Investing.com - Phillips 66 (NYSE:PSX) reported second quarter earnings that beat analysts' expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $-0.74 on revenue of $11.18B. Analysts polled by Investing.com expected EPS of $-0.89 on revenue of $14.62B. .
For the year, Phillips 66 shares are down 43.37%, under-performing the S&P 500 which is up 0.48% year to date.
Phillips 66 follows other major Energy sector earnings this month
On Friday, Chevron reported second quarter EPS of $-4.44 on revenue of $15.93B, compared to forecasts of EPS of $-0.89 on revenue of $21.71B.
Royal Dutch Shell B ADR earnings beat analyst's expectations on Thursday, with second quarter EPS of $0.16 on revenue of $32.5B. Investing.com analysts expected EPS of $-0.2 on revenue of $54.33B
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