Phillips 66 PSX

Refining & petrochemicals. Phillips 66, listed on NYSE.

Based on the FY2025 annual report (Jan 2025 – Dec 2025)

Phillips 66's market cap is
about $96.36 billion.

#113 by market cap among 289 companies, based on the Nov 5, 2026 close. FY2025 revenue was $132.376B.

Share price (close): $247.04; Close on Nov 5, 2026 · per share
P/E ratio: 22.9x; Closing price ÷ latest annual EPS
Market cap: $96.36B; #113 of 289
Revenue: $132.376B; #27 of 299 · −7.5% YoY
Operating income: —; Not reported
Net income: $4.403B; #100 of 298 · +108.0% YoY
Free cash flow: —; Not reported
Total assets: $73.68B; #108 of 299 · +1.5% YoY
Dividends paid: $1.922B; #76 of 214 · +2.1% YoY
Dividend per share: $4.75; #49 of 205 · +5.6% YoY
Dividend yield: 1.9%; #87 of 203
Shares outstanding: 408,053,000 shares; As of Dec 31, 2025

Size, put in perspective

Revenue every second$4,200$363M a day

Net income every second$140$12.1M a day

Buying Valero Energy with a year's profit4.3% of itBased on Valero Energy's market cap of about $102.6 billion

Market cap vs Valero Energy0.9×Phillips 66 ÷ Valero Energy

Calculated from the FY2025 annual report, spread evenly over 365 days.

Where the revenue went

Revenue is set at 100% and split into what went to costs, R&D, operating expenses and taxes, and what was left as profit.

Cost of revenue87.7%
R&D0.0%
Other expenses11.5%
Net income3.3%

Non-operating gains such as investment income (2.5% of revenue) were added, so net income is larger than operating income.

Profitability and stability

Each figure comes with its rank among 300 companies. The further right the dot, the higher the rank.

Revenue growthHow much revenue grew from the previous fiscal year: −7.5%; #292 of 299; Revenue fell from a year earlier. The median across 299 companies is +7.9%.
Operating marginShare of revenue kept as profit from the core business: —; Not ranked; The filing doesn't include the items needed to calculate this.
Net marginShare of revenue left as profit after interest and taxes: 3.3%; #259 of 298; After taxes, 3.3% of revenue was left as net income. The median across 298 companies is 14.0%.
FCF marginShare of revenue left as cash after capital spending: —; Not ranked; Free cash flow based on capital spending isn't calculated for financial companies.
ROEHow much profit the company earned on shareholders' equity in a year: 15.6%; #144 of 276; Earnings relative to equity are about average. The median across 276 companies is 16.8%.
Debt-to-equityLiabilities relative to equity. Lower means less debt: 149.3%; #111 of 244; Liabilities exceed equity. The median across 244 companies is 159.6%.

Revenue and profit over time

Gray bars show revenue and the green part inside shows net income. The number above each bar is revenue (abbreviated) and the number below is net margin. Hover over a bar to see the exact amounts.

Currency: US dollars. Years are the years in which each fiscal year ended.

Where the cash went

Unlike profit, cash flow is money that actually came in and went out.

Cash from operations$4.962B
Dividends paid−$1.922B

For financial companies, loans and investments drive cash flow rather than capital spending, so FCF isn’t calculated.

Whose money funds the assets

The company's assets, split into borrowed money (liabilities) and shareholders' money (equity).

Liabilities 59%Equity 39%

Total assets$73.68B
Total liabilities$43.439B
Total equity$29.093B
Cash and equivalents$1.116B

Compared with similar companies

Based on each company's latest annual report, so fiscal year ends may differ.

Compare in detail

Company	Annual revenue	Net income	Revenue growth	Operating margin	Net margin
Phillips 66PSX	$132.376B	$4.403B	−7.5%	—	3.3%
Valero EnergyVLO	$122.687B	$2.348B	−5.5%	2.6%	1.9%
Marathon PetroleumMPC	$132.699B	$4.047B	−4.4%	6.2%	3.0%

What the company does

Phillips 66 runs refining, pipeline and petrochemical businesses, the last through a joint venture with Chevron.

The fiscal year ends around December each year.

Related companies: Valero Energy, Marathon Petroleum

Financial statements

Last 5 fiscal years. Currency: US dollars.

Show the table

Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	111.476B	169.99B	147.399B	143.153B	132.376B
Cost of revenue	102.102B	149.932B	128.086B	129.962B	116.093B
Gross profit	9.374B	20.058B	19.313B	13.191B	16.283B
R&D expense	47M	42M	27M	15M	6M
Pretax income	1.737B	12.628B	7.887B	1.796B	1.035B
Net income	1.317B	11.024B	7.015B	2.117B	4.403B
EPS (diluted)	$2.97	$23.27	$15.48	$4.99	$10.79
Operating cash flow	6.017B	10.813B	7.029B	4.191B	4.962B
Dividends paid	1.585B	1.793B	1.882B	1.882B	1.922B
Total assets	55.594B	76.442B	75.501B	72.582B	73.68B
Total liabilities	33.957B	42.336B	43.851B	44.119B	43.439B
Total equity	21.637B	34.106B	31.65B	27.408B	29.093B
Cash and equivalents	3.147B	6.133B	3.323B	1.738B	1.116B
Original filing	10-K	10-K	10-K	10-K	10-K

Source: SEC EDGAR filings for Phillips 66 · CIK 0001534701 · US-GAAP