HOUSTON — Phillips 66 (PSX) on Friday reported second-quarter net income of $1.01 billion.
The Houston-based company said it had net income of $1.84 per share. Earnings, adjusted for non-recurring gains, were $1.83 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.81 per share.
The oil refiner posted revenue of $29.08 billion in the period.
Phillips 66 shares have risen 10 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 2 percent. The stock has dropped 3 percent in the last 12 months.
Keywords: Phillips 66, Earnings Report