(Reuters) -Phillips 66 fourth-quarter profit plummeted to $8 million from $1.26 billion last year, hurt by tumbling refining margins, sending shares of the U.S. refiner down 3.2% in morning trade.
The refining segment faced significant challenges as industry capacity grew. Phillips 66 delivered a substantial miss on earnings due to changing market conditions and strategic shifts.
Phillips 66 PSX reported fourth-quarter 2024 adjusted loss of 15 cents per share, narrower than the Zacks Consensus Estimate of a loss of 20 cents. The bottom line declined from the year-ago ...
Energy company Phillips 66 (PSX) saw its stock slip on Friday following the release of its Q4 2024 earnings report. That includes an adjusted per-share loss of 15 cents, much worse than the 3-cent ...
(RTTNews) - Below are the earnings highlights for Phillips 66 (PSX): Earnings: $8 million in Q4 vs. $1.260 billion in the same period last year. EPS: $0.01 in Q4 vs. $2.86 in the same period last ...