Phillips 66: Q4 earnings snapshot

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

Canada News News

Canada Canada Latest News,Canada Canada 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.

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 CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines