Phillips 66 (PSX) financial statements
Phillips 66 reported revenue of $132.4B in fiscal 2025, up 5.1% a year over 9 years.
Net income was $4.4B.
The diluted share count fell 23% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Phillips 66's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $84.3B | $102.4B | $111.5B | $107.3B | $64.1B | $111.5B | $170.0B | $147.4B | $143.2B | $132.4B |
| Cost of revenue | $62.5B | $79.4B | $97.9B | $95.5B | $57.7B | $102.1B | $149.9B | $128.1B | $130.0B | $116.1B |
| Gross profit | $21.8B | $22.9B | $13.5B | $11.8B | $6.4B | $9.4B | $20.1B | $19.3B | $13.2B | $16.3B |
| Research and development | $60M | $60M | $55M | $54M | $48M | $47M | $42M | $27M | $15M | $6M |
| Selling, general and admin | $1.6B | $1.7B | $1.7B | $1.7B | $1.5B | $1.7B | $2.2B | $2.5B | $2.8B | $2.4B |
| Interest expense | $338M | $438M | $504M | $458M | $499M | $581M | $619M | $897M | $907M | $1.0B |
| Pre-tax income | $2.2B | $3.6B | $7.4B | $4.2B | -$5.0B | $1.7B | $12.6B | $7.9B | $1.8B | $1.0B |
| Income tax | $547M | -$1.7B | $1.6B | $801M | -$1.2B | $146M | $3.2B | $2.2B | $500M | $892M |
| Net income | $1.6B | $5.1B | $5.6B | $3.1B | -$4.0B | $1.3B | $11.0B | $7.0B | $2.1B | $4.4B |
| EPS (diluted) | $2.92 | $9.85 | $11.80 | $6.77 | -$9.06 | $2.97 | $23.27 | $15.48 | $4.99 | $10.79 |
| Diluted shares | 530M | 519M | 474M | 454M | 440M | 440M | 474M | 453M | 422M | 408M |
| Gross margin | 25.9% | 22.4% | 12.1% | 11.0% | 10.0% | 8.4% | 11.8% | 13.1% | 9.2% | 12.3% |
| Net margin | 1.8% | 5.0% | 5.0% | 2.9% | -6.2% | 1.2% | 6.5% | 4.8% | 1.5% | 3.3% |
Balance sheet
Fiscal years, from Phillips 66's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $2.7B | $3.1B | $3.0B | $1.6B | $2.5B | $3.1B | $6.1B | $3.3B | $1.7B | $1.1B |
| Receivables | $6.4B | $7.5B | $6.2B | $8.5B | $6.5B | $7.5B | $11.0B | $11.7B | $11.0B | $9.8B |
| Inventory | $3.1B | $3.4B | $3.5B | $3.8B | $3.9B | $3.4B | $3.3B | $3.8B | $4.0B | $5.1B |
| Total current assets | $12.7B | $14.4B | $13.2B | $14.4B | $13.3B | $14.7B | $21.9B | $19.9B | $17.9B | $17.3B |
| Property, plant and equipment | $20.9B | $21.5B | $22.0B | $23.8B | $23.7B | $22.4B | $35.2B | $35.7B | $35.3B | $39.1B |
| Goodwill | $3.3B | $3.3B | $3.3B | $3.3B | $1.4B | $1.5B | $1.5B | $1.6B | $1.6B | $1.4B |
| Total assets | $51.7B | $54.4B | $54.3B | $58.7B | $54.7B | $55.6B | $76.4B | $75.5B | $72.6B | $73.7B |
| Total current liabilities | $9.5B | $10.1B | $8.9B | $11.6B | $9.5B | $12.8B | $15.9B | $15.9B | $15.1B | $13.3B |
| Long-term debt | $9.6B | $10.1B | $11.1B | $11.2B | $14.9B | $13.0B | $16.7B | $17.9B | $18.2B | $18.7B |
| Total liabilities | $27.9B | $26.9B | $27.1B | $31.6B | $33.2B | $34.0B | $42.3B | $43.9B | $44.1B | $43.4B |
| Shareholders' equity | $22.4B | $25.1B | $24.7B | $24.9B | $19.0B | $19.2B | $29.5B | $30.6B | $27.4B | $29.1B |
| Net debt | $7.4B | $7.0B | $8.1B | $10.1B | $13.4B | $11.3B | $11.1B | $16.0B | $18.3B | $18.6B |
Cash flow
Fiscal years, from Phillips 66's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.0B | $3.6B | $7.6B | $4.8B | $2.1B | $6.0B | $10.8B | $7.0B | $4.2B | $5.0B |
| Stock-based compensation | $156M | $142M | $100M | $169M | $127M | $144M | $210M | $297M | $210M | $220M |
| Dividends paid | $1.3B | $1.4B | $1.4B | $1.6B | $1.6B | $1.6B | $1.8B | $1.9B | $1.9B | $1.9B |
| Share buybacks (net) | -$1.0B | -$1.6B | -$4.6B | -$1.6B | -$443M | $0 | -$1.5B | -$4.0B | -$3.5B | -$1.2B |
| Net borrowing | $2.1B | $3.5B | $2.2B | $1.8B | $5.2B | $1.4B | $453M | $6.3B | $6.3B | $8.4B |
| Dividends per share | $2.42 | $2.69 | $3.03 | $3.46 | $3.58 | $3.60 | $3.78 | $4.15 | $4.46 | $4.71 |
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What was Phillips 66's revenue in 2025?
$132.4B in fiscal 2025, from its 10-K filing.
From Phillips 66's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.