Investing.com - Phillips 66 (NYSE:PSX) reported first quarter earnings that beat analysts' expectations on Friday and revenue that topped forecasts.
The firm reported earnings per share of $1.02 on revenue of $21.24B. Analysts polled by Investing.com anticipated EPS of $0.7 on revenue of $20.21B. That compared to EPS of $0.4 on revenue of $23.66B in the same period a year earlier. The company had reported EPS of $1.54 on revenue of $29.37B in the previous quarter.
For the year, Phillips 66 shares are down 34.32%, under-performing the S&P 500 which is down 10.24% year to date.
Phillips 66 follows other major Energy sector earnings this month
On Friday, Chevron reported first quarter EPS of $1.93 on revenue of $29.71B, compared to forecasts of EPS of $0.65 on revenue of $29.75B.
Royal Dutch Shell B ADR earnings beat analyst's expectations on Thursday, with first quarter EPS of $0.74 on revenue of $60.96B. Investing.com analysts expected EPS of $0.52 on revenue of $65.15B
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