Phillips 66 (NYSE:PSX) reported its Q1 earnings results on Wednesday, May 3, 2023 at 07:00 AM.

Here's what investors need to know about the announcement.

Earnings

Phillips 66 beat estimated earnings by 18.26%, reporting an EPS of $4.21 versus an estimate of $3.56.

Revenue was down $1.63 billion from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.35 which was followed by a 2.27% drop in the share price the next day.

Here's a look at Phillips 66's past performance:

To track all earnings releases for Phillips 66 visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.