Phillips 66 (PSX) Revenue — Quarter Ended Sep 30, 2024
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. The decrease reflects lower sales and other operating revenues.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. 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
$35.5B
Revenue reported for this quarter.
Quarter-over-quarter
-6.8%
Change from the immediately preceding quarter.
Year-over-year
-10.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$147.7B
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 |
|---|---|---|
| Dec 31, 2023 | $38.3B | -5.0% |
| Mar 31, 2024 | $35.8B | +4.1% |
| Jun 30, 2024 | $38.1B | +8.7% |
| Sep 30, 2024 | $35.5B | -10.4% |
Revenue performance
The reported revenue moved downward from the immediately preceding quarter. The year-over-year comparison also showed a decline.
Quarterly comparison
Compared to the prior quarter, revenue decreased. Relative to the same quarter one year earlier, revenue was also lower.
What to watch
Monitor whether the downward trend in revenue continues in subsequent quarters.