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 $3.11 on revenue of $27.77B. Analysts polled by Investing.com forecast EPS of $2.54 on revenue of $27.89B. That compared to EPS of $3.1 on revenue of $30.59B in the same period a year earlier. The company had reported EPS of $3.02 on revenue of $28.52B in the previous quarter.
For the year, Phillips 66 shares are up 28.42%, outperforming the S&P 500 which is up 21.53% year to date.
Phillips 66 follows other major Energy sector earnings this month
On Thursday, Equinor ADR reported third quarter EPS of $0.32 on revenue of $15.51B, compared to forecasts of EPS of $0.3 on revenue of $16.08B.
ENI ADR earnings missed analyst's expectations on Friday, with third quarter EPS of $0.22 on revenue of $16.96B. Investing.com analysts expected EPS of $0.49 on revenue of $19.27B
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