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Phillips 66  (PSX)
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Phillips 66

PSX's Financial Statements and Analysis



Phillips 66 reported in the first quarter of 2024 net earnings per share of $1.73 a decrease by -58.81 % year on year from $4.20 and decline of -40 % from $2.88 earned in IV. Quarter (Dec 31 2023).


first quarter of 2024
Earnings Per Share Revenues
$ 1.73 $  35,811 Mill
$-2.47     -58.81 % $+1,415M     +4.11 %



Phillips 66's Revenue rose by 4.11 % in first quarter of 2024 (Mar 31 2024) year on year, to $35,811 million and declined by -6.43 % sequentially.


Phillips 66 is

More on PSX's Income Statement



Phillips 66 's net income of $761.000 million in the first quarter of 2024 decreased by -63.36 % from net earnings of $2,077.000 million achieved in I. Quarter a year ago.

Sequentially net earnings fell by -40.78 % from net income of $1,285.000 million realized in previous quarter.

More on PSX's Growth



Phillips 66 Inventories
Inventories grew by 15.45 % to $6,286 million from I. Quarter a year ago, sequentially inventories rose by 67.63 %. In Mar 31 2024 company's net cash and cash equivalents decreased by $-1,753 million


Phillips 66 payed out dividend of $4.12 per share in last 52 weeks representing 31.64 % of net earning per share in trailing twelve-month period.

During the same period Phillips 66 earned $ 12.95 cash per share, on a free-cash flow basis 99.48 % of net earning per share.

Book value grew by 2.08 % sequentially to $71.30 per share, -26.61% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 65.59 per share from $ 64.39.

Company repurchased 21.26 million shares or 4.69 % in Mar 31 2024.
Interest Coverage Ratio was 9.35. Debt Coverage Ratio was 0.44.

More on PSX's Dividends

 Market Capitalization (Millions) 59,363
 Shares Outstanding (Millions) 432
 Total Debt (Millions $) 20,154
 Revenue (TTM) (Millions $) 148,814
 Net Income (TTM) (Millions $) 5,923
 Cash Flow (TTM) (Millions $) -5,395
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 4.12 $
 Dividend Yield TTM (%) 3.02 %
 Employees (TTM) $ 14,000




Phillips 66 payed out dividend of $4.12 per share in the last 52 weeks representing 31.64 % of net earning per share in trailing twelve-month period.

During the same period Phillips 66 had $ 12.95 cash flow per share, on a free-cash flow basis 99.48 % of net earning per share.

Book value grew by 2.08 % sequentially to $71.30 per share, -26.61% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 65.59 per share from $ 64.39.

Company repurchased 21.26 million shares or 4.69 % in Mar 31 2024.
Interest Coverage Ratio was 9.35. Debt Coverage Ratio was 0.44.

More on PSX's Balance Sheets

 Market Capitalization (Millions) 59,363
 Shares Outstanding (Millions) 432
 Total Debt (Millions $) 20,154
 Revenue (TTM) (Millions $) 148,814
 Net Income (TTM) (Millions $) 5,923
 Cash Flow (TTM) (Millions $) -5,395
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 4.12 $
 Dividend Yield TTM (%) 3.02 %
 Employees (TTM) $ 14,000
   


  News about Phillips 66 Earnings

Phillips 66 Sees Significant Drop in Earnings Per Share during Q2 2023



The stock market is a volatile and ever-changing world, with companies experiencing both highs and lows. One such company, Phillips 66, recently released its financial figures for the April to June 2023 period. Despite its prominence in the oil and gas industry, the company's performance in this timeframe shows declining key metrics. This article delves into the interesting facts and figures from Phillips 66's financial span, shedding light on the challenges faced by the company and its impact on the stock market.
Earnings Per Share (EPS) Plunge:
A significant downturn was witnessed in Phillips 66's EPS, as it plummeted by -43.03% to $3.72 per share, compared to $6.53 per share in the previ...

Phillips 66 Reports Strong Financial Results, Surpassing Average ROI in Q1 2023

Phillips 66 is a well-known American multinational energy company that focuses on refining, marketing, and shipping petroleum. The company operates through various segments like refining, chemicals, marketing, and specialties. Additionally, it has an extensive network of pipelines, terminals, and transportation fleet that serve customers across the world.
The Q1 financial report of Phillips 66 in 2023 reveals some impressive figures. Firstly, the company achieved a return on average invested assets of 21.42%, significantly higher than its average ROI of 11.73%. Although the ROI decreased slightly from the previous reporting period, the company managed to improve its overall ranking in the market, moving ...