Investing.com - Phillips 66 (NYSE:PSX) reported first quarter earnings that beat analysts' expectations on Friday and revenue that topped forecasts.
The firm reported earnings per share of $1.32 on revenue of $40.64B. Analysts polled by Investing.com expected EPS of $1.25 on revenue of $37.23B. .
Phillips 66 shares gained 2.47% to trade at $89.36 in intra-day trade following the report.
Phillips 66 shares gained 2.47% to trade at $89.36 in intra-day trade following the report.
For the year, Phillips 66 shares are up 23.32%, outperforming the S&P 500 which is down 10.6% year to date.
Phillips 66 follows other major Energy sector earnings this month
On Friday, Exxon Mobil reported first quarter EPS of $2.07 on revenue of $90.5B, compared to forecasts of EPS of $2.23 on revenue of $81.3B.
Chevron earnings missed analyst's expectations on Friday, with first quarter EPS of $3.36 on revenue of $54.37B. Investing.com analysts expected EPS of $3.43 on revenue of $50.65B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar