Phillips 66 revenue and financials

PSX · NYSE · USD

$269.72+1.94%+$5.14

Close · October 5, 2026

In the fiscal year ended December 2025, Phillips 66 reported revenue of $132.38B (−7.53% year over year). Net income was $4.4B, a net margin of 3.3%.

Annual revenue · 2025: $132.38B

$84.28B2016
$102.35B2017
$111.46B2018
$107.29B2019
$64.13B2020
$111.48B2021
$169.99B2022
$147.4B2023
$143.15B2024
$132.38B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: −7.53%; 2025 vs 2024
Net income growth: +107.98%; 2025 vs 2024
Net margin: 3.3%; 2024: 1.5%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total assets	81,810	84,084	73,680	76,116	75,942	71,838	72,582	75,080	75,945	76,399	75,501	77,786
Current assets	24,221	27,396	17,271	22,017	21,076	18,279	17,910	19,307	20,916	20,704	19,941	22,496
Cash and equivalents	4,099	5,150	1,116	1,845	1,052	1,489	1,738	1,637	2,444	1,570	3,323	3,539
Receivables	11,717	11,910	9,771	10,543	11,338	10,221	11,033	10,440	10,887	11,532	11,730	11,976
Inventory	5,922	6,723	5,097	6,419	5,583	5,240	3,995	6,037	6,522	6,286	3,750	5,732
Net property, plant and equipment	39,649	39,149	40,904	36,388	36,683	34,966	36,564	35,597	35,229	35,549	36,828	35,533
Goodwill	1,433	1,433	1,433	1,433	1,433	1,575	1,575	1,574	1,553	1,553	1,550	1,555
Other intangible assets	955	969	978	1,029	1,060	1,167	1,161	1,157	901	911	920	926
Long-term investments	12,220	11,871	11,602	12,348	13,125	13,216	14,204	15,065	15,037	15,433	14,923	15,172
Current liabilities	18,354	24,191	13,326	17,946	19,685	14,883	15,087	15,922	18,271	17,667	15,856	17,416
Accounts payable	12,049	11,876	8,867	10,224	10,851	10,725	10,304	10,906	12,322	12,474	10,901	12,710
Long-term debt	18,768	18,676	18,374	19,168	17,200	17,742	17,909	18,476	17,180	17,829	17,597	18,531
Total debt	20,565	27,124	19,716	21,755	20,935	—	—	—	—	—	—	—
Total liabilities	49,107	54,403	43,439	48,039	47,315	43,485	44,119	45,296	45,438	45,606	43,851	45,797
Total equity (incl. minority)	32,703	29,681	30,241	28,077	28,627	28,353	28,463	29,784	30,507	30,793	31,650	31,989
Retained earnings	36,270	32,934	33,239	30,818	31,172	30,785	30,771	31,237	31,372	30,846	30,550	29,751
Minority interest	1,197	1,153	1,148	1,160	1,136	1,080	1,055	1,062	1,052	1,067	1,067	1,168