Description:
PSX
ConocoPhillips separated Phillips 66 from its exploration arm in 2012, and the Houston-based refining unit saw a 4.9% drop in revenue in its first full-year of results
as a standalone entity. A dip in average prices for crude oil and petroleum products hurt the company’s bottom line, but Phillips 66 said it would look to grow by
increasing capital expenditures by 40% in 2014. So far, the company has expanded its presence in the specialty lubricants market through the acquisition of Memphis-
based Spectrum.
Key Financials:
Revenues 161,175.00-4.9%
Profits 3,726.00-9.7%
Assets 49,798.00
fortune.com
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