Phillips 66 (PSX)

Phillips 66 operates as an integrated downstream energy provider in the United States, the United Kingdom, Germany, and internationally. It operates through five segments: Midstream, Chemicals, Refining, Marketing and Specialties (M&S), and Renewable Fuels. The Midstream segment 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. It also exports liquefied petroleum gas. The Chemicals segment produces and markets ethylene and other olefin products; aromatics and styrenics products, such as benzene, cyclohexane, styrene, and polystyrene; various specialty chemical products, including organosulfur chemicals, solvents, catalysts, and chemicals used in drilling and mining; and petrochemicals and plastics. The Refining segment refines crude oil and other feedstocks into petroleum products, such as gasolines and distillates, including aviation fuels. The M&S segment purchases for resale and markets refined products, including gasolines, distillates, and aviation fuels. This segment also manufactures and markets specialty products, such as automotive, commercial, industrial, and specialty lubricants, as well as base oils. The Renewable Fuels segment processes renewable feedstocks into renewable products, as well as supplies sustainable aviation fuel. This segment also procures renewable feedstocks, manages certain regulatory credits, and markets renewable diesel, renewable jet fuel, and other renewable fuels. The company markets its products under the Phillips 66, Conoco and 76, JET, Kendall, Red Line, and other private label brands. Phillips 66 was founded in 1875 and is headquartered in Houston, Texas.

Symbol
PSX
Exchange
NYSE
Sector
Energy
Industry
Oil & Gas Refining & Marketing
Market cap
$105.42B
52 week range
126.74 - 277.12

Valuation

Share price
$264.23 (close of 2026-10-01)
P/E (TTM)
15.03x
Price to book
3.22x
Price to free cash flow
11.81x
Enterprise value
$121.89B
Book value per share
$81.96

Price performance

PeriodChange
1 day+3.49%
5 days+3.27%
1 month+4.84%
3 months+51.42%
6 months+50.44%
Year to date+104.77%
1 year+96.32%
3 years+119.92%
5 years+264.10%
10 years+228.03%
All time+677.15%

Members of Congress who disclosed PSX trades

Jefferson Shreve · Alan Armstrong · Shelley Moore Capito

Profitability and growth

Return on equity
14.56%
Return on assets
5.98%
Gross margin
12.30%
Net margin
3.33%
EBITDA margin
7.24%
Revenue growth
-7.53%
Net income growth
107.98%
Free cash flow growth
18.40%

Cash flow and balance sheet

Free cash flow yield (TTM)
8.47%
Current ratio
1.32x
Net debt to EBITDA
1.28x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$132.38B
Cost of revenue
$116.09B
Gross profit
$16.28B
EBITDA
$9.59B
Net income
$4.40B
Earnings per share
$10.82
Research and development
$6.00M
Interest expense
$1.04B
Shares outstanding
406.01M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$132.38B$16.28B$4.40B$10.82
2024-12-31$143.15B$13.19B$2.12B$5.01
2023-12-31$147.40B$19.31B$7.01B$15.56
2022-12-31$169.99B$20.06B$11.02B$23.36
2021-12-31$111.48B$9.37B$1.32B$2.97
2020-12-31$64.13B$6.42B-$3.98B$-9.06
2019-12-31$107.29B$11.76B$3.08B$6.80
2018-12-31$111.46B$13.53B$5.59B$11.87
2017-12-31$102.35B$22.95B$5.11B$9.90
2016-12-31$84.28B$21.81B$1.55B$2.94

Margins and returns by year

Period endGross marginNet marginReturn on equity
2025-12-3112.30%3.33%14.56%
2024-12-319.21%1.48%7.44%
2023-12-3113.10%4.76%22.16%
2022-12-3111.80%6.49%32.32%
2021-12-318.41%1.18%6.09%
2020-12-3110.01%-6.20%-18.47%
2019-12-3110.96%2.87%11.32%
2018-12-3112.14%5.02%20.61%
2017-12-3122.42%4.99%18.62%
2016-12-3125.88%1.85%6.55%

Cash and debt by year

Period endCash
2025-12-31$1.12B
2024-12-31$1.74B
2023-12-31$3.32B
2022-12-31$6.13B
2021-12-31$3.15B
2020-12-31$2.51B
2019-12-31$1.61B
2018-12-31$3.02B
2017-12-31$3.12B
2016-12-31$2.71B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$4.96B$220.00M
2024-12-31$4.19B$210.00M
2023-12-31$7.03B$297.00M
2022-12-31$10.81B$210.00M
2021-12-31$6.02B$144.00M
2020-12-31$2.11B$127.00M
2019-12-31$4.81B$169.00M
2018-12-31$7.57B$100.00M
2017-12-31$3.65B$142.00M
2016-12-31$2.96B$156.00M

Dividend history

Most recent payment
2026-08-18
Paid in the last twelve months
$5.01
Payment dateDividend per share
2026-08-18$1.27
2026-05-18$1.27
2026-02-23$1.27
2025-11-17$1.20
2025-08-19$1.20
2025-05-19$1.20
2025-02-24$1.15
2024-11-18$1.15

Investor relations

Next earnings report

Next confirmed report
2026-10-28
Consensus EPS estimate
$9.98

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-05Jun/2026$7.68
2026-04-29--
2026-02-04--
2025-10-29--
2025-07-25--
2025-04-25--
2025-01-31--
2024-10-29--

Filings and sources

Company website
phillips66.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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