Phillips 66
Rank #355ValuePSX · NYSE · Energy
Phillips 66 (PSX) — Rank #355 by gross profitability (GP/assets 0.20) · ROE 14.0% · Piotroski F-Score N/A.
As-of 2026-09-15 · CIK 0001534701 · all metrics point-in-time as of the filing date.
About
Phillips 66 operates as an integrated downstream energy provider in the United States, the United Kingdom, Germany, and internationally.
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It operates through five segments: Midstream, Chemicals, Refining, Marketing and Specialties (M&S), and Renewable Fuels. The Midstream segment provides crude oil and refined petroleum product transportation, terminaling, and storage services, as well as natural gas and natural gas liquids (NGL) gathering, processing, transportation, fractionation, storage and marketing services. It also exports liquefied petroleum gas. The Chemicals segment produces and markets ethylene and other olefin products; aromatics and styrenics products, such as benzene, cyclohexane, styrene, and polystyrene; various specialty chemical products, including organosulfur chemicals, solvents, catalysts, and chemicals used in drilling and mining; and petrochemicals and plastics. The Refining segment refines crude oil and other feedstocks into petroleum products, such as gasolines and distillates, including aviation fuels. The M&S segment purchases for resale and markets refined products, including gasolines, distillates, and aviation fuels. This segment also manufactures and markets specialty products, such as automotive, commercial, industrial, and specialty lubricants, as well as base oils. The Renewable Fuels segment processes renewable feedstocks into renewable products, as well as supplies sustainable aviation fuel. This segment also procures renewable feedstocks, manages certain regulatory credits, and markets renewable diesel, renewable jet fuel, and other renewable fuels. The company markets its products under the Phillips 66, Conoco and 76, JET, Kendall, Red Line, and other private label brands.
Phillips 66 was founded in 1875 and is headquartered in Houston, Texas.
- Industry
- Oil & Gas Refining & Marketing
- Sector
- Energy
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- phillips66.com
Price History
Company Snapshot
P/E and dividend yield are the primary valuation lenses for mature businesses.
Market Cap
$105.49B
P/E (annual)
24.5
P/S (annual)
0.8
P/B
3.3
P/OCF (annual)
21.3
Shareholder Yield
5.1%
Employees
12,600
Industry
Oil & Gas Refining & Marketing
Exchange
NYSE
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
1/1 passGrowth
1/2 passTerry Smith quality gate
Passes 0/5 Terry Smith thresholds4 of 5 thresholds not computable from filed data.
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
Dividend yield and payout ratio are the primary reads at this stage (trailing P/E — see valuation above).
Profitability
Gross profitability (GP / assets)
0.20
Primary signal (Novy-Marx).
2nd of 5 SIC 2911 peers
Return on equity
14.0%
Gross margin
12.3%
2nd of 5 SIC 2911 peers
Revenue growth (YoY)
-7.5%
RPO growth (YoY)
50.9%
Remaining performance obligations growth — RPO > revenue = forward demand building.
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
-8.0%
Revenue CAGR (5Y)
15.6%
Earnings CAGR (3Y)
-26.4%
FCF CAGR (3Y)
—
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
1.50
Current ratio
1.32×
2nd of 5 SIC 2911 peers
Quick ratio
0.86×
Net cash
$2.30B
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
—
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
—
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.2%
Stock-based comp intensity.
Dividend safety
Composite score
1.5 / 5
Piotroski F-Score
F-Score
N/A
Only 8/9 components determinable.