Phillips 66 (PSX), headquartered in Houston, Texas, operates as an energy manufacturing and logistics company. With a market cap of $57.4 billion, the company’s operations include oil refining, marketing, and transportation along with chemical manufacturing and power generation. The leading integrated downstream energy provider is expected to announce its fiscal third-quarter earnings for 2024 before the market opens on Tuesday, Oct. 29.
Ahead of the event, analysts expect PSX to report a profit of $1.69 per share on a diluted basis, down 63.5% from $4.63 per share in the year-ago quarter. The company beat the consensus estimates in two of the last four quarters while missing the forecast on two other occasions.
