Phillips 66

PSX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Phillips 66 Earnings: Nonrefining Segments Pick Up Slack, Keep Payouts Coming

Allen Good

Oct 29, 2024

Phillips 66's third-quarter earnings exceeded market expectations despite falling sharply from the year before due to weakened refining results. Otherwise, performance was strong thanks to nonrefining segments, the realization of midstream synergy targets, and cost reductions.

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Phillips 66

Phillips 66 Earnings: Nonrefining Segments Pick Up Slack, Keep Payouts Coming

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