Investing.com - Phillips 66 (NYSE:PSX) reported fourth quarter earnings that beat analysts' expectations on Friday and revenue that topped forecasts.
The firm reported earnings per share of $4.87 on revenue of $29.84B. Analysts polled by Investing.com anticipated EPS of $3.01 on revenue of $28.39B. That compared to EPS of $1.07 on revenue of $29.89B in the same period a year earlier. The company had reported EPS of $3.1 on revenue of $30.59B in the previous quarter.
For the year, Phillips 66 shares are up 6.49%, under-performing the S&P 500 which is up 9.25% year to date.
Phillips 66 follows other major Energy sector earnings this month
On Friday, February 1, 2019, Exxon Mobil reported fourth quarter EPS of $1.29 on revenue of $71.9B, compared to forecasts of EPS of $1.08 on revenue of $72.53B.
Total ADR earnings missed analyst's expectations on Thursday, with fourth quarter EPS of $1.17 on revenue of $46.31B. Investing.com analysts expected EPS of $1.25 on revenue of $68.67B
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