Are Strong Financial Prospects The Force That Is Driving The Momentum In Phillips 66's NYSE:PSX) Stock? [Yahoo! Finance]
Phillips 66 (PSX)
Last phillips 66 earnings: 5/1 07:00 am
Check Earnings Report
US:NYSE Investor Relations:
investor.phillips66.com/events-and-presentations/default.aspx
Company Research
Source: Yahoo! Finance
Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. In this article, we decided to focus on Phillips 66's ROE. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Simply put, it is used to assess the profitability of a company in relation to its equity capital. See our latest analysis for Phillips 66 How Do You Calculate Return On Equity? ROE can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Phillips 66 is: 23% = US$7.2b ÷ US$32b (Based on the trailing twelve months to December 2023). The 'return' is the yearly profit. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.23.
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News
- Phillips 66 (PSX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Phillips 66 (PSX) Q1 Earnings Miss, Revenues Increase Y/Y [Yahoo! Finance]Yahoo! Finance
- Phillips 66 Reports 1Q 2024 Financial Results, Highlights Strategic Priorities Progress [Yahoo! Finance]Yahoo! Finance
- Phillips 66 Reports 1Q 2024 Financial Results, Highlights Strategic Priorities ProgressBusiness Wire
- Commodity Roundup: Oil, gold firm ahead of U.S. GDP data, natgas down [Seeking Alpha]Seeking Alpha
PSX
Earnings
- 4/26/24 - Miss
PSX
Sec Filings
- 4/26/24 - Form 8-K
- 4/22/24 - Form PX14A6G
- 4/4/24 - Form 8-K
- PSX's page on the SEC website