Phillips 66 (PSX) Revenue — Quarter Ended Mar 31, 2023
Revenue declined in the current quarter compared to both the prior quarter and the same period a year earlier. The decrease reflects lower sales and other operating revenues.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue declined in the current quarter compared to both the prior quarter and the same period a year earlier. The decrease reflects lower sales and other operating revenues.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$34.4B
Revenue reported for this quarter.
Quarter-over-quarter
-14.6%
Change from the immediately preceding quarter.
Year-over-year
-4.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$168.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $48.6B | +79.9% |
| Sep 30, 2022 | $45B | +48.6% |
| Dec 31, 2022 | $40.3B | +23.5% |
| Mar 31, 2023 | $34.4B | -4.9% |
Revenue performance
The reported revenue moved downward from the immediately preceding quarter. The year-over-year comparison also showed a decrease.
Quarterly comparison
Revenue was lower than both the prior quarter and the same quarter one year ago. The sequential decline was more pronounced than the year-over-year change.
What to watch
Monitor the trend in sales and other operating revenues for further directional shifts.