Phillips 66 (PSX) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter declined compared with the same period a year earlier. Sequentially, revenue rose from the preceding quarter.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter declined compared with the same period a year earlier. Sequentially, revenue rose from the preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$39.6B
Revenue reported for this quarter.
Quarter-over-quarter
+13.0%
Change from the immediately preceding quarter.
Year-over-year
-11.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$149.4B
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 |
|---|---|---|
| Dec 31, 2022 | $40.3B | +23.5% |
| Mar 31, 2023 | $34.4B | -4.9% |
| Jun 30, 2023 | $35.1B | -27.8% |
| Sep 30, 2023 | $39.6B | -11.8% |
Revenue performance
The reported revenue fell versus the same quarter of the prior year. Compared with the immediately preceding quarter, revenue increased.
Quarterly comparison
On a year-over-year basis, revenue was lower. On a sequential basis, revenue improved from the prior quarter.
What to watch
The revenue decline relative to the prior year continues a trend of year-over-year decreases in recent quarters.