Phillips 66 refines crude oil into gasoline, diesel, jet fuel, and other petroleum products across 10 U.S. refineries with ~1.9 million barrels/day of capacity. It also operates a large midstream business — pipelines, terminals, and NGL processing facilities — that moves and handles crude oil, refined products, and natural gas liquids. A 50/50 chemical joint venture (CPChem) produces plastics feedstocks (olefins and polyolefins) primarily in the U.S. and Middle East. Customers include fuel distributors, industrial buyers, and petrochemical producers. Revenue comes from refining margins, midstream fees, and chemical sales.
Employees12,600IPOApr 12, 2012SIC2911HQ2331 CityWest Boulevard, Houston, TX, USA, 77042
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Financials
Profitability
Metric
Current
Margins
Gross Margin
11.3%
Operating Margin
4.6%
EBITDA Margin
8.5%
Net Margin
4.7%
OCF Margin
5.9%
FCF Margin
4.2%
Returns on Capital
ROE
24.7%
ROA
9.1%
ROIC
9.1%
ROCE
16.9%
ROC (Greenblatt)
23.6%
3Y ROIIC
−90.6%
Consistency
Years Profitable / 10Y
9
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
16.70
Forward P/E
12.92
P/E ex-NRI
19.74
Shiller P/E (CAPE)
29.02
Cash Flow Multiples
P/FCF
18.55
P/OCF
13.30
P/Owner Earnings
14.06
FCF Yield
5.46%
Enterprise Value Multiples
EV / EBIT
13.39
EV / Forward EBIT
12.77
EV / EBITDA
10.49
EV / Forward EBITDA
10.44
EV / Revenue
0.89
EV / Forward Revenue
0.83
Asset / Sales
P/S
0.78
P/B
3.72
P/Tangible Book
4.02
Growth-Adjusted
PEG
—
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
1.69%
Forward Dividend Yield
1.73%
3Y Dividend Growth
7.4%
Payout Ratio
0.33
5Y Yield on Cost
2.97%
Buybacks & Dilution
3Y Buyback Ratio
4.90%
5Y Share Change
−7.3%
Combined
Shareholder Yield
0.55%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
0.65
Gross Debt / EBITDA
1.60
Cash / Debt
0.20
Equity / Assets
0.39
Coverage
Interest Coverage
5.80
Short-Term Liquidity
Current Ratio
1.32
Quick Ratio
1.00
Cash Ratio
0.22
Composite Scores
Piotroski F-Score
8
Altman Z-Score
4.07
Split History
Date
Split
No split history found.
Ex-date
Amount
Pay date
2026-08-18
$1.27
2026-09-01
2026-05-18
$1.27
2026-06-01
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
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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 %
24.05%
×
×
Net Margin %
4.66%
×
×
Operating Margin %
4.59%
Operating Income
$6.98B
÷
Revenue
$152.17B
×
Tax Burden
0.7985
Net Income
$7.09B
÷
Pretax Income
$8.88B
×
Interest Burden
1.2726
Pretax Income
$8.88B
÷
Operating Income
$6.98B
×
Asset Turnover
1.93
÷
Revenue
$152.17B
÷
Average Total Assets
$78.88B
Begin Total Assets
$75.94B
End Total Assets
$81.81B
×
Equity Multiplier
2.67
÷
Avg Total Assets
$78.88B
÷
Avg Stockholders Equity
$29.50B
Begin Equity
$27.49B
End Equity
$31.51B
Top institutional holders
Q2 2026| Holder | Shares | % Owned | Chg. shares | |
|---|---|---|---|---|
| BlackRock, Inc. | 34.1M | 8.51% | +2.1M | $5.77B |
| VANGUARD CAPITAL MANAGEMENT LLC | 26.2M | 6.53% | +75.4K | $4.43B |
| STATE STREET CORP | 26.0M | 6.50% | +271.8K | $4.40B |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 22.2M | 5.54% | +113.6K | $3.76B |
| Elliott Investment Management L.P. | 19.3M | 4.80% | 0 | $3.25B |
| WELLS FARGO & COMPANY/MN | 12.5M | 3.11% | -1.3M | $2.11B |
| GEODE CAPITAL MANAGEMENT, LLC | 11.1M | 2.78% | +463.8K | $1.87B |
| MORGAN STANLEY | 7.2M | 1.80% | +106.5K | $1.22B |
| Bank of New York Mellon Corp | 6.5M | 1.61% | -412.4K | $1.09B |
| GOLDMAN SACHS GROUP INC | 5.6M | 1.40% | -110.6K | $948.92M |
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View allTop insider holdings
as reported| Insider | Shares held | % Owned | |
|---|---|---|---|
| Mitchell Kevin JOfficer | 97.4K | 0.0243% | $28.55M |
| LOWE JOHN EDirector | 83.5K | 0.0208% | $24.47M |
| TILTON GLENN FDirector | 74.4K | 0.0186% | $21.82M |
| Mandell BrianOfficer | 61.6K | 0.0154% | $18.06M |
| WHITTINGTON MARNA CDirector | 54.8K | 0.0137% | $16.07M |
| Harbison Richard GOfficer | 39.1K | 0.0098% | $11.46M |
| Baldridge DonOfficer | 32.6K | 0.0081% | $9.56M |
| HAYES GREGORYDirector | 31.4K | 0.0078% | $9.21M |
| Golodryga ZhannaOfficer | 30.5K | 0.0076% | $8.95M |
| Lashier Mark EOfficer | — | — | — |
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View allRecent insider activity
through Sep 16, 2026| Insider | Action | Shares | Date | |
|---|---|---|---|---|
| Mandell BrianOfficer | Option Exercise (Rule 16b-3 Exempt) | +23.4K | $1.75M | Sep 16, 2026 |
| Mandell BrianOfficer | Open-Market or Private Sale | -23.4K | $6.20M | Sep 16, 2026 |
| Kluppel Ann MOfficer | Gift | -40 | $0 | Sep 10, 2026 |
| Harbison Richard GOfficer | Option Exercise (Rule 16b-3 Exempt) | +13.5K | $1.01M | Aug 12, 2026 |
| Harbison Richard GOfficer | Option Exercise (Rule 16b-3 Exempt) | +14.8K | $1.32M | Aug 12, 2026 |
| Harbison Richard GOfficer | Option Exercise (Rule 16b-3 Exempt) | +23.8K | $2.39M | Aug 12, 2026 |
| Harbison Richard GOfficer | Open-Market or Private Sale | -52.1K | $11.66M | Aug 12, 2026 |
| Mandell BrianOfficer | Option Exercise (Rule 16b-3 Exempt) | +30.0K | $2.24M | Aug 11, 2026 |
| Mandell BrianOfficer | Open-Market or Private Sale | -30.0K | $6.45M | Aug 11, 2026 |
| Mandell BrianOfficer | Option Exercise (Rule 16b-3 Exempt) | +3.3K | $246.5K | Aug 10, 2026 |
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