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 $3.02 on revenue of $28.52B. Analysts polled by Investing.com expected EPS of $2.69 on revenue of $29.35B. That compared to EPS of $2.8 on revenue of $29.74B in the same period a year earlier. The company had reported EPS of $0.4 on revenue of $23.66B in the previous quarter.
For the year, Phillips 66 shares are up 17.9%, under-performing the S&P 500 which is up 21.26% year to date.
Phillips 66 follows other major Energy sector earnings this month
On Thursday, Total ADR reported second quarter EPS of $1.05 on revenue of $45.2B, compared to forecasts of EPS of $1.12 on revenue of $47.15B.
Equinor ADR earnings missed analyst's expectations on Thursday, with second quarter EPS of $0.34 on revenue of $17.05B. Investing.com analysts expected EPS of $0.37 on revenue of $16.63B
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