Phillips 66 (PSX) Earnings: 2Q Adjusted EPS Surpasses Estimates with Strong Cash Flow

Phillips 66 on Smartkarma

Analysts on Smartkarma, like Baptista Research, are closely monitoring Phillips 66. In one report titled “Phillips 66: Potential For Expanded Flexibility With Trans Mountain Pipeline & Other Major Developments,” the company’s first-quarter earnings for fiscal 2024 were highlighted. Despite facing some obstacles, President and CEO Mark Lashier noted strong crude utilization rates during the quarter. However, maintenance work impacted the company’s ability to produce higher-value products.

Another report by Baptista Research, titled “Phillips 66: Is The Demand Recovery In The Refining Macro Enough To Warrant A Bullish Thesis? – Major Drivers,” praised the company’s strong performance in the fourth quarter and full year 2023. Phillips 66 reported a total shareholder return of 33% in 2023 and increased its quarterly dividend by 8%. The company emphasized its diversified and integrated portfolio as a key business strategy, delivering strong returns on capital employed and a high payout ratio supported by dividend growth.

A look at Phillips 66 Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Phillips 66, a downstream energy company with operations in oil refining, marketing, transportation, chemical manufacturing, and power generation, has received a mixed outlook based on Smartkarma Smart Scores. While the company shows strength in areas like dividend and growth, with scores of 4 and 5 respectively, it demonstrates average performance in value, resilience, and momentum, scoring 3 in each category.

The outlook for Phillips 66 indicates a promising potential for growth and decent returns for investors, highlighted by the strong scores in dividend and growth. However, there are areas that may warrant further attention, such as the company’s value, resilience, and momentum factors, which could impact its overall performance in the long term.

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