Phillips 66: Fourth Quarter Earnings Overview

Phillips 66 Reports Strong Fourth-Quarter Earnings

Phillips 66, headquartered in Houston, announced on Wednesday that it achieved a net profit of $2.91 billion for the fourth quarter.

The company reported earnings of $7.17 per share, with adjusted earnings—excluding one-time items—coming in at $2.47 per share.

These results surpassed analysts’ expectations. According to Zacks Investment Research, the consensus estimate from seven analysts was $2.11 per share.