Phillips 66Phillips 66
Phillips 66

Phillips 66

PSX
Energy·Oil, Gas & Consumable Fuels

Phillips 66 engages in the processing, transportation, storage, and marketing of fuels and other related products. It operates through the following segments: Midstream, Chemicals, Refining, Renewable Fuels, and Marketing and Specialties. The Midstream segment provides crude oil and refined products transportation, terminal, and processing services, as well as natural gas, natural gas liquids, and liquefied petroleum gas transportation, storage, processing, and marketing services. The Chemicals segment produces and markets petrochemicals and plastics worldwide. The Refining segment refines crude oil and other feedstocks into petroleum products such as gasoline, distillates, and aviation fuels. The Renewable Fuels segment processes renewable feedstocks into renewable products at the Rodeo Renewable Energy Complex (Rodeo Complex) and at Humber Refinery. The Marketing and Specialties segment purchases for resale and markets refined petroleum products such as base oils and lubricants, and power generation operations. The company was founded in 1875 and is headquartered in Houston, TX.

Texas; U.S.A
Market cap
No dataNo data
Revenue
$132.4B−7.5% YoY
Net income
$4.4B+108.0% YoY
Free cash flow
$5B+18.4% YoY

Market

Listed stock
Tokenized stocks
PSXPriceNYSE
Loading…Loading…1Y

Financial performance

Revenue
$132.4B−7.5% YoY
Operating income
$-123.4B+11.3% YoY
Net income
$4.4B+108.0% YoY
Free cash flow
$5B+18.4% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $111.5B, 2022 $170B, 2023 $147.4B, 2024 $143.2B, 2025 $132.4B. Operating income: 2021 $-112.1B, 2022 $-157.1B, 2023 $-137B, 2024 $-139.1B, 2025 $-123.4B. Net income: 2021 $1.3B, 2022 $11B, 2023 $7B, 2024 $2.1B, 2025 $4.4B. Free cash flow: 2021 $6B, 2022 $10.8B, 2023 $7B, 2024 $4.2B, 2025 $5B. Reference line: Reference at $0.

Growth & profitability

Revenue growth
-7.5%−465 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $-112.1B, 2022-12-31 $-157.1B, 2023-12-31 $-137B, 2024-12-31 $-139.1B, 2025-12-31 $-123.4B. Net income: 2021-12-31 $1.3B, 2022-12-31 $11B, 2023-12-31 $7B, 2024-12-31 $2.1B, 2025-12-31 $4.4B. Free cash flow: 2021-12-31 $6B, 2022-12-31 $10.8B, 2023-12-31 $7B, 2024-12-31 $4.2B, 2025-12-31 $5B

Growth heatmap

2022202320242025CAGR
Revenue
+52.5%
-13.3%
-2.9%
-7.5%
+4.4%
Gross profit
+114.0%
-3.7%
-31.7%
+23.4%
+14.8%
Operating income
-40.1%
+12.8%
-1.6%
+11.3%
No data
Free cash flow
+79.7%
-35.0%
-40.4%
+18.4%
-4.7%

Earnings quality

Operating cash flow
$5B+18.4% YoY
Net income
$4.4B+108.0% YoY
Free cash flow
$5B+18.4% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 113%, 2024-12-31 198%, 2023-12-31 100%, 2022-12-31 98%, 2021-12-31 457%. Free cash flow: 2025-12-31 113%, 2024-12-31 198%, 2023-12-31 100%, 2022-12-31 98%, 2021-12-31 457%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
No data
Price to sales
No data
No data
No data
No data
EV / EBITDA
No data
No data
No data
No data
Free cash flow yield
No data
No data
No data
No data