Phillips 66 (PSX) Earnings: Chemicals Adjusted Pretax Falls Short as Cash Flow Surpasses Estimates

Phillips 66 on Smartkarma

Analysts on Smartkarma, such as Baptista Research, have been closely following Phillips 66 and providing valuable insights into the company’s performance. In one report titled “Phillips 66: Refining Cost Reduction and Utilization Efficiency To Result In Margin Expansion? – Major Drivers,” analysts highlighted the company’s achievements and challenges in the third quarter of 2024. Despite tough market conditions, Phillips 66 showed resilience through strategic divestitures, operational efficiencies, and a growing focus on midstream assets and renewables. This report sheds light on how the company reported adjusted earnings of $859 million and $2.04 per share, showcasing a positive outlook.

Further, in another report titled “Phillips 66: Refining Operations and Market Positioning! – Major Drivers,” analysts from Baptista Research discussed the company’s performance in Q2, emphasizing solid financial metrics, strategic acquisitions, and operational improvements that contributed to a mixed yet resilient performance. With adjusted earnings of $984 million and an operating cash flow of $2.1 billion, Phillips 66 was able to return $1.3 billion to shareholders through dividends and share buybacks, demonstrating their commitment to creating value for investors. These reports offer investors a comprehensive view of Phillips 66‘s strategies and financial standing analyzed by top independent analysts on Smartkarma.

A look at Phillips 66 Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts are optimistic about the long-term outlook for Phillips 66, a downstream energy company that engages in oil refining, marketing, transportation, chemical manufacturing, and power generation. According to Smartkarma’s Smart Scores, Phillips 66 has received strong ratings in several key areas. The company scored high in Growth and Value, indicating positive prospects for future expansion and financial performance. Additionally, Phillips 66 received a solid rating for Dividend, suggesting that it may be a reliable choice for investors seeking income. While the company scored lower in Resilience and Momentum, the overall outlook appears promising based on its strong performance in Growth, Value, and Dividend.

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