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Phillips 66 posts 3Q profit of $1.58 billion, result tops expectations


HOUSTON — Phillips 66 (PSX) on Friday reported third-quarter profit of $1.58 billion.

On a per-share basis, the Houston-based company said it had profit of $2.90. Earnings, adjusted for non-recurring costs and asset impairment costs, were $3.02 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.27 per share.

The oil refiner posted revenue of $26.42 billion in the period.

Phillips 66 shares have climbed 21 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 1.5 percent. The stock has climbed 13 percent in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on PSX at


Keywords: Phillips 66, Earnings Report

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