Phillips 66 Intrinsic Stock Value – Phillips 66 Reports Strong Q2 Earnings for FY2023

August 25, 2023

☀️Earnings Overview

On August 2 2023, PHILLIPS 66 ($NYSE:PSX) reported their earnings results for the second quarter of FY2023 (ending June 30 2023). There was a decrease of 27.8% in total revenue from the same period last year, bringing it to a total of USD 35.1 billion. Net income also decreased by 46.4%, to USD 1.7 billion.

Share Price

Despite a small dip in stock price, the company still experienced a successful quarter. The stock opened at $111.2 and closed at $109.0, representing a 2.8% decrease from the prior day’s closing price of 112.1.

However, investors remain optimistic as Phillips 66 reported increases in revenue and net income compared to the same period last year. Overall, Phillips 66 had a successful quarter and shareholders continue to be impressed with the progress and growth the company achieved. Despite the brief dip in stock price, investors are confident in the future prospects of Phillips 66 and remain excited about the potential for further increases in revenue and net income in the coming quarters. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Phillips 66. More…

    Total Revenues Net Income Net Margin
    154.72k 10.93k 5.8%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Phillips 66. More…

    Operations Investing Financing
    10.05k -1.47k -8.51k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Phillips 66. More…

    Total Assets Total Liabilities Book Value Per Share
    77.26k 42.35k 65.92
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Phillips 66 are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    20.6% 77.2% 10.0%
    FCF Margin ROE ROA
    5.0% 31.9% 12.5%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – Phillips 66 Intrinsic Stock Value

    At GoodWhale, we have conducted a comprehensive analysis of PHILLIPS 66‘s wellbeing. Our proprietary Valuation Line has estimated a fair value per share of $114.8 for PHILLIPS 66. However, the stock is currently trading at $109.0, meaning it is undervalued by 5.0%. This represents an excellent opportunity for investors to purchase PHILLIPS 66 shares at a discounted rate. We believe that PHILLIPS 66 offers an attractive entry point and should be considered for investment. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    Phillips 66 is an American multinational energy company headquartered in Houston, Texas. It was founded in 1917 and is engaged in the refining, marketing, and transportation of petroleum products, chemicals, and other petrochemical products. The company has a market capitalization of $46.61 billion as of February 2021. Phillips 66 is one of the largest refiners in the United States with a refining capacity of 2.2 million barrels per day. The company operates in three segments: Refining, Midstream, and Chemicals. The Refining segment engages in the refining of crude oil and other feedstocks into transportation fuels, such as gasoline, diesel fuel, aviation fuel, and heavy fuel oils, as well as other refined products, such as petrochemicals and lubricants. The Midstream segment provides transportation, storage, and marketing services for crude oil, natural gas liquids (NGLs), and natural gas. The Chemicals segment manufactures and markets chemicals and plastics.

    – Targa Resources Corp ($NYSE:TRGP)

    Targa Resources Corp is an American energy company that engages in the gathering, processing, and transportation of natural gas and natural gas liquids. The company has a market cap of 15.21B as of 2022 and a Return on Equity of 45.39%. Targa Resources is headquartered in Houston, Texas.

    – PT Surya Esa Perkasa Tbk ($IDX:ESSA)

    Surya Esa Perkasa Tbk is one of the largest publicly traded companies in Indonesia. It has a market capitalization of 15.03 trillion as of 2022 and a return on equity of 49.72%. The company is engaged in the production and distribution of cement, asphalt, and other building materials. It also has a significant presence in the mining, power generation, and construction industries.

    – ONEOK Inc ($NYSE:OKE)

    ONEOK, Inc. is a diversified energy midstream service provider and owns one of the largest natural gas gathering and processing systems in the U.S. The company operates in three segments: Natural Gas Gathering and Processing, Natural Gas Liquids (NGL) Transportation, and NGLs Sales and Services.

    ONEOK’s market cap as of 2022 is 24.88B. The company has a ROE of 28.78%.


    PHILLIPS 66‘s second quarter earnings results for fiscal year 2023 showed a significant decrease in both total revenue and net income relative to the same period in the prior year. Total revenue fell by 27.8% to USD 35.1 billion, while net income dropped by 46.4%. This indicates that investors should be aware of the potential risks associated with investing in the company, and should take a cautious approach when evaluating their investment decisions. Looking ahead, investors should carefully monitor the company’s financial performance to determine if the downward trend is set to continue.

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