How did PSX's revenue and expenses shift in Q4 2024?

Phillips 66 (NYSE: PSX) experienced a notable shift in its revenue and expenses in Q4 2024, reflecting strategic initiatives and market conditions.

1. **Revenue Shift**:
- Phillips 66's revenue for Q4 2024 was not reported in the available data.
- However, the company's total quarterly revenues for Q3 2024 were $36.4 billion, which beat the Zacks Consensus Estimate of $32 billion. This indicates a strong revenue performance, albeit specific Q4 2024 figures are not available.
2. **Expense Shift**:
- Similarly, Phillips 66's operating expenses for Q4 2024 were not reported.
- The company's earnings for Q3 2024 were influenced by cost reduction efforts and the achievement of Midstream synergy targets, which partially offset the impact of reduced contributions from the Refining segment due to declining realized margins.

The absence of specific data for Q4 2024 prevents a detailed analysis of the revenue and expense shifts. However, the available information for Q3 2024 suggests that Phillips 66 has been successful in managing its expenses and generating revenue, despite the challenges posed by lower market crack spreads and declining realized refining margins.