Yahoo Finance Phillips 66 First Quarter 2024 Earnings: EPS: US$1.74 (vs US$4.21 in 1Q 2023)
Phillips 66 (NYSE:PSX) First Quarter 2024 Results
Key Financial Results
Revenue: US$35.8b (up 4.1% from 1Q 2023).
Net income: US$748.0m (down 62% from 1Q 2023).
Profit margin: 2.1% (down from 5.7% in 1Q 2023). The decrease in margin was driven by higher expenses.
EPS: US$1.74 (down from US$4.21 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Phillips 66 Earnings Insights
Looking ahead, revenue is expected to decline by 5.2% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 2.2%.
Performance of the American Oil and Gas industry.
The company's shares are down 9.8% from a week ago.
Risk Analysis
Before you take the next step you should know about the 3 warning signs for Phillips 66 (1 is concerning!) that we have uncovered.
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