Investing.com - Phillips 66 (NYSE:PSX) reported third quarter earnings that beat analysts' expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $-0.01 on revenue of $16.30B. Analysts polled by Investing.com forecast EPS of $-0.64 on revenue of $18.17B. .
For the year, Phillips 66 shares are down 58.73%, under-performing the S&P 500 which is up 2.46% year to date.
Phillips 66 follows other major Energy sector earnings this month
On Friday, Chevron reported third quarter EPS of $0.11 on revenue of $24.45B, compared to forecasts of EPS of $-0.23 on revenue of $25.61B.
Royal Dutch Shell B ADR earnings beat analyst's expectations on Thursday, with third quarter EPS of $0.24 on revenue of $44.02B. Investing.com analysts expected EPS of $0.04 on revenue of $46.36B
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