Phillips 66 (PSX) has reported first-quarter 2024 adjusted earnings of $1.90 per share, which missed the Zacks Consensus Estimate of$2.05. The bottom line was significantly lower than the year-ago quarter’s $4.21. Total quarterly revenues of$36.4 billion beat the Zacks Consensus Estimate of $31 billion. The top line also improved from the year-ago quarter’s$35.1 billion. Weak quarterly earnings can be primarily attributed to lower refining margins worldwide and increased expenses. Segmental Results Midst ...