Phillips 66 (PSX) revenue breakdown
By segment, M&S is the largest at 46% of fiscal 2025 revenue; Midstream grew fastest, 25% a year over 9 years.
By product, Refined petroleum products and renewable fuels is the largest at 74% of fiscal 2025 revenue; NGL and natural gas grew fastest, 21% a year over 9 years.
Revenue by segment
Fiscal years, as Phillips 66 reports them in its 10-K filings; fiscal 2025 total $188.1B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M&S | $63.4B | $72.3B | $73.4B | $73.6B | $43.1B | $75.6B | $114.7B | $98.9B | $92.4B | $85.9B | 46% |
| Refining | $17.9B | $25.2B | $83.1B | $76.8B | $42.2B | $75.1B | $110.0B | $92.2B | $85.0B | $74.9B | 40% |
| Midstream | $2.9B | $4.8B | $8.3B | $7.1B | $5.9B | $11.7B | $19.1B | $18.6B | $18.8B | $21.2B | 11% |
| Renewable Fuels | — | — | — | — | — | — | $3.4B | $4.9B | $5.6B | $6.2B | 3% |
| Chemicals | — | — | — | — | — | $3M | — | — | — | — | — |
| Chemicals | — | — | $5M | $3M | $3M | — | — | — | — | — | — |
Revenue by product
Fiscal years, as Phillips 66 reports them in its 10-K filings; fiscal 2025 total $132.4B.
| Products | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Refined petroleum products and renewable fuels | $73.4B | $85.4B | $88.0B | $87.9B | $49.8B | $89.0B | $131.8B | $108.6B | $103.7B | $97.4B | 74% |
| NGL and natural gas | $3.1B | $4.7B | $6.2B | $4.8B | $4.1B | $9.1B | $16.2B | $14.5B | $14.5B | $17.1B | 13% |
| Crude oil resales | $7.6B | $11.8B | $16.4B | $14.1B | $9.1B | $12.8B | $20.6B | $20.8B | $22.0B | $15.2B | 11% |
| Services and other | $193M | $471M | $914M | $452M | $1.2B | $581M | $1.4B | $3.5B | $2.9B | $2.8B | 2% |
Revenue by region
Fiscal years, as Phillips 66 reports them in its 10-K filings; fiscal 2025 total $132.4B.
| Regions | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $59.7B | $75.7B | $86.4B | $83.5B | $48.7B | $88.0B | $137.0B | $118.8B | $113.6B | $104.3B | 79% |
| United Kingdom | $9.9B | $10.6B | $11.1B | $9.9B | $7.0B | $11.1B | $16.7B | $14.6B | $12.7B | $13.2B | 10% |
| Other countries | $8.5B | $9.4B | $9.7B | $9.9B | $5.4B | $8.1B | $9.9B | $8.4B | $11.6B | $9.9B | 7% |
| Germany | $6.1B | $6.7B | $4.4B | $4.1B | $3.0B | $4.3B | $6.4B | $5.5B | $5.3B | $5.0B | 4% |
Questions
Where does Phillips 66 make its money?
In fiscal 2025, by segment: M&S $85.9B, Refining $74.9B, Midstream $21.2B, Renewable Fuels $6.2B.
From Phillips 66's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.