Categories AlphaGraphs, Earnings, Energy
Infographic: Phillips 66 (PSX) reports Q1 2023 financial results
Diversified energy company Phillips 66 (NYSE: PSX) on Wednesday announced results for the first quarter, reporting a decline in revenues and a sharp increase in adjusted profit.
Total revenue and other income decreased 4% year-over-year to $35.09 billion for the first quarter of 2023.
Net income attributable to Phillips 66 was $1.96 billion, or $4.20 per share in the first quarter, compared to $582 million or $1.29 per share in the prior-year period. Adjusted earnings rose sharply to $4.21 per share from $1.32 per share last year.
“We continued to make progress on our strategic priorities, delivering strong financial and operating results in the quarter,” 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
INTU Earnings: Intuit Q3 2024 revenue and adj. profit top expectations
Intuit Inc. (NASDAQ: INTU) Thursday reported an increase in adjusted earnings and revenues for the third quarter of 2024. The results also exceeded analysts' estimates. At $6.74 billion, the Mountain
After blowout quarter, Nvidia (NVDA) looks set to continue riding the AI wave
Shares of NVIDIA Corporation (NASDAQ: NVDA) rallied this week after the semiconductor giant reported robust first-quarter numbers. Being a first mover in artificial intelligence chips, the company is spearheading the
Target Corp. (TGT): A brief look at the retailer’s performance in Q1 2024
Shares of Target Corporation (NYSE: TGT) rose over 1% on Thursday. The stock has dropped over 11% in the past one month. The company delivered mixed results for the first