Phillips 66 (PSX) Financial Statements & Analysis

Phillips 66 Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Phillips 66 income statement - Annual data in billions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2026	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	32.54	132.38	143.15	147.26	169.99	111.48	63.69	107.44	111.27	89.55
Cost of Revenue	29.22	119.34	129.96	135.98	151.56	103.71	63.51	102.13	104.13	85.43
Gross Profit	3.32	13.03	13.19	11.29	18.43	7.77	0.18	5.32	7.14	4.12
Operating Expenses
Research & Development	-	0.01	0.02	0.03	0.04	0.05	0.05	0.05	0.06	0.06
Selling, General & Administrative	0.54	2.44	2.81	2.28	2.17	1.74	1.50	1.63	1.62	1.64
Operating Expenses	3.22	9.65	11.90	3.02	8.81	7.30	2.01	2.09	2.10	2.10
Operating Income	0.11	3.38	1.29	8.27	9.62	0.47	-1.83	3.23	5.04	2.01
Other Income/Expense
Interest Income	0.25	0.14	1.78	0.27	0.08	0.01	0.01	0.04	0.05	0.03
Interest Expense	-	1.09	-0.91	0.90	0.64	0.61	0.50	0.46	0.50	0.44
Other Income/Expense	0.15	2.98	1.39	1.20	5.58	1.87	-3.14	0.95	2.40	1.54
Income
Income Before Tax	0.26	5.42	2.68	9.47	14.64	1.74	-4.96	4.18	7.45	3.56
Income Tax Expense	0.04	0.89	0.50	2.23	3.25	0.15	-1.25	0.80	1.57	-1.69
Net Income	0.21	4.40	2.12	7.00	11.02	1.32	-3.98	3.08	5.60	5.11
Net Income - Continuous Operations	-	4.53	2.12	7.00	11.39	1.59	-3.98	3.08	5.60	5.11
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	0.66	9.76	4.16	12.37	16.91	3.95	-3.05	6.00	9.33	5.33
EBIT	0.11	6.51	2.05	8.24	15.28	2.35	-	-	-	-
Depreciation & Amortization	-	3.25	2.11	2.01	1.63	1.61	1.42	1.36	1.38	1.34
Earnings Per Share
Basic EPS	1.00	11.00	5.00	16.00	23.00	3.00	-9.00	7.00	12.00	10.00
Diluted EPS	1.00	11.00	5.00	15.00	23.00	3.00	-9.00	7.00	12.00	10.00
Basic Shares Outstanding	0.40	0.41	0.42	0.45	0.47	0.44	0.44	0.45	0.47	0.52
Diluted Shares Outstanding	0.40	0.41	0.42	0.45	0.47	0.44	0.44	0.45	0.47	0.52

Source: Company financial statements from annual and quarterly filings. Data as of Dec 31, 2026. Data sources and methodology

Frequently Asked Questions About Phillips 66 Financial Statements

What was Phillips 66's revenue in fiscal 2026?

Phillips 66 reported revenue of $32.54B in fiscal 2026 (fiscal year ended Dec 31, 2026). That was down 75.4% from $132.38B a year earlier.

Is Phillips 66 profitable?

Yes. Phillips 66 earned net income of $207.00M in fiscal 2026, a net margin of 0.6%. In fiscal 2025 it earned $4.40B.

What is Phillips 66's operating margin?

Phillips 66's operating income was $106.00M on revenue of $32.54B in fiscal 2026, an operating margin of 0.3%, compared with 2.6% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition