Phillips 66: Q4 earnings snapshot

  • 📰 HoustonChron
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

HOUSTON (AP) _ Phillips 66 on Tuesday reported fourth-quarter profit of $1.88 billion.

The Houston-based company said it had profit of $3.97 per share. Earnings, adjusted for non-recurring costs, came to $4 per share.

The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $4.34 per share. The oil refiner posted revenue of $40.91 billion in the period, beating Street forecasts. Four analysts surveyed by Zacks expected $34.3 billion.

For the year, the company reported profit of $11.02 billion, or $23.27 per share. Revenue was reported as $175.7 billion.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 609. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines