NYSE:PSXOil and Gas
Phillips 66 (PSX) Is Down 6.1% After Refining-Led Q1 Earnings Beat - Has The Bull Case Changed?
In the first quarter of 2026, Phillips 66 reported revenue of US$33.00 billion and net income of US$207 million, with earnings per share from continuing operations of US$0.51, reflecting solid refining margins and improved performance in chemicals and renewable fuels.
Analysts highlighted that stronger refining margins and better results in chemicals and renewable fuels underpinned the earnings beat, reinforcing management’s emphasis on an integrated business model, capital discipline, and...