Phillips 66

PSX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	!<$	LOCK\|&$CD	LOCK\|WDV&?M

Phillips 66 Earnings: Refining Strength Drives Strong Results As Midstream Growth Continues

Allen Good

Oct 29, 2026

Phillips 66’s third-quarter 2026 earnings far exceeded expectations, driven by favorable market conditions and strong operating performance. Results were strong across all segments, with meaningful year-over-year improvements, except in marketing.

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Phillips 66

Phillips 66 Earnings: Refining Strength Drives Strong Results As Midstream Growth Continues

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