Phillips 66 PSX

Energy SIC 2911 - Petroleum Refining NAICS Manufacturing › Petroleum and Coal Products Manufacturing › Petroleum Refineries derived NYSE

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.

Last close 283.18 2026-10-23
Market cap $112.99B 2026-06-30 share count
52-week range 127.16 - 299.39

Valuation FY2025 figures against the last close

P/S0.9x
P/E26.2x
P/FCF22.8x
EV/EBITDA—
Dividend yield1.7%
Diluted EPS10.79

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • United Kingdom
  • Other countries
  • Germany
Revenue by geography, 4 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 104.3B (78.8%) 79% United States United Kingdom, FY2025: 13.2B (10.0%) 10% United Kingdom Other countries, FY2025: 9.9B (7.5%) 7% Germany, FY2025: 5B (3.8%) 4% FY2024 United States, FY2024: 113.6B (79.4%) 79% United Kingdom, FY2024: 12.7B (8.9%) 9% Other countries, FY2024: 11.6B (8.1%) 8% Germany, FY2024: 5.3B (3.7%) 4% FY2023 United States, FY2023: 118.8B (80.6%) 81% United Kingdom, FY2023: 14.6B (9.9%) 10% Other countries, FY2023: 8.4B (5.7%) 6% Germany, FY2023: 5.5B (3.8%) 4%
Region FY2025FY2024FY2023
United States $104.26B $113.60B $118.79B
United Kingdom $13.21B $12.71B $14.64B
Other countries $9.92B $11.58B $8.42B
Germany $4.99B $5.26B $5.55B

As the company reported it, from the “Sales and Other Operating Revenues - Schedule of Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • M&S
  • Refining
  • Midstream
  • Renewable Fuels
  • Other
Revenue by segment, 5 categories over 2 years. The same figures are in the table below. FY2025 M&S, FY2025: 83.7B (63.3%) 63% M&S Refining, FY2025: 26.9B (20.3%) 20% Refining Midstream, FY2025: 18.6B (14.0%) 14% Midstream Renewable Fuels, FY2025: 3.1B (2.4%) Other, FY2025: 0 (0.0%) FY2024 M&S, FY2024: 90.3B (63.1%) 63% Refining, FY2024: 34.8B (24.3%) 24% Midstream, FY2024: 16B (11.2%) 11% Renewable Fuels, FY2024: 2B (1.4%) Other, FY2024: 0 (0.0%)
Segment FY2025FY2024
M&S $83.74B $90.32B
Refining $26.87B $34.79B
Midstream $18.58B $16.01B
Renewable Fuels $3.15B $2.00B
Other $0 $0

As the company reported it, from the “Segment Disclosures and Related Information - Schedule of Analysis by Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 10.825.0115.5623.362.97-9.066.8011.879.902.94
EPS, diluted 10.794.9915.4823.272.97-9.066.7711.809.852.92
Shares, diluted (wtd. avg.) 408.1M421.9M453.2M473.7M440.4M439.5M453.9M474.0M518.5M530.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -50B 0 50B 100B 150B 200B Revenue, FY2016: 84.3B Gross profit, FY2016: 21.8B Net income, FY2016: 1.6B Revenue, FY2017: 102.4B Gross profit, FY2017: 22.9B Net income, FY2017: 5.1B Revenue, FY2018: 111.5B Gross profit, FY2018: 13.5B Net income, FY2018: 5.6B Revenue, FY2019: 107.3B Gross profit, FY2019: 11.8B Net income, FY2019: 3.1B Revenue, FY2020: 64.1B Gross profit, FY2020: 6.4B Net income, FY2020: -4B Revenue, FY2021: 111.5B Gross profit, FY2021: 9.4B Net income, FY2021: 1.3B Revenue, FY2022: 170B Gross profit, FY2022: 20.1B Net income, FY2022: 11B Revenue, FY2023: 147.4B Gross profit, FY2023: 19.3B Net income, FY2023: 7B Revenue, FY2024: 143.2B Gross profit, FY2024: 13.2B Net income, FY2024: 2.1B Revenue, FY2025: 132.4B Gross profit, FY2025: 16.3B Net income, FY2025: 4.4B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $84.28B $102.35B $111.46B $107.29B $64.13B $111.48B $169.99B $147.40B $143.15B $132.38B
Gross profit $21.81B $22.95B $13.53B $11.76B $6.42B $9.37B $20.06B $19.31B $13.19B $16.28B
Net income $1.55B $5.11B $5.59B $3.08B -$3.98B $1.32B $11.02B $7.01B $2.12B $4.40B

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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