Phillips 66 (PSX) Revenue — Quarter Ended Dec 31, 2024
Revenue declined in the current quarter compared with both the prior quarter and the same quarter a year earlier. The sequential decrease followed a drop in the preceding quarter, while the year-over-year decline was steeper than the sequential change.
Key takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue declined in the current quarter compared with both the prior quarter and the same quarter a year earlier. The sequential decrease followed a drop in the preceding quarter, while the year-over-year decline was steeper than the sequential change.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$33.7B
Revenue reported for this quarter.
Quarter-over-quarter
-5.2%
Change from the immediately preceding quarter.
Year-over-year
-12.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$143.2B
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, 2024 | $35.8B | +4.1% |
| Jun 30, 2024 | $38.1B | +8.7% |
| Sep 30, 2024 | $35.5B | -10.4% |
| Dec 31, 2024 | $33.7B | -12.0% |
Revenue performance
The reported revenue for the quarter was lower than the immediately preceding quarter, marking a continuation of the downward trend observed in the prior period.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was also lower, and the year-over-year decline was more pronounced than the sequential decline from the prior quarter.
What to watch
Revenue has declined for two consecutive quarters, with the year-over-year contraction accelerating relative to the sequential trend.