Phillips 66

PSX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Phillips 66 Earnings: Strong Performance on the Back of Improving Refining Operations

Allen Good

Oct 30, 2025

Phillips 66’s third-quarter 2025 earnings exceeded expectations. Adjusted earnings rose year over year as stronger refining results offset weaker chemicals and marketing results. The company also agreed to buy the remaining 50% of WRB Refining that it didn’t own.

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Phillips 66

Phillips 66 Earnings: Strong Performance on the Back of Improving Refining Operations

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