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Phillips 66 posts 3Q profit of $1.18 billion, result tops expectations


HOUSTON — Phillips 66 (PSX) on Wednesday reported earnings of $1.18 billion in its third quarter.

The Houston-based company said it had net income of $2.09 per share. Earnings, adjusted for non-recurring gains, were $2.02 per share.

The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.69 per share.

The oil refiner posted revenue of $41.05 billion in the period.

Phillips 66 shares have climbed nearly 2 percent since the beginning of the year, while the Standard & Poor's 500 index has increased almost 8 percent. The stock has risen 24 percent in the last 12 months.


This story was generated by Automated Insights using data from Zacks Investment Research. PSX stock research report from Zacks.


Keywords:Phillips 66,Earnings Report

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