Phillips 66 stock heads into October 28 results with Q2 strength

Published on 10/04/2026 at 15:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Phillips 66 stock was last at USD 264.58 on October 2 after Q2 revenue reached USD 52.04 billion. Twenty analysts assign a Buy consensus.

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Phillips 66 stock (ISIN US7185461040) was last at USD 264.58 on the NYSE on October 2, 2026, up 0.13 percent from USD 264.23. The company now heads toward its October 28, 2026, third-quarter report after a second quarter in which total revenue and other income reached USD 52.04 billion, up 55.3 percent year over year, according to Ticker Scout.

Q2 earnings reset the baseline

For the quarter ended June 30, 2026, Phillips 66 reported USD 3.85 billion in net income attributable to the company and USD 9.55 in GAAP diluted EPS. The year-over-year comparison was substantial: net income rose 338.7 percent from USD 877 million, while diluted EPS increased from USD 2.15, Ticker Scout reported.

Refining supplied the main earnings swing. Segment income before income taxes reached USD 3.06 billion in Q2 2026, compared with USD 359 million a year earlier, while operating cash flow totaled USD 7.26 billion for the quarter, according to Ticker Scout.

Consensus sits below the stock

The valuation picture is less one-sided than the earnings comparison. Investing.com lists a Buy consensus from 20 analysts, with an average 12-month price target of USD 257.16, a high of USD 340.00 and a low of USD 173.00. Against the USD 264.58 NYSE price on October 2, the average target is USD 7.42 lower.

That gap places the upcoming results under a higher bar. Q2 benefited from a refining segment result of USD 3.06 billion and a 96 percent crude capacity utilization rate, while the company operates across Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels.

October 28 is the next checkpoint

Phillips 66 has scheduled the release of its third-quarter 2026 results before the market opens on October 28, 2026. Management will host a webcast at noon ET that day, according to Business Wire.

Stock remains near its yearly high

Phillips 66 was last at USD 264.58 on the NYSE on October 2, 2026, with a 52-week range of USD 126.74 to USD 277.12. Its market capitalization was USD 106.1 billion and trading volume was 1,987,536 shares on that date.