Investing.com - Phillips 66 (NYSE:PSX) reported fourth quarter earnings that beat analysts' expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $2.94 on revenue of $26.88B. Analysts polled by Investing.com expected EPS of $1.91 on revenue of $28.58B. .
Phillips 66 shares lost 0.02% to trade at $85.80 in intra-day trade following the report.
Phillips 66 shares lost 0.02% to trade at $85.80 in intra-day trade following the report.
For the year, Phillips 66 shares are up 18.41%, outperforming the S&P 500 which is down 8.95% year to date.
Phillips 66 follows other major Energy sector earnings this month
On Friday, Chevron reported fourth quarter EPS of $2.56 on revenue of $48.13B, compared to forecasts of EPS of $3.1 on revenue of $44.68B.
Schlumberger earnings beat analyst's expectations on Friday, January 21, 2022, with fourth quarter EPS of $0.41 on revenue of $6.23B. Investing.com analysts expected EPS of $0.389 on revenue of $6.09B
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