Phillips Historical Income Statement
PSX Stock | USD 151.41 5.83 3.71% |
Historical analysis of Phillips income statement accounts such as Other Operating Expenses of 102.4 B, Operating Income of 4.3 B, EBIT of 5.9 B or Ebitda of 7.3 B can show how well Phillips 66 performed in making a profits. Evaluating Phillips income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Phillips's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Phillips 66 latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Phillips 66 is a good buy for the upcoming year.
Phillips |
About Phillips Income Statement Analysis
Phillips 66 Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Phillips shareholders. The income statement also shows Phillips investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Phillips Income Statement Chart
Phillips 66 Income Statement is one of the three primary financial statements used for reporting Phillips's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Phillips 66 revenue and expense. Phillips Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Phillips' Interest Expense is fairly stable compared to the past year. Gross Profit is likely to rise to about 13.7 B in 2024, whereas Depreciation And Amortization is likely to drop slightly above 1.4 B in 2024. Add Fundamental
Total Revenue
Total revenue comprises all receipts Phillips 66 generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Phillips 66 minus its cost of goods sold. It is profit before Phillips operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most accounts from Phillips' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Phillips 66 current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phillips 66. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. At this time, Phillips' Interest Expense is fairly stable compared to the past year. Gross Profit is likely to rise to about 13.7 B in 2024, whereas Depreciation And Amortization is likely to drop slightly above 1.4 B in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 605M | 642M | 928M | 974.4M | Depreciation And Amortization | 1.6B | 1.6B | 2.0B | 1.4B |
Phillips income statement Correlations
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Phillips Account Relationship Matchups
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Phillips income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 1.3B | 1.4B | 1.6B | 1.6B | 2.0B | 1.4B | |
Interest Expense | 481M | 521M | 605M | 642M | 928M | 974.4M | |
Total Revenue | 107.3B | 64.1B | 111.5B | 170.0B | 147.4B | 104.9B | |
Gross Profit | 10.4B | 5.0B | 7.8B | 18.4B | 11.2B | 13.7B | |
Other Operating Expenses | 104.0B | 65.7B | 111.0B | 160.4B | 139.5B | 102.4B | |
Operating Income | 5.5B | (287M) | 3.8B | 12.7B | 7.9B | 4.3B | |
Ebit | 5.5B | (287M) | 3.8B | 12.7B | 7.9B | 5.9B | |
Ebitda | 6.8B | 1.1B | 5.4B | 14.4B | 9.9B | 7.3B | |
Cost Of Revenue | 96.9B | 59.1B | 103.7B | 151.6B | 136.2B | 91.2B | |
Total Operating Expenses | 7.2B | 6.6B | 7.3B | 8.8B | 3.2B | 3.1B | |
Income Before Tax | 4.2B | (5.0B) | 1.7B | 14.6B | 9.5B | 5.2B | |
Total Other Income Expense Net | (1.3B) | (4.7B) | (2.1B) | 1.9B | 1.5B | 828.2M | |
Net Income | 3.1B | (3.7B) | 1.3B | 11.0B | 7.0B | 3.9B | |
Income Tax Expense | 801M | (1.3B) | 146M | 3.2B | 2.2B | 2.3B | |
Selling General Administrative | 1.7B | 1.5B | 1.7B | 8.8B | 2.5B | 2.4B | |
Research Development | 54M | 48M | 47M | 42M | 27M | 41.5M | |
Net Income Applicable To Common Shares | 3.1B | (4.0B) | 1.3B | 11.0B | 12.7B | 13.3B | |
Minority Interest | 301M | 2.5B | (277M) | 367M | (224M) | (212.8M) | |
Net Income From Continuing Ops | 3.8B | (3.7B) | 1.6B | 11.4B | 7.2B | 4.5B | |
Non Recurring | 861M | 4.3B | 1.5B | 60M | 69M | 65.6M | |
Non Operating Income Net Other | 2.3B | 1.4B | 3.4B | 5.7B | 6.6B | 6.9B | |
Tax Provision | 801M | (1.3B) | 146M | 3.2B | 2.2B | 2.3B | |
Interest Income | 43M | 14M | 2.7B | 2.0B | 269M | 255.6M | |
Net Interest Income | (415M) | (499M) | (605M) | (642M) | (657M) | (689.9M) | |
Reconciled Depreciation | 1.3B | 1.4B | 1.6B | 1.6B | 2.0B | 1.7B |
Phillips Investors Sentiment
The influence of Phillips' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Phillips. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Phillips' public news can be used to forecast risks associated with an investment in Phillips. The trend in average sentiment can be used to explain how an investor holding Phillips can time the market purely based on public headlines and social activities around Phillips 66. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Phillips' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Phillips' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Phillips' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Phillips.
Phillips Implied Volatility | 63.91 |
Phillips' implied volatility exposes the market's sentiment of Phillips 66 stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Phillips' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Phillips stock will not fluctuate a lot when Phillips' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Phillips in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Phillips' short interest history, or implied volatility extrapolated from Phillips options trading.
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phillips 66. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Phillips Stock analysis
When running Phillips' price analysis, check to measure Phillips' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Phillips is operating at the current time. Most of Phillips' value examination focuses on studying past and present price action to predict the probability of Phillips' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phillips' price. Additionally, you may evaluate how the addition of Phillips to your portfolios can decrease your overall portfolio volatility.
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Is Phillips' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Phillips. If investors know Phillips will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Phillips listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.28) | Dividend Share 4.2 | Earnings Share 15.48 | Revenue Per Share 327.454 | Quarterly Revenue Growth (0.05) |
The market value of Phillips 66 is measured differently than its book value, which is the value of Phillips that is recorded on the company's balance sheet. Investors also form their own opinion of Phillips' value that differs from its market value or its book value, called intrinsic value, which is Phillips' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Phillips' market value can be influenced by many factors that don't directly affect Phillips' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Phillips' value and its price as these two are different measures arrived at by different means. Investors typically determine if Phillips is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Phillips' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.