Phillips 66 is an independent refiner that owns or holds interest in 10 refineries with a total crude throughput capacity of 1.9 million barrels per day, or mmb/d, at the end of 2025. The midstream segment comprises extensive transportation and NGL processing assets. It includes 70,000 miles of crude oil, refined petroleum product, NGL and natural gas pipeline systems, and a comprehensive set of refined petroleum product, NGL and crude oil terminals, gathering and processing plants and fractionation facilities and various other storage and loading facilities. Its CPChem chemical joint venture operates facilities primarily in the United States and the Middle East and produces olefins and polyolefins.
Employees12,600IPOJan 15, 2018SIC2911HQ2331 CityWest Boulevard, Houston, TX, USA, 77042
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Financials
Profitability
Metric
Current
Margins
Gross Margin
9.9%
Operating Margin
2.6%
EBITDA Margin
7.4%
Net Margin
3.3%
OCF Margin
3.8%
FCF Margin
2.1%
Returns on Capital
ROE
15.9%
ROA
6.0%
ROIC
4.7%
ROCE
11.3%
ROC (Greenblatt)
16.2%
3Y ROIIC
−90.6%
Consistency
Years Profitable / 10Y
9
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
15.14
Forward P/E
14.86
P/E ex-NRI
25.54
Shiller P/E (CAPE)
18.11
Cash Flow Multiples
P/FCF
24.47
P/OCF
13.47
P/Owner Earnings
13.82
FCF Yield
4.17%
Enterprise Value Multiples
EV / EBIT
13.26
EV / Forward EBIT
11.32
EV / EBITDA
8.84
EV / Forward EBITDA
8.86
EV / Revenue
0.65
EV / Forward Revenue
0.58
Asset / Sales
P/S
0.51
P/B
2.26
P/Tangible Book
2.47
Growth-Adjusted
PEG
—
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
2.89%
Forward Dividend Yield
3.01%
3Y Dividend Growth
7.4%
Payout Ratio
0.74
5Y Yield on Cost
3.92%
Buybacks & Dilution
3Y Buyback Ratio
4.90%
5Y Share Change
−7.3%
Combined
Shareholder Yield
4.26%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
0.68
Gross Debt / EBITDA
2.02
Cash / Debt
0.06
Equity / Assets
0.40
Coverage
Interest Coverage
3.11
Short-Term Liquidity
Current Ratio
1.30
Quick Ratio
0.91
Cash Ratio
0.08
Composite Scores
Piotroski F-Score
7
Altman Z-Score
3.69
Split History
Date
Split
No split history found.
Ex-date
Amount
Pay date
2026-02-23
$1.27
2026-03-04
2025-11-17
$1.2
2025-12-01
2025-08-19
$1.2
2025-09-02
2025-05-19
$1.2
2025-06-02
2025-02-24
$1.15
2025-03-05
2024-11-18
$1.15
2024-12-02
2024-08-20
$1.15
2024-09-03
2024-05-17
$1.15
2024-06-03
2024-02-16
$1.05
2024-03-01
2023-11-16
$1.05
2023-12-01
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View allDate
Transcript
Type
2026-08-05
Q2 2026 Phillips 66 Earnings Call Transcript
Earnings Call
2026-06-23
Phillips 66 at JPMorgan Energy, Power & Renewables Conference Transcript
Conference Presentations
2026-04-29
Q1 2026 Phillips 66 Earnings Call Transcript
Earnings Call
2026-03-17
Phillips 66 at Piper Sandler Energy Conference Transcript
Conference Presentations
2026-03-04
Phillips 66 at Morgan Stanley Energy & Power Conference Transcript
Conference Presentations
2026-02-04
Q4 2025 Phillips 66 Earnings Call Transcript
Earnings Call
2026-01-06
Phillips 66 at Goldman Sachs Energy, CleanTech & Utilities Conference Transcript
Conference Presentations
2025-10-29
Q3 2025 Phillips 66 Earnings Call Transcript
Earnings Call
2025-07-25
Q2 2025 Phillips 66 Earnings Call Transcript
Earnings Call
2025-04-25
Q1 2025 Phillips 66 Earnings Call Transcript
Earnings Call
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5-Step DuPont Analysis
ROE %
15.59%
×
×
Net Margin %
3.33%
×
×
Operating Margin %
2.55%
Operating Income
$3.38B
÷
Revenue
$132.38B
×
Tax Burden
0.8124
Net Income
$4.40B
÷
Pretax Income
$5.42B
×
Interest Burden
1.6031
Pretax Income
$5.42B
÷
Operating Income
$3.38B
×
Asset Turnover
1.81
÷
Revenue
$132.38B
÷
Average Total Assets
$73.13B
Begin Total Assets
$72.58B
End Total Assets
$73.68B
×
Equity Multiplier
2.59
÷
Avg Total Assets
$73.13B
÷
Avg Stockholders Equity
$28.25B
Begin Equity
$27.41B
End Equity
$29.09B