysPhillips 66 reported a drop in first-quarter profits as refining margins thinned.The energy company's realized refining margins were nearly half what they were in the first quarter of 2023.The company noted its results were affected by maintenance, which limited its ability to produce higher-value products. Phillips 66 (PSX) shares dropped in intraday trading Friday after the energy producer’s quarterly profit fell as refining margins thinned. The company reported first-quarter net earnings slu ...

Exhibit 99.2 Phillips 66 Earnings Release Supplemental Data CONSOLIDATED INCOME STATEMENT Millions of Dollars, Except as Indicated 2024 2023 1st 2nd 3rd 4th 1st 2nd 3rd 4th Qtr Qtr Qtr Qtr YTD Qtr Qtr Qtr Qtr YTD Revenues and Other Income Sales and other operating revenues 35,811 35,811 34,396 35,090 39,643 38,270 147,399 Equity in earnings of affiliates 528 528 611 563 562 281 2,017 Net gain (loss) on dispositions — — 34 (12) 102 (9) 115 Other income** 97 97 48 99 15 197 359 Total Revenues and Other Income ...

Phillips 66 (PSX) came out with quarterly earnings of $1.90 per share, missing the Zacks Consensus Estimate of $2.05 per share. This compares to earnings of $4.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.32%. A quarter ago, it was expected that this oil refiner would post earnings of $2.37 per share when it actually produced earnings of $3.09, delivering a surprise of 30.38%.Over the last four quarters, the company h ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Phillips 66 (PSX) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Phillips 66 currently has an average bro ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase ...

Phillips 66 (PSX) is set to report first-quarter 2024 earnings on Apr 26, before the opening bell.In the last reported quarter, the company’s adjusted earnings of $3.09 per share beat the Zacks Consensus Estimate of $2.37 due to decreased costs and expenses. The positives were partially offset by lower refining margins worldwide.PSX’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed the same once, delivering an average surprise of 13.5%. This is depicted in the gr ...