Phillips 66 PSX
Phillips 66, headquartered in Houston, Texas, was incorporated in Delaware in 2011 in connection with, and in anticipation of, a restructuring of ConocoPhillips that separated its downstream businesses into an independent, publicly traded company named Phillips 66. The two companies were separated by ConocoPhillips distributing to its shareholders all the shares of common stock of Phillips 66 after the market closed on April 30, 2012 (the separation). Phillips 66 stock trades on the New York Stock Exchange under the "PSX" stock symbol.
1)Midstream—Provides crude oil and refined petroleum product transportation, terminaling and storage services, as well as natural gas and natural gas liquids (NGL) gathering, processing, transportation, fractionation, storage and marketing services in the United States. In addition, this segment exports liquefied petroleum gas (LPG) to global markets.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $132.38B | $143.15B | $147.40B | $169.99B | $111.48B | $64.13B | $107.29B | $111.46B | $102.35B | $84.28B |
| Cost of revenue | $116.09B | $129.96B | $128.09B | $149.93B | $102.10B | $57.71B | $95.53B | $97.93B | $79.41B | $62.47B |
| Gross profit | $16.28B | $13.19B | $19.31B | $20.06B | $9.37B | $6.42B | $11.76B | $13.53B | $22.95B | $21.81B |
| R&D | $6.0M | $15.0M | $27.0M | $42.0M | $47.0M | $48.0M | $54.0M | $55.0M | $60.0M | $60.0M |
| SG&A | $2.44B | $2.81B | $2.52B | $2.17B | $1.74B | $1.54B | $1.68B | $1.68B | $1.70B | $1.64B |
| Pre-tax income | $5.29B | $2.62B | $9.24B | $14.27B | $1.46B | -$4.96B | $4.18B | $7.45B | $3.56B | $2.19B |
| Income tax | $892.0M | $500.0M | $2.23B | $3.25B | $146.0M | $1.25B | $801.0M | $1.57B | $1.69B | $547.0M |
| Net income | $4.40B | $2.12B | $7.01B | $11.02B | $1.32B | -$3.98B | $3.08B | $5.59B | $5.11B | $1.55B |
| EPS, basic | 10.82 | 5.01 | 15.56 | 23.36 | 2.97 | -9.06 | 6.80 | 11.87 | 9.90 | 2.94 |
| EPS, diluted | 10.79 | 4.99 | 15.48 | 23.27 | 2.97 | -9.06 | 6.77 | 11.80 | 9.85 | 2.92 |
| Shares, diluted (wtd. avg.) | $408.1M | $421.9M | $453.2M | $473.7M | $440.4M | $439.5M | $453.9M | $474.0M | $518.5M | $530.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.12B | $1.74B | $3.32B | $6.13B | $3.15B | $2.51B | $1.61B | $3.02B | $3.12B | $2.71B |
| Receivables | $9.77B | $11.03B | $11.73B | $10.98B | $7.47B | $6.52B | $8.51B | $6.17B | $7.51B | — |
| Inventory | $5.10B | $4.00B | $3.75B | $3.28B | $3.39B | $3.89B | $3.78B | $3.54B | $3.40B | $3.15B |
| Total current assets | $17.27B | $17.91B | $19.94B | $21.92B | $14.70B | $13.28B | $14.39B | $13.21B | $14.39B | $12.68B |
| Property, plant and equipment | — | — | — | — | — | — | — | $22.02B | $21.46B | $20.86B |
| Goodwill | $1.43B | $1.57B | $1.55B | $1.49B | $1.48B | $1.43B | $3.27B | $3.27B | $3.27B | $3.27B |
| Other intangibles | $978.0M | $1.16B | $920.0M | $831.0M | $813.0M | $843.0M | $869.0M | $869.0M | $876.0M | $888.0M |
| Total assets | $73.68B | $72.58B | $75.50B | $76.44B | $55.59B | $54.72B | $58.72B | $54.30B | $54.37B | $51.65B |
| Accounts payable | — | — | — | $10.75B | $7.63B | $5.17B | $8.04B | $6.11B | $7.24B | $6.39B |
| Short-term debt | $1.04B | $1.83B | $1.48B | $529.0M | $1.49B | $987.0M | $547.0M | $67.0M | $41.0M | $550.0M |
| Total current liabilities | $13.33B | $15.09B | $15.86B | $15.89B | $12.80B | $9.52B | $11.65B | $8.94B | $10.11B | $9.46B |
| Total liabilities | $43.44B | $44.12B | $43.85B | $42.34B | $33.96B | $33.20B | $31.55B | $27.15B | $26.94B | $27.93B |
| Retained earnings | $33.24B | $30.77B | $30.55B | $25.43B | $16.22B | $16.50B | $22.06B | $20.49B | $16.31B | $12.61B |
| Total equity | $29.09B | $27.41B | $31.65B | $34.11B | $21.64B | $21.52B | $27.17B | $27.15B | $27.43B | $23.73B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.96B | $4.19B | $7.03B | $10.81B | $6.02B | $2.11B | $4.81B | $7.57B | $3.65B | $2.96B |
| Depreciation and amortisation | $3.25B | $2.36B | $1.98B | $1.63B | $1.60B | $1.40B | $1.34B | $1.36B | — | — |
| Investing cash flow | -$2.10B | -$2.46B | -$1.79B | -$1.49B | -$1.87B | -$3.08B | -$3.69B | -$2.47B | -$1.15B | -$3.16B |
| Financing cash flow | -$3.54B | -$3.31B | -$8.09B | -$6.39B | -$3.47B | $1.79B | -$2.51B | -$5.17B | -$2.11B | -$178.0M |
| Dividends paid | $1.92B | $1.88B | $1.88B | $1.79B | $1.58B | $1.57B | $1.57B | $1.44B | $1.40B | $1.28B |
| Buybacks | $1.21B | $3.45B | $4.01B | $1.51B | $0 | $443.0M | $1.65B | $4.64B | $1.59B | $1.04B |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001534701-26-000006.
Others in SIC 2911
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| CVX | CHEVRON CORP | $412.15B | 31.5x | -4.6% |
| COP | CONOCOPHILLIPS | $161.29B | 21.1x | 4.9% |
| MPC | Marathon Petroleum Corp | $109.21B | 29.4x | -4.4% |
| VLO | VALERO ENERGY CORP/TX | $106.74B | 49.0x | -5.5% |
| IMO | IMPERIAL OIL LTD | $62.20B | — | — |
| PBF | PBF Energy Inc. | $8.80B | — | -11.4% |
| IEP | ICAHN ENTERPRISES L.P. | $4.85B | — | -3.6% |
| CLMT | Calumet, Inc. /DE | $4.67B | — | -1.2% |