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MARKETS / NYSE / PSX
NYSE · PETROLEUM REFINING · LARGE CAP

Phillips 66 PSX

16 fiscal years on record · USD · FY2025 reported · SEC filings only
13 YEARS OF DIVIDEND GROWTH
$132.4B
▼ 7.5% YoY
$4.4B
▲ 108.0% YoY
In brief

What this company does

Phillips 66 transports, stores and markets crude oil, natural gas liquids and refined petroleum products, refines crude oil and other feedstocks into fuels, processes renewable feedstocks into renewable products, and holds an equity investment in a petrochemicals manufacturer. At December 31, 2025 it had approximately 12,600 employees. Its businesses are organized into five operating segments: Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels. The Midstream segment owned or held partial interests in approximately 70,000 miles of crude oil, refined petroleum product, NGL and natural gas pipeline systems, 39 refined petroleum product terminals and 35 natural gas gathering and processing plants located in the United States. The Refining segment refines crude oil and other feedstocks into petroleum products such as gasoline and distillates, and included 10 refineries in the United States and Europe. The Chemicals segment consists of a 50% equity investment in CPChem, which owned or had joint venture interests in 29 manufacturing facilities located in Belgium, Colombia, Qatar, Saudi Arabia and the United States. Gasoline, diesel and aviation fuel are marketed through marketer and joint venture outlets carrying the Phillips 66, Conoco and 76 brands, numbering approximately 7,620 branded outlets in 48 states. Headquartered in Houston, Texas, the company was incorporated in Delaware in 2011 in connection with a restructuring of ConocoPhillips that separated its downstream businesses into an independent, publicly traded company.

Written from the business description in Phillips 66's annual report to the U.S. Securities and Exchange Commission, filed 20 February 2026. Every sentence was checked against that document before publication.

Growth
USD 132.4B
Revenue, FY2025 · full 16-year series below
Revenue $B Net income $B
FY2025 · Revenue 132.4 · Net income 4.4
80B160B201020122014201620182020202220242025
Compound annual growth
−8.0%
+15.6%
+3.0%
−0.7%
−26.4%
+0.4%
+12.7%
−22.6%
+3.4%
+16.0%
+7.4%
+5.7%
+8.1%
−1.9%
+8.5%
+1.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +15.6% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
3 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating — · Net 3.4%
2%4%6%-2%-4%-6%201020122014201620182020202220242025
ROE
FY2025 · ROE 15.6%
20%40%-5%-10%-15%201020122014201620182020202220242025

Each USD of equity produced 16 cents of profit this year.

Cash & shareholders
USD 3.0B
returned in FY2025 · dividends + net buybacks
Net buybacks $B Dividends $B
FY2025 · Dividends 1.9 · Net buybacks 1.1
2.5B5.0BDividendsNet buybacks201020122014201620182020202220242025

USD 1.9B in dividends and USD 1.1B in buybacks — 69% of the year's profit went back to shareholders.

Total assetsUSD 73.7B
EquityUSD 29.1B
CashUSD 1.1B
Gross debtUSD 19.7B
Net debtUSD 18.6B
Current ratio1.30×

Net debt stands at 64% of equity.

The 16-year record
16 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010
Revenue $B132.4143.2147.4170.0111.564.1107.3111.5102.484.399.0161.2171.6179.3195.9146.6
Operating income $B·····−5.04.27.43.62.26.05.75.56.66.61.3
EBITDA $B·····−3.65.58.8········
Income tax $B0.90.52.23.20.1−1.20.81.6−1.70.51.81.71.82.51.80.6
Net income $B4.42.17.011.01.3−4.03.15.65.11.64.24.83.74.14.80.7
EPS, diluted $10.794.9915.4823.272.97−9.066.7711.809.852.927.738.336.026.487.521.16
Dividend / sh $4.754.504.203.833.623.603.503.102.732.452.181.891.330.450.000.00
Payout %44892716120−4051262782282222700
ROE %15.67.323.445.36.9−18.112.422.521.56.818.921.917.418.720.5·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 62 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 23 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityPetroleum Refining
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2010

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