Phillips 66  (PSX)

Very bewildering effort by PSX over the fourth quarter of 2022

PSX delivered fourth quarter of 2022 operating surplus of $5242 millions

Published Mar 21 2023
Goran Soko / CSIMarket.com Contributer

well_in_Tsaidam_By_John_Hill_(Own_work)__[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Commons the Oil & Gas Integrated Operations company delivered very bewildering recent numbers in the Dec 31 2022 report, where Revenues soared by 52.812 % to $46.22 billions, while Phillips 66s' earnings per share soared by 328.66 % to $3.90 per share, from the same quarter a year before.

Opposing to the Q3 Revenues advanced by 2.803 % from $44.96 billions and EPS dropped by -65.05 % from $11.16 per share.

Bottom-line of $2,181.000 millions in the fiscal interval closing December 31 2022 increased by 346.93 % from net earnings of $488.000 millions reported in the fiscal interval closing December 31 2022 a year ago. Phillips 66 also emphasized it's improving profit margins, where net margin rose to 4.72% in fiscal interval closing December 31 2022, and operating margin edged up to 11.34%.
Operating earnings, however, rose 738.72% to $5242 millions. Analysts also pointed out, that within the operating numbers for the fiscal year 2022, PSX declared Revenues of $169.99 billions and net earnings of $11.39 billions.

Oil & Gas Integrated Operations company mentioned as well, that Eps surged by 683.5 % to $23.27 per share from $2.97 in the prior fiscal year , contributesRevenues surged by 52.49 % from $111.48 billions a year before.

Phillips 66 is expected to report next financial recent numbers on April 28, 2023.

Phillips 66's Revenue per Employee

Phillips 66's Asset Turnover


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