Investing.com - Phillips 66 (NYSE:PSX) reported second quarter earnings that beat analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.74 on revenue of $22.15B. Analysts polled by Investing.com anticipated EPS of $0.6411 on revenue of $22.88B. .
Phillips 66 shares gained 3.08% to trade at $75.74 in intra-day trade following the report.
For the year, Phillips 66 shares are up 41%, outperforming the S&P 500 which is up 17.34% year to date.
Phillips 66 follows other major Energy sector earnings this month
On July 28, Suncor Energy reported second quarter EPS of $0.3856 on revenue of $7.28B, compared to forecasts of EPS of $0.3947 on revenue of $7.31B.
Imperial Oil earnings missed analyst's expectations on Friday, with second quarter EPS of $0.5 on revenue of $8.05B. Investing.com analysts expected EPS of $0.6152 on revenue of $8.5B
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