Market Buzz: Phillips 66 and Chevron Post Mixed Results
- October 27th, 2023
- 411 views
Phillips 66 (NYSE: PSX) reported its third-quarter 2023 earnings, with a figure of $4.63 per share. However, this result fell short of the consensus EPS estimate of $4.76. On the revenue side, the company performed better, with quarterly sales reaching $40.32 billion, surpassing analysts' expectations of $38.96 billion in revenue.
$PSX was trading at $110.09 in pre-market, showing a slight decrease of $0.01 (-0.01%).
In contrast, Chevron Corporation (NYSE: CVX) also released its third-quarter 2023 earnings, coming in at $3.05 per share, but this result missed the consensus EPS estimate of $3.33. The company's quarterly sales amounted to $54.08 billion, slightly above analysts' revenue forecast of $53.00 billion for the period.
In pre-market, $CVX was trading at $151.10, down $3.65 (-2.36%).
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
Earnings Countdown: Lockheed Martin, Stryker, and PACCAR Gear Up
January 26th, 2025Earnings Spotlight: SoFi Technologies, Sanmina, and Nucor Set to Report
January 26th, 2025Global Flag Football League Plans To Host Pro Flag Football Tournament in Las Vegas
January 23rd, 2025Earnings On Deck: Netflix, United Airlines, and Agilysys Gear Up
January 19th, 2025
Member Login