
If you aren't focused on one strategy, this score is the one you should be interested in.Įstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Overall, the stock has an aggregate VGM Score of A.

However, the stock was allocated a grade of A on the value side, putting it in the top quintile for this investment strategy. The consensus estimate has shifted -10.55% due to these changes.Ĭurrently, Phillips 66 has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with an F. It turns out, estimates revision have trended downward during the past month. How Have Estimates Been Moving Since Then? Total debt was $18.5 billion, reflecting a consolidated debt to capitalization of 35%. It paid out dividends of $486 million in the reported quarter.Īs of Mar 31, 2023, cash and cash equivalents were $7 billion. The company’s capital expenditure and investments totaled $378 million. Financial Conditionįor the reported quarter, Phillips 66 generated $1,199 million of net cash from operations, up from $1,136 million a year ago. Total costs and expenses in the first quarter declined to $32,438 million from $35,894 million in the year-ago period. While realized marketing fuel margins in the United States increased to $2.30 per barrel from the year-ago quarter’s $1.59 per barrel, the same in the international markets increased to $6.45 from the year-ago level of $2.30. Pre-tax earnings increased to $426 million from $296 million in the year-ago quarter. However, the West Coast witnessed a decline in margins from $17.74 per barrel in the year-ago quarter to $16.53 in the March-end quarter of 2023.

In the Gulf Coast, the metric improved to $21.28 per barrel from $8.59 in the prior-year quarter. The same in the Central Corridor and Atlantic Basin/Europe increased to $26.86 and $16.13 per barrel from the year-ago levels of $7.89 and $11.71, respectively. The segment’s realized refining margins worldwide improved to $20.72 per barrel from the year-ago quarter’s $10.83.

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It was backed by increased volumes and realized margins. The segment reported adjusted pre-tax earnings of $1,608 million, up from $190 million in the year-ago quarter.
