Phillips 66PSXEarnings & Financial Report
The Phillips 66 Company is an American multinational energy company headquartered in Westchase, Houston, Texas. Its name, dating back to 1927 as a trademark of the Phillips Petroleum Company, assisted in establishing the newly reconfigured Phillips 66. The company today was formed ten years after Phillips merged with Conoco to form ConocoPhillips.
Revenue
$38.1B
Gross Profit
$3.5B
Operating Profit
N/A
Net Profit
$1.0B
Gross Margin
9.2%
Operating Margin
N/A
Net Margin
2.7%
YoY Growth
8.7%
EPS
$2.38
Phillips 66 Q2 FY2024 Financial Summary
Phillips 66 reported revenue of $38.1B (up 8.7% YoY) for Q2 FY2024, with a net profit of $1.0B (down 40.2% YoY) (2.7% margin). Cost of goods sold was $34.6B.
Key Financial Metrics
| Total Revenue | $38.1B |
|---|---|
| Net Profit | $1.0B |
| Gross Margin | 9.2% |
| Operating Margin | N/A |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Phillips 66 Q2 FY2024 revenue of $38.1B breaks down across 7 segments, led by Refining Segment at $23.1B (60.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Refining Segment | $23.1B | 60.6% |
| Midstream Segment | $4.3B | 11.4% |
| Natural Gas Liquids Reserves | $3.6B | 9.4% |
| GB | $3.2B | 8.4% |
| Renewable Fuels | $1.5B | 3.9% |
| DE | $1.4B | 3.6% |
| Other Product Line | $570.0M | 1.5% |
Phillips 66 Revenue by Segment — Quarterly Trend
Phillips 66 revenue by segment across the last 4 reported quarters, showing how each business line (such as Refining Segment and Midstream Segment) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Midstream Segment | — | — | $4.5B | — |
| GB | $3.5B | $3.4B | $3.4B | $3.0B |
| Renewable Fuels | $876.0M | $765.0M | — | $728.0M |
Phillips 66 Annual Revenue by Year
Phillips 66 annual revenue history includes year-by-year totals (for example, 2025 revenue was $132.4B).
| Year | Annual Revenue |
|---|---|
| 2025 | $132.4B |
| 2024 | $143.2B |
| 2023 | $147.4B |
| 2022 | $170.0B |
Phillips 66 Quarterly Revenue & Net Profit History
Phillips 66 results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $34.1B | +1.3% | $2.9B | 8.5% |
| Q3 FY2025 | $34.5B | -2.9% | $133.0M | 0.4% |
| Q2 FY2025 | $33.3B | -12.6% | $877.0M | 2.6% |
| Q1 FY2025 | $30.4B | -15.0% | $487.0M | 1.6% |
| Q4 FY2024 | $33.7B | -12.0% | $8.0M | 0.0% |
| Q3 FY2024 | $35.5B | -10.4% | $346.0M | 1.0% |
| Q2 FY2024 | $38.1B | +8.7% | $1.0B | 2.7% |
| Q1 FY2024 | $35.8B | +4.1% | $748.0M | 2.1% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $35.81B | $38.13B | $35.53B | $33.69B | $30.43B | $33.32B | $34.52B | $34.11B |
| YoY Growth | 4.1% | 8.7% | -10.4% | -12.0% | -15.0% | -12.6% | -2.9% | 1.3% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $76.40B | $75.94B | $75.08B | $72.58B | $71.84B | $75.94B | $76.12B | $73.68B |
| Liabilities | $45.61B | $45.44B | $45.30B | $44.12B | $43.48B | $47.31B | $48.04B | $43.44B |
| Equity | $29.73B | $29.45B | $28.72B | $27.41B | $27.27B | $27.49B | $26.92B | $29.09B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-236.0M | $2.10B | $1.13B | $1.20B | $187.0M | $845.0M | $1.18B | $2.75B |