Phillips 66 (PSX) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter declined compared to both the prior quarter and the same quarter a year earlier. The decrease reflects a continuation of the downward trend observed throughout the fiscal year.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter declined compared to both the prior quarter and the same quarter a year earlier. The decrease reflects a continuation of the downward trend observed throughout the fiscal year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$38.3B
Revenue reported for this quarter.
Quarter-over-quarter
-3.5%
Change from the immediately preceding quarter.
Year-over-year
-5.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$147.4B
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 |
|---|---|---|
| Mar 31, 2023 | $34.4B | -4.9% |
| Jun 30, 2023 | $35.1B | -27.8% |
| Sep 30, 2023 | $39.6B | -11.8% |
| Dec 31, 2023 | $38.3B | -5.0% |
Revenue performance
The reported revenue decreased from the immediately preceding quarter. It also fell relative to the same quarter one year ago.
Quarterly comparison
Compared with the prior quarter, revenue was lower. On a year-over-year basis, revenue also declined.
What to watch
Revenue has declined in each quarter of the fiscal year, with the current quarter showing the smallest sequential drop.