HOUSTON--(BUSINESS WIRE)--The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of $1.05 per share on Phillips 66 common stock. The dividend is payable on March 1, 2024, to shareholders of record as of the close of business on Feb. 20, 2024. About Phillips 66 Phillips 66 (NYSE: PSX) is a leading diversified and integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Che ...

Phillips 66 (PSX) ), a leading energy company, announced its decision to temporarily shut down crude oil processing operations at the Rodeo refinery in California during February. This strategic move is part of the company's larger plan to change the facility to a renewable fuel production hub by the end of the first quarter.During a post-earnings conference call on Wednesday, Phillips 66 revealed that it had already taken one crude unit offline last month but continued to process crude feedstocks in Januar ...

Phillips 66 (NYSE:PSX) Q4 2023 Earnings Conference Call January 31, 2024 12:00 PM ET Company Participants Jeff Dietert - Vice President, Investor Relations Mark Lashier - President and CEO Kevin Mitchell - Chief Financial Officer Tim Roberts - Midstream and Chemicals Rich Harbison - Refining Brian Mandell - Marketing and Commercial Conference Call Participants Ryan Todd - Piper Sandler Manav Gupta - UBS Doug Leggate - Bank of America John Royall - JPMorgan Paul Cheng - Scotiabank Matthew Blair - Tudor, Pick ...

Phillips 66 (PSX) has reported fourth-quarter 2023 adjusted earnings of $3.09 per share, which beat the Zacks Consensus Estimate of $2.37. However, the bottom line was lower than the year-ago quarter’s $4.Total quarterly revenues of $38.74 billion beat the Zacks Consensus Estimate of $34.3 billion. However, the top line declined from the year-ago quarter’s $40.91 billion.Better-than-expected quarterly results can be primarily attributed to decreased costs and expenses. The positives were partially offset by ...

STRONG PERFORMANCE, EXECUTING ON OUR PRIORITIES 4Q 2023 CONFERENCE CALL January 31, 2024 ...

For the quarter ended December 2023, Phillips 66 (PSX) reported revenue of $-999 million, down 102.4% over the same period last year. EPS came in at $3.09, compared to $4.00 in the year-ago quarter. ...

HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX), a leading diversified and integrated downstream energy company, announced fourth-quarter earnings of $1.3 billion, compared with earnings of $2.1 billion in the third quarter. Excluding special items of $102 million, the company had adjusted earnings of $1.4 billion in the fourth quarter, compared with third-quarter adjusted earnings of $2.1 billion. In addition, the company provided an update on progress toward its strategic priorities. “ In the fourth qu ...

Phillips 66 (PSX) is set to report fourth-quarter 2023 earnings on Jan 31, before the opening bell.In the last reported quarter, the company’s earnings of $4.63 per share missed the Zacks Consensus Estimate of $4.78 due to declining refining margins worldwide. PSX’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and missed the same twice, delivering an average surprise of 3.9%. This is depicted in the graph below.Estimate TrendThe Zacks Consensus Estimate for fourth-quarter ...

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 December 2023. 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 stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...

The most recent trading session ended with Phillips 66 (PSX) standing at $129.66, reflecting a +0.44% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.22% gain on the day. At the same time, the Dow added 0.36%, and the tech-heavy Nasdaq gained 0.32%.The oil refiner's stock has dropped by 3.71% in the past month, exceeding the Oils-Energy sector's loss of 5.7% and lagging the S&P 500's gain of 1.61%.Analysts and investors alike will be keeping a close eye on the performanc ...