PSX - Petroleum Refineries Major Phillips 66 Shares Are Up Today: Details | Benzinga
Phillips 66 (NYSE:PSX) shares are trading higher after it reported better-than-expected fourth-quarter results.
Revenue of $38.74 billion exceeded the consensus of $36.50 billion. Adjusted EPS of $3.09 beat the consensus of $2.35.
Midstream segment adjusted pre-tax income stood at $754 million, vs. $569 million in the third quarter of fiscal 2023.
The Chemicals segment adjusted pre-tax income was $106 million vs. $104 million in prior quarter. Global olefins and polyolefins utilization was at 94% for the quarter.
The Refining segment adjusted pre-tax income stood at $797 million ...