Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas. The Chemicals segment produces and markets ethylene and other olefin products; aromatics and styrenics products, such as benzene, cyclohexane, styrene, and polystyrene; and various specialty chemical products, including organosulfur chemicals, solvents, catalysts, and chemicals used in drilling and mining. The Refining segment refines crude oil and other feedstocks into petroleum products, such as gasolines, distillates, aviation, and renewable fuels at 12 refineries in the United States and Europe. The M&S segment purchases for resale and markets refined petroleum products, including gasolines, distillates, and aviation fuels primarily in the United States and Europe. This segment also manufactures and markets specialty products, such as base oils and lubricants. The company was founded in 1875 and is headquartered in Houston, Texas.

Phillips 66

Sales and Other Operating Revenues

Sales and Other Operating Revenues %Chg

Sales and Other Operating Revenues Common Size

Equity in Earnings of Affiliates

Equity in Earnings of Affiliates %Chg

Equity in Earnings of Affiliates Common Size

Net Gain on Dispositions

Net Gain on Dispositions %Chg

Net Gain on Dispositions Common Size

Other Income

Other Income %Chg

Other Income Common Size

Total Revenues and Other Income

Total Revenues and Other Income %Chg

Total Revenues and Other Income Common Size

Purchased Crude Oil and Products

Purchased Crude Oil and Products %Chg

Purchased Crude Oil and Products Common Size

Operating Expenses

Operating Expenses %Chg

Operating Expenses Common Size

Selling, General and Administrative Expenses

Selling, General and Administrative Expenses %Chg

Selling, General and Administrative Expenses Common Size

Depreciation and Amortization

Depreciation and Amortization %Chg

Depreciation and Amortization Common Size

Impairments

Impairments %Chg

Impairments Common Size

Taxes Other Than Income Taxes

Taxes Other Than Income Taxes %Chg

Taxes Other Than Income Taxes Common Size

Accretion on Discounted Liabilities

Accretion on Discounted Liabilities %Chg

Accretion on Discounted Liabilities Common Size

Interest and Debt Expense

Interest and Debt Expense %Chg

Interest and Debt Expense Common Size

Foreign Currency Transaction Losses

Foreign Currency Transaction Losses %Chg

Foreign Currency Transaction Losses Common Size

Total Costs and Expenses

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Total Costs and Expenses Common Size

Income Before Income Taxes

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Income Before Income Taxes Common Size

Income Tax Expense

Income Tax Expense %Chg

Income Tax Expense Common Size

Income from Continuing Operations

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Income from Discontinued Operations

Income from Discontinued Operations %Chg

Income from Discontinued Operations Common Size

Net Income

Net Income %Chg

Net Income Common Size

Less: Net Income Attributable to Noncontrolling Interests

Less: Net Income Attributable to Noncontrolling Interests %Chg

Less: Net Income Attributable to Noncontrolling Interests Common Size

Net Income Attributable to Phillips 66

Net Income Attributable to Phillips 66 %Chg

Net Income Attributable to Phillips 66 Common Size

Continuing Operations

Continuing Operations %Chg

Continuing Operations Common Size

Discontinued Operations

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Discontinued Operations Common Size

Basic

Basic %Chg

Basic Common Size

Diluted

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Diluted Common Size

Dividends Paid per Share of Common Stock

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Dividends Paid per Share of Common Stock Common Size

Total Revenues

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Total Revenues Common Size

Cost of Sales

Cost of Sales %Chg

Cost of Sales Common Size

Gross Profit

Gross Profit %Chg

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Gross Profit Margin

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Gross Profit Margin Common Size

Selling, General & Administrative Expenses

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Depreciation & Amortization Expenses

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Other Operating Expenses

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Operating Profit

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Operating Margin

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Interest and Investment Income

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Interest Expense

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Non-Operating Income

Non-Operating Income %Chg

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Total Non-Operating Income

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Income Before Provision for Income Taxes

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Income Before Provision for Income Taxes Common Size

Provision for Income Taxes

Provision for Income Taxes %Chg

Provision for Income Taxes Common Size

Consolidated Net Income

Consolidated Net Income %Chg

Consolidated Net Income Common Size

Net Income Attributable to Minority Interests and Other

Net Income Attributable to Minority Interests and Other %Chg

Net Income Attributable to Minority Interests and Other Common Size

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Adjusted Net Income

Net Revenue

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Income Statement	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Total Revenues	131,953	143,153	147,399	169,990	111,476	64,129	107,293	111,461	102,354	84,279	98,975
Total Revenues %Chg	-10.7%	-2.9%	-13.3%	52.5%	73.8%	-40.2%	-3.7%	8.9%	21.4%	-14.8%	-38.6%
Sales and Other Operating Revenues
Cost of Sales	117,710	129,962	128,086	149,932	102,102	57,707	95,529	97,930	79,409	62,468	73,399
Purchased Crude Oil and Products
Gross Profit	14,243	13,191	19,313	20,058	9,374	6,422	11,764	13,531	22,945	21,811	25,576
Gross Profit Margin	10.8%	9.2%	13.1%	11.8%	8.4%	10%	11%	12.1%	22.4%	25.9%	25.8%
Selling, General & Administrative Expenses	2,404	2,814	2,525	2,168	1,744	1,544	1,681	1,677	1,695	1,638	1,670
Selling, General and Administrative Expenses
Depreciation & Amortization Expenses	3,252	2,363	1,977	1,629	1,605	1,395	1,341	1,356	1,318	1,168	1,078
Depreciation and Amortization
Other Operating Expenses	7,934	6,764	6,914	6,724	7,079	9,301	6,367	5,336	18,207	17,989	18,399
Operating Expenses
Impairments
Taxes Other Than Income Taxes
Accretion on Discounted Liabilities
Operating Profit	653	1,250	7,897	9,537	-1,054	-5,818	2,375	5,162	1,725	1,016	4,429
Operating Margin	0.5%	0.9%	5.4%	5.6%	-0.9%	-9.1%	2.2%	4.6%	1.7%	1.2%	4.5%
Interest and Investment Income	858	1,779	2,017	2,968	2,904	1,191	2,127	2,676	1,732	1,414	1,573
Equity in Earnings of Affiliates
Interest Expense	-964	-907	-897	-619	-581	-499	-458	-504	-438	-338	-310
Interest and Debt Expense
Non-Operating Income	1,407	553	452	2,753	471	162	134	111	536	99	352
Net Gain on Dispositions
Other Income
Foreign Currency Transaction Losses
Total Non-Operating Income	1,301	1,425	1,572	5,102	2,794	854	1,803	2,283	1,830	1,175	1,615
Income Before Provision for Income Taxes	1,954	2,675	9,469	14,639	1,740	-4,964	4,178	7,445	3,555	2,191	6,044
Income Before Income Taxes
Provision for Income Taxes	328	500	2,230	3,248	146	-1,250	801	1,572	-1,693	547	1,764
Income Tax Expense
Consolidated Net Income	1,626	2,175	7,239	11,391	1,594	-3,714	3,377	5,873	5,248	1,644	4,280
Net Income
Net Income Attributable to Minority Interests and Other	121	58	224	367	277	261	301	278	142	89	53
Less: Net Income Attributable to Noncontrolling Interests
Net Income Attributable to Discontinued Operations	—	—	—	—	—	—	—	—	—	—	—
Income from Discontinued Operations
Net Income Attributable to Common Shareholders	1,505	2,117	7,015	11,024	1,317	-3,975	3,076	5,595	5,106	1,555	4,227
Net Income Attributable to Phillips 66
Basic EPS	3.7	5	15.6	23.4	3	-9.1	6.8	11.9	9.9	2.9	7.8
Diluted EPS	3.7	5	15.5	23.3	3	-9.1	6.8	11.8	9.9	2.9	7.7
Basic Weighted Average Shares Outstanding	408	420.2	450.1	471.5	440	439.5	451.4	470.7	515.1	527.5	542.4
Total Shares Outstanding	402.9	408.4	430.5	465.8	438.3	436.9	441	456.2	502.3	518.8	529.4
Diluted Weighted Average Shares Outstanding	409.2	421.9	453.2	473.7	440.4	439.5	453.9	474	518.5	530.1	547
EBITDA	653	3,613	9,874	11,166	551	-4,423	3,716	6,518	3,043	2,184	5,507
Effective Tax Rate	16.8%	18.7%	23.6%	22.2%	8.4%	25.2%	19.2%	21.1%	-47.6%	25%	29.2%