Phillips 66 reports 82% YoY rise in earnings to $1.5B - Breaking The News

Phillips 66 reports 82% YoY rise in earnings to $1.5B

26 October

1 min read

EPA / LARRY W. SMITH

American multinational energy company Phillips 66 Company announced on Friday its third-quarter earnings jumped 82% to $1.5 billion, topping Wall Street expectations. The Houston-based company said revenue for the quarter came in at $30.59 billion, also above analyst projections.

"We demonstrated the value of our integrated portfolio, delivering strong earnings and advancing strategic growth projects in the third quarter," Chairman and Chief Executive Officer Greg Garland said in the company's press release.

Shares of the oil refiner climbed 4.72% in pre-market trading following the release of its earnings.

earnings phillips 66

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