Houston, Texas-based Phillips 66 (PSX) is a renowned energy manufacturing and logistics company with operations in the U.S., U.K., Germany, and globally. Valued at $59.3 billion by market cap, it operates through Midstream, Chemicals, Refining, and Marketing and Specialties (M&S) segments. The leading energy company is expected to announce its fiscal second-quarter earnings for 2024 before the market opens on Tuesday, Jul. 30.
Ahead of the event, analysts expect PSX to report a profit of $3.29 per share, down 15% from $3.87 per share in the year-ago quarter. The company beat the consensus estimates in two of the last four quarters while missing on two occasions. In the previous quarter, Phillips 66’s EPS declined 54.9% year over year to $1.90, missing the consensus estimate by 7.3%.
