Phillips 66 reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 38,270 million compared to USD 40,279 million a year ago. Revenue was USD 38,739 million compared to USD 40,907 million a year ago. Net income was USD 1,260 million compared to USD 1,884 million a year ago. Basic earnings per share from continuing operations was USD 2.87 compared to USD 3.99 a year ago. Diluted earnings per share from continuing operations was USD 2.86 compared to USD 3.97 a year ago.
For the full year, sales was USD 147,399 million compared to USD 169,990 million a year ago. Revenue was USD 149,890 million compared to USD 175,702 million a year ago. Net income was USD 7,015 million compared to USD 11,024 million a year ago. Basic earnings per share from continuing operations was USD 15.56 compared to USD 23.36 a year ago. Diluted earnings per share from continuing operations was USD 15.48 compared to USD 23.27 a year ago.