Phillips 66

PSX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$113.00	Xqpcvc	Sckldmqhs

Phillips 66's Q4 Earnings Disappoint, but Shareholder Returns Increase

Allen Good

Feb 1, 2023

Phillips 66 reported fourth-quarter earnings that fell short of expectations as it didn’t as fully capitalize on the strong refining market as anticipated. Adjusted earnings increased to $1.9 billion compared with $1.3 billion a year ago as improved refining and marketing earnings offset declines in chemical earnings.

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