Phillips 66 (PSX) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter declined compared to the immediately preceding quarter. However, revenue increased relative to the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter declined compared to the immediately preceding quarter. However, revenue increased relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$35.8B
Revenue reported for this quarter.
Quarter-over-quarter
-6.4%
Change from the immediately preceding quarter.
Year-over-year
+4.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$148.8B
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, 2023 | $35.1B | -27.8% |
| Sep 30, 2023 | $39.6B | -11.8% |
| Dec 31, 2023 | $38.3B | -5.0% |
| Mar 31, 2024 | $35.8B | +4.1% |
Revenue performance
The reported revenue moved lower from the prior quarter, reflecting a sequential decrease. The year-over-year comparison shows an improvement from the same period a year ago.
Quarterly comparison
Compared with the immediately preceding quarter, revenue contracted. Compared with the same quarter one year earlier, revenue expanded.
What to watch
The sequential decline in revenue may warrant attention in the next reporting period.