Phillips 66 Q4 Loss Narrower Than Expected, Revenues Top Estimates
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Phillips 66 reported a narrower-than-expected loss for Q4, with revenues surpassing estimates. However, both earnings and revenues declined year-over-year due to lower contributions from its Refining and Chemical segment.
January 31, 2025 | 7:30 pm
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Phillips 66's Q4 results showed a narrower-than-expected loss and revenues that exceeded estimates. Despite this, both earnings and revenues declined year-over-year, primarily due to weaker performance in the Refining and Chemical segment.
The narrower-than-expected loss and revenue beat are positive indicators, but the year-over-year decline in earnings and revenues, especially due to the underperformance of the Refining and Chemical segment, balances the impact. This results in a neutral short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100