Phillips 66 (PSX) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter declined sharply compared with the same period a year earlier. Sequentially, revenue increased modestly from the prior quarter.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter declined sharply compared with the same period a year earlier. Sequentially, revenue increased modestly from the prior quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$35.1B
Revenue reported for this quarter.
Quarter-over-quarter
+2.0%
Change from the immediately preceding quarter.
Year-over-year
-27.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$154.7B
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 |
|---|---|---|
| Sep 30, 2022 | $45B | +48.6% |
| Dec 31, 2022 | $40.3B | +23.5% |
| Mar 31, 2023 | $34.4B | -4.9% |
| Jun 30, 2023 | $35.1B | -27.8% |
Revenue performance
The reported revenue moved lower on a year-over-year basis, reflecting a significant contraction from the prior year's level.
Quarterly comparison
Compared with the immediately preceding quarter, revenue rose slightly. However, when measured against the same quarter one year earlier, revenue was substantially lower.
What to watch
The filing context does not provide specific commentary on revenue drivers; monitor future filings for management's discussion of the year-over-year decline.