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Phillips 66  (PSX)
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PSX's Operating Income Growth by Quarter and Year

Phillips 66's Operating Income results by quarter and year




PSX Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 3,241.00 5,242.00 625.00 -462.00
III Quarter September 4,153.00 5,257.00 981.00 548.00
II Quarter June 3,427.00 5,077.00 594.00 -1,235.00
I Quarter March 3,966.00 2,303.00 358.00 -11,989.00
FY   14,787.00 17,879.00 2,558.00 -13,138.00



PSX Operating Income fourth quarter 2023 Y/Y Growth Comment
Phillips 66 reported fall in Operating Income in the fourth quarter 2023 by -38.17% to $ 3,241.00 millions, from the same quarter in 2022.
The drop in the fourth quarter 2023 Phillips 66's Operating Income compares unfavorably to the Company's average Operating Income rise of 35.93%.

According to the results reported in the fourth quarter 2023, Phillips 66 achieved the best Operating Income growth in Oil & Gas Integrated Operations industry. While Phillips 66' s Operating Income drop of -38.17% ranks overall at the positon no. 280 in the fourth quarter 2023.

Explain Operating Income growth


PSX Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -38.17 % 738.72 % - -
III Quarter September -21 % 435.88 % 79.01 % -77.61 %
II Quarter June -32.5 % 754.71 % - -
I Quarter March 72.21 % 543.3 % - -
FY   -17.29 % 598.94 % - -

Financial Statements
Phillips 66's fourth quarter 2023 Operating Income $ 3,241.00 millions PSX's Income Statement
Phillips 66's fourth quarter 2022 Operating Income $ 5,242.00 millions Quarterly PSX's Income Statement
New: More PSX's historic Operating Income Growth >>


PSX Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -21.96 % -0.29 % -36.29 % -
III Quarter September 21.18 % 3.55 % 65.15 % -
II Quarter June -13.59 % 120.45 % 65.92 % -
I Quarter March -24.34 % 268.48 % - -
FY (Year on Year)   -17.29 % 598.94 % - -




Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry #0
Energy Sector #11
Overall #280

Operating Income Y/Y Growth Statistics
High Average Low
801.56 % 35.93 % -247.01 %
(Sep 30 2022)   (Sep 30 2020)
Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry #0
Energy Sector #11
Overall #280
Operating Income Y/Y Growth Statistics
High Average Low
801.56 % 35.93 % -247.01 %
(Sep 30 2022)   (Sep 30 2020)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Phillips 66's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
268.48 % 11.86 % -85.55 %
(Dec 31 2021)  


PSX's IV. Quarter Q/Q Operating Income Comment
In the IV. Quarter 2023 Phillips 66 realized fall in Operating Income from the previous quarter by -21.96% to $ 3,241.00 millions, from $ 4,153.00 millions declared in the previous reporting period.

As we analyse recent slump in the IV. Quarter 2023, we suppose to take into consideration, that frequently IV. Quarter Operating Income appear to be weaker in contrast to the quarter before, Xavier Taylor, a business observer based in Chicago said.

Within Oil & Gas Integrated Operations industry 4 other companies have achieved higher Operating Income quarter on quarter growth. While Phillips 66's Operating Income growth quarter on quarter, overall rank is 935.


Operating Income Q/Q Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry #5
Energy Sector #43
Overall #935
Operating Income Q/Q Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry #5
Energy Sector #43
Overall #935
Operating Income Q/Q Growth Statistics
High Average Low
268.48 % 11.86 % -85.55 %
(Dec 31 2021)  


PSX's IV. Quarter Q/Q Operating Income Comment
In the IV. Quarter 2023 Phillips 66 reported fall in Operating Income from the previous quarter by -21.96% to $ 3,241.00 millions, from $ 4,153.00 millions achived in the previous reporting period.

As we evaluate recent shortcoming in the quarter, we suppose to take into consideration, that usually IV. Quarter Operating Income occur weaker in contrast to the quarter before

Within Oil & Gas Integrated Operations industry 4 other companies have achieved higher Operating Income quarter on quarter growth. While Phillips 66's Operating Income growth quarter on quarter, overall rank is 935.


Phillips 66's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Operating Income 12 Months Ending $ 14,787.00 $ 16,788.00 $ 17,892.00 $ 19,542.00 $ 17,879.00
Y / Y Operating Income Growth (TTM) -17.29 % 26.59 % 99.11 % 333.98 % 598.94 %
Year on Year Operating Income Growth Overall Ranking # 14 # 26 # 22 # 9 # 15
Seqeuential Operating Income Change (TTM) -11.92 % -6.17 % -8.44 % 9.3 % 34.81 %
Seq. Operating Income Growth (TTM) Overall Ranking # 280 # 345 # 185 # 186 # 241




Cumulative Operating Income growth Comment
For the 12 months ended Dec 31 2023 Phillips 66 reported a fall in Operating Income by -17.29% year on year, to $14,787 millions, compare to the 26.59% growth at Sep 30 2023.

Phillips 66 achieved highest trailing twelve month year on year Operating Income growth. While Total ranking has impoved so far to 14, from total ranking in previous quarter at 26.

Operating Income TTM Q/Q Growth Statistics
High Average Low
801.56 %
35.93 %
-247.01 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry # 0
Energy Sector # 0
Overall # 14

Operating Income TTM Y/Y Growth Statistics
High Average Low
801.56 %
35.93 %
-247.01 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 0
Sector # 11
S&P 500 # 280
Cumulative Operating Income growth Comment
For the 12 months ended Dec 31 2023 Phillips 66 reported a fall in Operating Income by -17.29% year on year, to $14,787 millions, compare to the 26.59% growth at Sep 30 2023.

Phillips 66 achieved highest trailing twelve month year on year Operating Income growth. While Total ranking has impoved so far to 14, from total ranking in previous quarter at 26.

Operating Income TTM Q/Q Growth Statistics
High Average Low
801.56 %
35.93 %
-247.01 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry # 0
Energy Sector # 0
Overall # 14

Operating Income TTM Y/Y Growth Statistics
High Average Low
801.56 %
35.93 %
-247.01 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 0
Sector # 11
S&P 500 # 280




Other Operating Income Growth
Oil & Gas Integrated Operations Industry Operating Income Growth Trends and Statistics
Energy Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
PSX's Operating Income Growth Ratio versus Oil & Gas Integrated Operations Industry, Energy Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for PSX's Competitors
Operating Income Growth for Phillips 66's Suppliers
Operating Income Growth for PSX's Customers

You may also want to know
PSX's Annual Growth Rates PSX's Profitability Ratios PSX's Asset Turnover Ratio PSX's Dividend Growth
PSX's Roe PSX's Valuation Ratios PSX's Financial Strength Ratios PSX's Dividend Payout Ratio
PSX's Roa PSX's Inventory Turnover Ratio PSX's Growth Rates PSX's Dividend Comparisons



Companies with similar Operating Income fall for the quarter ending Dec 31 2023 within Energy SectorY/Y Change %Operating Income for the quarter ending Dec 31 2023
Select Water Solutions inc -0.55%$ -0.549 millions
Alpha Metallurgical Resources Inc -1.48%$ -1.477 millions
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Consol Energy Inc -3.15%$ -3.146 millions
Diamondback Energy Inc -4.06%$ -4.061 millions
Civitas Resources inc -4.52%$ -4.523 millions
Pioneer Natural Resources Co-6.17%$ -6.171 millions
Sm Energy Co-9.56%$ -9.557 millions
Viper Energy Inc -10.05%$ -10.051 millions
Ring Energy Inc -10.77%$ -10.769 millions
Conocophillips-11.54%$ -11.538 millions
Eog Resources Inc -12.23%$ -12.233 millions
Vital Energy inc -13.93%$ -13.926 millions
Helmerich and Payne inc -14.39%$ -14.391 millions
Highpeak Energy Inc -15.83%$ -15.826 millions
Imperial Oil Limited-15.98%$ -15.980 millions
Gran Tierra Energy Inc -16.87%$ -16.868 millions
Hess Corporation-17.99%$ -17.987 millions
Chord Energy Corporation-18.99%$ -18.988 millions
Riley Exploration Permian Inc -20.11%$ -20.108 millions
Black Stone Minerals L p -20.20%$ -20.203 millions
Shell Plc-22.41%$ -22.414 millions
Chevron Corp-25.79%$ -25.793 millions
Occidental Petroleum Corporation-28.26%$ -28.259 millions
Magnolia Oil and Gas Corp-30.23%$ -30.227 millions
Marathon Oil Corporation-30.48%$ -30.481 millions
Kimbell Royalty Partners lp-31.51%$ -31.512 millions
Exxon Mobil Corporation-32.92%$ -32.925 millions
Babcock and Wilcox Enterprises Inc-34.97%$ -34.965 millions
Murphy Oil Corporation-37.42%$ -37.420 millions




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