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Download dark forces psx8/26/2023 ![]() ![]() However, the stock was allocated a grade of A on the value side, putting it in the top quintile for this investment strategy. The consensus estimate has shifted -10.55% due to these changes.Ĭurrently, Phillips 66 has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with an F. It turns out, estimates revision have trended downward during the past month. ![]() How Have Estimates Been Moving Since Then? Total debt was $18.5 billion, reflecting a consolidated debt to capitalization of 35%. It paid out dividends of $486 million in the reported quarter.Īs of Mar 31, 2023, cash and cash equivalents were $7 billion. The company’s capital expenditure and investments totaled $378 million. Financial Conditionįor the reported quarter, Phillips 66 generated $1,199 million of net cash from operations, up from $1,136 million a year ago. Total costs and expenses in the first quarter declined to $32,438 million from $35,894 million in the year-ago period. While realized marketing fuel margins in the United States increased to $2.30 per barrel from the year-ago quarter’s $1.59 per barrel, the same in the international markets increased to $6.45 from the year-ago level of $2.30. Pre-tax earnings increased to $426 million from $296 million in the year-ago quarter. ![]() However, the West Coast witnessed a decline in margins from $17.74 per barrel in the year-ago quarter to $16.53 in the March-end quarter of 2023. In the Gulf Coast, the metric improved to $21.28 per barrel from $8.59 in the prior-year quarter. The same in the Central Corridor and Atlantic Basin/Europe increased to $26.86 and $16.13 per barrel from the year-ago levels of $7.89 and $11.71, respectively. The segment’s realized refining margins worldwide improved to $20.72 per barrel from the year-ago quarter’s $10.83. It was backed by increased volumes and realized margins. The segment reported adjusted pre-tax earnings of $1,608 million, up from $190 million in the year-ago quarter.
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