Phillips 66 Key Executives
This section highlights Phillips 66's key executives, including their titles and compensation details.
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Phillips 66 Earnings
This section highlights Phillips 66's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Date:
April 25, 2025
Time:
Before Market
Est. EPS:
$0.54
Status:
Unconfirmed
Last Earnings Results
Date:
January 31, 2025
EPS:
$-0.15
Est. EPS:
$1.23
Revenue:
$33.69B
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-01-31 | $1.23 | $-0.15 |
| Read Transcript | Q3 | 2024 | 2024-10-29 | $1.71 | $2.04 |
| Read Transcript | Q2 | 2024 | 2024-07-30 | $1.98 | $2.31 |
| Read Transcript | Q1 | 2024 | 2024-04-26 | $2.17 | $1.90 |
| Read Transcript | Q4 | 2023 | 2024-01-31 | $2.35 | $3.09 |
| Read Transcript | Q3 | 2023 | 2023-10-27 | $4.76 | $4.63 |
| Read Transcript | Q2 | 2023 | 2023-08-02 | $3.56 | $3.87 |
| Read Transcript | Q1 | 2023 | 2023-05-03 | $3.56 | $4.21 |
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.
Energy
Oil & Gas Refining & Marketing
$97.38
Stock Price
$39.68B
Market Cap
13.20K
Employees
Houston, TX
Location
Financial Statements
Access annual & quarterly financial statements for Phillips 66, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $143.15B | $147.40B | $169.99B | $111.48B | $64.13B |
| Cost of Revenue | $132.32B | $136.25B | $151.56B | $103.71B | $59.10B |
| Gross Profit | $10.83B | $11.15B | $18.43B | $7.77B | $5.03B |
| Gross Profit Ratio | 7.56% | 7.57% | 10.84% | 6.97% | 7.84% |
| Research and Development Expenses | $- | $27.00M | $42.00M | $47.00M | $48.00M |
| General and Administrative Expenses | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $2.81B | $2.52B | $2.17B | $1.74B | $1.54B |
| Other Expenses | $6.27B | $- | $6.64B | $5.56B | $5.03B |
| Operating Expenses | $9.08B | $3.02B | $8.81B | $7.30B | $6.57B |
| Cost and Expenses | $141.41B | $138.99B | $160.37B | $111.01B | $65.67B |
| Interest Income | $158.00M | $269.00M | $82.00M | $11.00M | $14.00M |
| Interest Expense | $947.00M | $926.00M | $642.00M | $605.00M | $521.00M |
| Depreciation and Amortization | $2.36B | $1.98B | $1.65B | $1.63B | $1.42B |
| EBITDA | $5.99B | $12.37B | $16.91B | $3.95B | $-3.05B |
| EBITDA Ratio | 4.18% | 8.39% | 9.95% | 3.54% | -4.75% |
| Operating Income | $1.75B | $8.02B | $12.74B | $3.83B | $-287.00M |
| Operating Income Ratio | 1.22% | 5.44% | 7.50% | 3.43% | -0.45% |
| Total Other Income Expenses Net | $929.00M | $1.45B | $1.89B | $-2.09B | $-3.42B |
| Income Before Tax | $2.67B | $9.47B | $14.64B | $1.74B | $-4.96B |
| Income Before Tax Ratio | 1.87% | 6.42% | 8.61% | 1.56% | -7.74% |
| Income Tax Expense | $500.00M | $2.23B | $3.25B | $146.00M | $-1.25B |
| Net Income | $2.12B | $7.00B | $11.02B | $1.31B | $-3.71B |
| Net Income Ratio | 1.48% | 4.75% | 6.49% | 1.18% | -5.79% |
| EPS | $5.10 | $15.56 | $23.36 | $2.97 | $-8.45 |
| EPS Diluted | $5.08 | $15.45 | $23.27 | $2.97 | $-8.45 |
| Weighted Average Shares Outstanding | 417.31M | 450.14M | 471.50M | 440.03M | 439.53M |
| Weighted Average Shares Outstanding Diluted | 418.80M | 453.21M | 473.73M | 440.36M | 439.53M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $33.69B | $35.53B | $38.10B | $35.81B | $38.27B | $39.64B | $35.09B | $34.40B | $40.28B | $44.95B | $48.58B | $36.18B | $32.60B | $30.24B | $27.00B | $21.63B | $16.41B | $15.93B | $10.91B | $20.88B |
| Cost of Revenue | $31.57B | $32.74B | $36.58B | $32.89B | $35.93B | $34.82B | $31.07B | $29.82B | $35.65B | $39.08B | $43.00B | $33.83B | $29.81B | $27.89B | $25.58B | $20.42B | $15.51B | $14.86B | $9.95B | $18.78B |
| Gross Profit | $2.11B | $2.79B | $1.52B | $2.92B | $2.34B | $4.83B | $4.02B | $4.58B | $4.63B | $5.88B | $5.57B | $2.35B | $2.79B | $2.35B | $1.42B | $1.21B | $901.00M | $1.07B | $962.00M | $2.10B |
| Gross Profit Ratio | 6.27% | 7.86% | 3.99% | 8.16% | 6.11% | 12.17% | 11.47% | 13.31% | 11.50% | 13.08% | 11.47% | 6.48% | 8.56% | 7.78% | 5.26% | 5.58% | 5.49% | 6.70% | 8.82% | 10.04% |
| Research and Development Expenses | $- | $- | $- | $- | $27.00M | $- | $- | $- | $42.00M | $- | $- | $- | $47.00M | $- | $- | $- | $48.00M | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $319.00M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $511.00M | $1.19B | $552.00M | $557.00M | $658.00M | $669.00M | $593.00M | $605.00M | $630.00M | $617.00M | $488.00M | $433.00M | $479.00M | $424.00M | $433.00M | $408.00M | $432.00M | $384.00M | $409.00M | $319.00M |
| Other Expenses | $1.64B | $305.00M | $-49.00M | $97.00M | $-155.00M | $15.00M | $99.00M | $1.78B | $4.00B | $1.75B | $1.55B | $1.49B | $150.00M | $238.00M | $51.00M | $15.00M | $18.00M | $20.00M | $28.00M | $-6.00M |
| Operating Expenses | $2.15B | $1.50B | $601.00M | $2.17B | $813.00M | $2.47B | $2.15B | $2.39B | $4.63B | $2.36B | $2.04B | $1.92B | $1.97B | $1.68B | $1.73B | $1.93B | $1.70B | $1.51B | $1.55B | $1.82B |
| Cost and Expenses | $33.73B | $35.48B | $37.18B | $35.06B | $36.74B | $37.29B | $33.22B | $32.21B | $40.28B | $41.44B | $45.04B | $35.76B | $31.79B | $29.57B | $27.31B | $22.35B | $17.21B | $16.37B | $11.50B | $20.60B |
| Interest Income | $158.00M | $- | $- | $- | $269.00M | $221.00M | $266.00M | $192.00M | $82.00M | $158.00M | $- | $- | $11.00M | $- | $- | $- | $14.00M | $- | $- | $- |
| Interest Expense | $233.00M | $237.00M | $241.00M | $236.00M | $228.00M | $227.00M | $273.00M | $198.00M | $199.00M | $163.00M | $139.00M | $141.00M | $147.00M | $157.00M | $149.00M | $152.00M | $144.00M | $138.00M | $122.00M | $117.00M |
| Depreciation and Amortization | $819.00M | $543.00M | $507.00M | $513.00M | $528.00M | $494.00M | $502.00M | $482.00M | $502.00M | $435.00M | $365.00M | $344.00M | $530.00M | $367.00M | $370.00M | $356.00M | $358.00M | $352.00M | $343.00M | $342.00M |
| EBITDA | $1.04B | $1.19B | $2.05B | $1.70B | $2.51B | $3.53B | $3.01B | $3.33B | $2.63B | $7.75B | $4.60B | $1.31B | $2.30B | $960.00M | $949.00M | $-263.00M | $-189.00M | $-860.00M | $20.00M | $-2.02B |
| EBITDA Ratio | 3.08% | 3.36% | 5.38% | 4.76% | 6.55% | 8.90% | 8.58% | 9.67% | 6.54% | 17.24% | 9.48% | 3.61% | 7.05% | 3.17% | 3.51% | -1.22% | -1.15% | -5.40% | 0.18% | -9.67% |
| Operating Income | $-42.00M | $45.00M | $919.00M | $1.18B | $1.53B | $2.93B | $2.47B | $2.85B | $2.14B | $7.33B | $4.27B | $966.00M | $1.67B | $678.00M | $-307.00M | $-721.00M | $-798.00M | $-438.00M | $-587.00M | $279.00M |
| Operating Income Ratio | -0.12% | 0.13% | 2.41% | 3.29% | 3.99% | 7.39% | 7.05% | 8.28% | 5.32% | 16.29% | 8.79% | 2.67% | 5.13% | 2.24% | -1.14% | -3.33% | -4.86% | -2.75% | -5.38% | 1.34% |
| Total Other Income Expenses Net | $29.00M | $368.00M | $315.00M | $-232.00M | $108.00M | $-422.00M | $371.00M | $-197.00M | $404.00M | $-167.00M | $-162.00M | $-138.00M | $-47.00M | $-230.00M | $743.00M | $-45.00M | $150.00M | $-912.00M | $142.00M | $-2.76B |
| Income Before Tax | $-13.00M | $413.00M | $1.31B | $964.00M | $1.76B | $2.81B | $2.24B | $2.65B | $2.55B | $7.16B | $4.11B | $828.00M | $1.63B | $448.00M | $436.00M | $-771.00M | $-691.00M | $-1.35B | $-445.00M | $-2.48B |
| Income Before Tax Ratio | -0.04% | 1.16% | 3.44% | 2.69% | 4.60% | 7.10% | 6.39% | 7.71% | 6.32% | 15.92% | 8.45% | 2.29% | 4.99% | 1.48% | 1.61% | -3.56% | -4.21% | -8.48% | -4.08% | -11.87% |
| Income Tax Expense | $-38.00M | $44.00M | $291.00M | $203.00M | $476.00M | $670.00M | $510.00M | $574.00M | $535.00M | $1.62B | $924.00M | $171.00M | $256.00M | $-40.00M | $62.00M | $-132.00M | $-197.00M | $-624.00M | $-378.00M | $-51.00M |
| Net Income | $8.00M | $346.00M | $1.01B | $748.00M | $1.26B | $2.10B | $1.70B | $1.96B | $1.88B | $5.39B | $3.17B | $582.00M | $1.27B | $402.00M | $294.00M | $-654.00M | $-539.00M | $-799.00M | $-141.00M | $-2.50B |
| Net Income Ratio | 0.02% | 0.97% | 2.66% | 2.09% | 3.29% | 5.29% | 4.84% | 5.70% | 4.68% | 11.99% | 6.52% | 1.61% | 3.90% | 1.33% | 1.09% | -3.02% | -3.28% | -5.02% | -1.29% | -11.96% |
| EPS | $0.00 | $0.83 | $2.39 | $1.74 | $2.87 | $4.72 | $3.73 | $4.21 | $3.99 | $11.20 | $6.56 | $1.30 | $2.89 | $0.91 | $0.66 | $-1.49 | $-1.23 | $-1.82 | $-0.33 | $-5.66 |
| EPS Diluted | $0.00 | $0.83 | $2.38 | $1.73 | $2.85 | $4.69 | $3.72 | $4.20 | $3.97 | $11.16 | $6.53 | $1.29 | $2.88 | $0.91 | $0.66 | $-1.49 | $-1.23 | $-1.82 | $-0.32 | $-5.66 |
| Weighted Average Shares Outstanding | 417.31M | 417.31M | 422.87M | 428.96M | 437.37M | 444.28M | 454.45M | 464.81M | 471.86M | 481.39M | 483.09M | 449.30M | 440.47M | 440.19M | 439.94M | 439.50M | 439.11M | 438.92M | 433.33M | 441.34M |
| Weighted Average Shares Outstanding Diluted | 418.80M | 418.80M | 425.73M | 431.91M | 440.57M | 447.26M | 456.17M | 467.03M | 474.33M | 483.04M | 485.04M | 450.01M | 441.58M | 440.37M | 440.40M | 439.50M | 439.12M | 438.92M | 438.76M | 441.35M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.74B | $3.32B | $6.13B | $3.15B | $2.51B |
| Short Term Investments | $- | $- | $329.00M | $- | $- |
| Cash and Short Term Investments | $1.74B | $3.32B | $6.13B | $3.15B | $2.51B |
| Net Receivables | $9.54B | $11.73B | $10.98B | $7.47B | $6.52B |
| Inventory | $4.00B | $3.75B | $3.28B | $3.39B | $3.89B |
| Other Current Assets | $2.63B | $1.14B | $3.06B | $1.37B | $694.00M |
| Total Current Assets | $17.91B | $19.94B | $21.92B | $14.70B | $13.28B |
| Property Plant Equipment Net | $35.26B | $35.71B | $35.16B | $22.43B | $23.72B |
| Goodwill | $1.57B | $1.55B | $1.49B | $1.48B | $1.43B |
| Intangible Assets | $1.16B | $920.00M | $831.00M | $813.00M | $843.00M |
| Goodwill and Intangible Assets | $2.74B | $2.47B | $2.32B | $2.30B | $2.27B |
| Long Term Investments | $14.38B | $14.92B | $14.62B | $13.51B | $13.18B |
| Tax Assets | $- | $- | $6.67B | $959.00M | $442.00M |
| Other Non-Current Assets | $2.29B | $2.46B | $-4.25B | $1.69B | $1.84B |
| Total Non-Current Assets | $54.67B | $55.56B | $54.52B | $40.90B | $41.45B |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $72.58B | $75.50B | $76.44B | $55.59B | $54.72B |
| Account Payables | $8.73B | $10.90B | $11.32B | $8.46B | $5.55B |
| Short Term Debt | $1.83B | $1.46B | $529.00M | $1.52B | $1.00B |
| Tax Payables | $1.06B | $1.20B | $1.40B | $1.25B | $1.35B |
| Deferred Revenue | $- | $- | $1.40B | $1.25B | $1.35B |
| Other Current Liabilities | $3.46B | $2.30B | $2.64B | $1.56B | $1.61B |
| Total Current Liabilities | $15.09B | $15.86B | $15.89B | $12.80B | $9.52B |
| Long Term Debt | $18.23B | $17.88B | $17.64B | $13.22B | $15.15B |
| Deferred Revenue Non-Current | $- | $- | $- | $1.78B | $2.00B |
| Deferred Tax Liabilities Non-Current | $7.10B | $7.42B | $6.67B | $5.47B | $5.64B |
| Other Non-Current Liabilities | $3.70B | $2.69B | $2.14B | $2.46B | $2.88B |
| Total Non-Current Liabilities | $29.03B | $28.00B | $26.45B | $21.16B | $23.68B |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $44.12B | $43.85B | $42.34B | $33.96B | $33.20B |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $- | $7.00M | $7.00M | $7.00M | $6.00M |
| Retained Earnings | $30.77B | $30.55B | $25.43B | $16.22B | $16.50B |
| Accumulated Other Comprehensive Income Loss | $-407.00M | $-282.00M | $-460.00M | $-445.00M | $-789.00M |
| Other Total Stockholders Equity | $-2.96B | $308.00M | $4.51B | $3.39B | $3.27B |
| Total Stockholders Equity | $27.41B | $30.58B | $29.49B | $19.17B | $18.98B |
| Total Equity | $28.46B | $31.65B | $34.11B | $21.64B | $21.52B |
| Total Liabilities and Stockholders Equity | $72.58B | $75.50B | $76.44B | $55.59B | $54.72B |
| Minority Interest | $1.05B | $1.07B | $4.61B | $2.47B | $2.54B |
| Total Liabilities and Total Equity | $72.58B | $75.50B | $76.44B | $55.59B | $54.72B |
| Total Investments | $14.38B | $14.92B | $14.95B | $13.51B | $13.18B |
| Total Debt | $20.06B | $19.36B | $17.19B | $14.45B | $15.89B |
| Net Debt | $18.32B | $16.04B | $11.06B | $11.30B | $13.38B |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.74B | $1.64B | $2.44B | $1.57B | $3.32B | $3.54B | $3.03B | $6.96B | $6.13B | $3.74B | $2.81B | $3.33B | $3.15B | $2.90B | $2.21B | $1.35B | $2.51B | $1.46B | $1.89B | $1.22B |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $1.74B | $1.64B | $2.44B | $1.57B | $3.32B | $3.54B | $3.03B | $6.96B | $6.13B | $3.74B | $2.81B | $3.33B | $3.15B | $2.90B | $2.21B | $1.35B | $2.51B | $1.46B | $1.89B | $1.22B |
| Net Receivables | $11.03B | $10.44B | $10.89B | $11.53B | $11.73B | $11.98B | $9.46B | $9.33B | $10.98B | $13.65B | $13.39B | $10.46B | $7.47B | $8.01B | $8.06B | $8.16B | $6.52B | $5.96B | $4.85B | $4.56B |
| Inventory | $4.00B | $6.04B | $6.52B | $6.29B | $3.75B | $5.73B | $6.38B | $5.45B | $3.28B | $4.29B | $4.58B | $4.53B | $3.39B | $4.40B | $4.75B | $4.27B | $3.89B | $4.90B | $5.14B | $5.33B |
| Other Current Assets | $1.14B | $1.19B | $1.06B | $1.32B | $1.14B | $1.25B | $1.03B | $934.00M | $1.53B | $3.16B | $3.42B | $3.07B | $1.37B | $1.43B | $1.52B | $1.26B | $694.00M | $1.00B | $1.24B | $1.19B |
| Total Current Assets | $17.91B | $19.31B | $20.92B | $20.70B | $19.94B | $22.50B | $19.90B | $22.67B | $21.92B | $23.27B | $22.49B | $19.85B | $14.70B | $16.02B | $15.78B | $14.42B | $13.28B | $12.82B | $12.50B | $11.71B |
| Property Plant Equipment Net | $35.26B | $35.60B | $35.23B | $35.55B | $35.71B | $35.53B | $35.23B | $35.11B | $35.16B | $34.96B | $22.23B | $22.33B | $22.43B | $22.38B | $23.69B | $23.68B | $23.72B | $23.49B | $24.28B | $24.05B |
| Goodwill | $1.57B | $1.57B | $1.55B | $1.55B | $1.55B | $1.55B | $1.49B | $1.49B | $1.49B | $1.49B | $1.49B | $1.48B | $1.48B | $1.43B | $1.43B | $1.43B | $1.43B | $1.43B | $1.43B | $1.43B |
| Intangible Assets | $1.16B | $1.16B | $901.00M | $911.00M | $920.00M | $926.00M | $786.00M | $793.00M | $831.00M | $845.00M | $812.00M | $819.00M | $813.00M | $822.00M | $825.00M | $836.00M | $843.00M | $849.00M | $874.00M | $880.00M |
| Goodwill and Intangible Assets | $2.74B | $2.73B | $2.45B | $2.46B | $2.47B | $2.48B | $2.27B | $2.28B | $2.32B | $2.33B | $2.30B | $2.30B | $2.30B | $2.25B | $2.25B | $2.26B | $2.27B | $2.27B | $2.30B | $2.31B |
| Long Term Investments | $14.20B | $15.22B | $15.20B | $15.59B | $14.92B | $15.32B | $15.53B | $15.29B | $14.62B | $14.77B | $14.18B | $14.46B | $13.51B | $14.06B | $13.52B | $13.38B | $13.18B | $13.77B | $13.63B | $13.63B |
| Tax Assets | $- | $- | $7.22B | $7.37B | $7.42B | $7.23B | $6.82B | $6.81B | $- | $6.34B | $5.44B | $5.26B | $5.47B | $5.43B | $5.88B | $5.55B | $5.64B | $5.51B | $5.47B | $5.49B |
| Other Non-Current Assets | $2.47B | $2.22B | $-5.08B | $-5.28B | $-4.97B | $-5.27B | $-4.87B | $-4.90B | $2.42B | $-4.33B | $-3.83B | $-3.58B | $-2.82B | $-3.73B | $-4.14B | $-3.78B | $-3.37B | $-3.58B | $-3.66B | $-3.72B |
| Total Non-Current Assets | $54.67B | $55.77B | $55.03B | $55.70B | $55.56B | $55.29B | $54.99B | $54.59B | $54.52B | $54.07B | $40.32B | $40.78B | $40.90B | $40.39B | $41.20B | $41.08B | $41.45B | $41.46B | $42.02B | $41.76B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $72.58B | $75.08B | $75.94B | $76.40B | $75.50B | $77.79B | $74.89B | $77.26B | $76.44B | $77.34B | $62.81B | $60.64B | $55.59B | $56.41B | $56.98B | $55.50B | $54.72B | $54.28B | $54.52B | $53.46B |
| Account Payables | $10.30B | $10.91B | $12.32B | $12.47B | $10.90B | $12.71B | $10.44B | $10.57B | $11.32B | $12.32B | $13.65B | $13.18B | $8.46B | $9.21B | $8.95B | $8.25B | $5.55B | $5.46B | $5.37B | $5.32B |
| Short Term Debt | $1.83B | $1.52B | $2.78B | $2.33B | $1.48B | $913.00M | $832.00M | $825.00M | $-4.16B | $1.03B | $526.00M | $1.47B | $1.52B | $1.49B | $2.49B | $516.00M | $1.00B | $1.86B | $1.78B | $2.24B |
| Tax Payables | $1.06B | $1.21B | $1.37B | $1.09B | $1.20B | $1.34B | $1.18B | $1.39B | $1.40B | $1.84B | $1.72B | $1.36B | $1.25B | $1.29B | $1.36B | $1.15B | $1.35B | $1.23B | $1.05B | $703.00M |
| Deferred Revenue | $- | $- | $1.37B | $1.09B | $1.20B | $1.34B | $1.18B | $- | $1.40B | $1.84B | $1.72B | $1.36B | $1.25B | $1.29B | $1.36B | $1.15B | $1.35B | $1.23B | $1.05B | $703.00M |
| Other Current Liabilities | $1.89B | $2.29B | $1.80B | $1.78B | $2.27B | $2.45B | $2.52B | $1.92B | $1.27B | $2.70B | $1.71B | $1.58B | $1.56B | $1.93B | $1.75B | $1.52B | $1.61B | $1.97B | $1.83B | $2.26B |
| Total Current Liabilities | $15.09B | $15.92B | $18.27B | $17.67B | $15.86B | $17.42B | $14.97B | $14.71B | $15.89B | $17.88B | $17.61B | $17.60B | $12.80B | $13.92B | $14.55B | $11.43B | $9.52B | $10.51B | $10.02B | $10.53B |
| Long Term Debt | $18.23B | $18.48B | $17.18B | $16.30B | $18.67B | $18.53B | $19.03B | $17.66B | $16.66B | $16.62B | $12.44B | $12.96B | $13.22B | $13.42B | $12.92B | $14.91B | $15.15B | $12.67B | $12.66B | $10.72B |
| Deferred Revenue Non-Current | $- | $- | $- | $1.53B | $12.00M | $1.45B | $1.80B | $- | $- | $- | $- | $- | $1.78B | $1.80B | $1.84B | $2.03B | $2.00B | $2.04B | $1.99B | $1.64B |
| Deferred Tax Liabilities Non-Current | $7.10B | $7.26B | $7.22B | $7.37B | $7.42B | $7.23B | $6.82B | $6.81B | $6.67B | $6.34B | $5.44B | $5.26B | $5.47B | $5.43B | $5.88B | $5.55B | $5.64B | $5.51B | $5.47B | $5.49B |
| Other Non-Current Liabilities | $3.70B | $3.64B | $2.76B | $1.21B | $1.90B | $2.62B | $3.00B | $3.17B | $3.12B | $3.18B | $2.74B | $2.69B | $2.46B | $3.03B | $3.02B | $3.15B | $2.88B | $3.29B | $3.07B | $3.08B |
| Total Non-Current Liabilities | $29.03B | $29.37B | $27.17B | $27.94B | $28.00B | $28.38B | $28.86B | $27.64B | $26.45B | $26.15B | $20.63B | $20.91B | $21.16B | $21.89B | $21.82B | $23.61B | $23.68B | $21.46B | $21.20B | $19.29B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $44.12B | $45.30B | $45.44B | $45.61B | $43.85B | $45.80B | $43.83B | $42.35B | $42.34B | $44.03B | $38.24B | $38.52B | $33.96B | $35.81B | $36.38B | $35.04B | $33.20B | $31.98B | $31.22B | $29.82B |
| Preferred Stock | $- | $- | $1.04B | $- | $1.06B | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $7.00M | $7.00M | $7.00M | $7.00M | $7.00M | $7.00M | $7.00M | $7.00M | $7.00M | $7.00M | $7.00M | $7.00M | $7.00M | $6.00M | $6.00M | $6.00M | $6.00M | $6.00M | $6.00M | $6.00M |
| Retained Earnings | $30.77B | $31.24B | $31.37B | $30.85B | $30.55B | $29.75B | $28.12B | $26.90B | $25.43B | $24.01B | $19.09B | $16.39B | $16.22B | $15.35B | $15.35B | $15.45B | $16.50B | $17.44B | $18.63B | $19.17B |
| Accumulated Other Comprehensive Income Loss | $-407.00M | $-141.00M | $-309.00M | $-312.00M | $-282.00M | $-385.00M | $-272.00M | $-373.00M | $-460.00M | $-994.00M | $-733.00M | $-514.00M | $-445.00M | $-589.00M | $-549.00M | $-780.00M | $-789.00M | $-967.00M | $-1.15B | $-991.00M |
| Other Total Stockholders Equity | $-2.96B | $-2.38B | $-1.61B | $-815.00M | $308.00M | $1.45B | $2.04B | $3.71B | $4.51B | $5.21B | $5.92B | $5.93B | $3.39B | $3.37B | $3.35B | $3.30B | $3.27B | $3.25B | $3.23B | $3.19B |
| Total Stockholders Equity | $27.41B | $28.72B | $29.45B | $29.73B | $31.65B | $30.82B | $29.90B | $30.25B | $29.49B | $28.23B | $24.28B | $21.82B | $19.17B | $18.14B | $18.15B | $17.98B | $18.98B | $19.72B | $20.71B | $21.37B |
| Total Equity | $28.46B | $29.78B | $30.51B | $30.79B | $32.72B | $31.99B | $31.06B | $34.92B | $34.11B | $33.31B | $24.57B | $22.12B | $21.64B | $20.60B | $20.60B | $20.46B | $21.52B | $22.30B | $23.30B | $23.64B |
| Total Liabilities and Stockholders Equity | $72.58B | $75.08B | $75.94B | $76.40B | $75.50B | $77.79B | $74.89B | $77.26B | $76.44B | $77.34B | $62.81B | $60.64B | $55.59B | $56.41B | $56.98B | $55.50B | $54.72B | $54.28B | $54.52B | $53.46B |
| Minority Interest | $1.05B | $1.06B | $1.05B | $1.07B | $1.07B | $1.17B | $1.16B | $4.67B | $4.61B | $5.08B | $297.00M | $306.00M | $2.47B | $2.46B | $2.45B | $2.48B | $2.54B | $2.58B | $2.58B | $2.27B |
| Total Liabilities and Total Equity | $72.58B | $75.08B | $75.94B | $76.40B | $75.50B | $77.79B | $74.89B | $77.26B | $76.44B | $77.34B | $62.81B | $60.64B | $55.59B | $56.41B | $56.98B | $55.50B | $54.72B | $54.28B | $54.52B | $53.46B |
| Total Investments | $14.20B | $15.22B | $15.20B | $15.59B | $14.92B | $15.32B | $15.53B | $15.29B | $14.62B | $14.77B | $14.18B | $14.46B | $13.51B | $14.06B | $13.52B | $13.38B | $13.18B | $13.77B | $13.63B | $13.63B |
| Total Debt | $20.06B | $20.00B | $19.96B | $20.15B | $19.36B | $19.44B | $19.87B | $18.48B | $17.19B | $17.66B | $12.97B | $14.43B | $14.45B | $14.91B | $15.41B | $15.42B | $15.89B | $14.53B | $14.45B | $12.96B |
| Net Debt | $18.32B | $18.36B | $17.52B | $18.58B | $16.04B | $15.90B | $16.84B | $11.52B | $11.06B | $13.91B | $10.16B | $11.10B | $11.30B | $12.01B | $13.21B | $14.07B | $13.38B | $13.06B | $12.56B | $11.74B |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $2.17B | $7.01B | $11.39B | $1.59B | $-3.71B |
| Depreciation and Amortization | $2.36B | $1.98B | $1.63B | $1.60B | $1.40B |
| Deferred Income Tax | $-251.00M | $840.00M | $1.32B | $-272.00M | $126.00M |
| Stock Based Compensation | $- | $- | $210.00M | $144.00M | $127.00M |
| Change in Working Capital | $-615.00M | $-1.81B | $68.00M | $2.12B | $-326.00M |
| Accounts Receivables | $574.00M | $-696.00M | $-2.07B | $-922.00M | $2.02B |
| Inventory | $- | $-245.00M | $74.00M | $511.00M | $-71.00M |
| Accounts Payables | $-491.00M | $-480.00M | $1.74B | $2.92B | $-2.89B |
| Other Working Capital | $-698.00M | $-394.00M | $331.00M | $-395.00M | $609.00M |
| Other Non Cash Items | $519.00M | $-988.00M | $-3.81B | $-27.00M | $152.00M |
| Net Cash Provided by Operating Activities | $4.19B | $7.03B | $10.81B | $6.02B | $2.11B |
| Investments in Property Plant and Equipment | $-1.86B | $-2.42B | $-2.19B | $-1.86B | $-2.92B |
| Acquisitions Net | $-484.00M | $201.00M | $125.00M | $267.00M | $192.00M |
| Purchases of Investments | $- | $- | $-75.00M | $-310.00M | $-192.00M |
| Sales Maturities of Investments | $- | $- | $787.00M | $269.00M | $192.00M |
| Other Investing Activities | $-120.00M | $-3.64B | $-131.00M | $-238.00M | $-351.00M |
| Net Cash Used for Investing Activities | $-2.46B | $-5.86B | $-1.49B | $-1.87B | $-3.08B |
| Debt Repayment | $2.13B | $2.01B | $-2.43B | $-1.51B | $4.13B |
| Common Stock Issued | $- | $123.00M | $103.00M | $26.00M | $10.00M |
| Common Stock Repurchased | $-3.45B | $-4.01B | $-1.51B | $- | $-443.00M |
| Dividends Paid | $-1.88B | $-1.88B | $-1.79B | $-1.58B | $-1.57B |
| Other Financing Activities | $-190.00M | $-260.00M | $-755.00M | $-400.00M | $-328.00M |
| Net Cash Used Provided by Financing Activities | $-3.31B | $-4.03B | $-6.39B | $-3.47B | $1.79B |
| Effect of Forex Changes on Cash | $-8.00M | $43.00M | $49.00M | $-42.00M | $77.00M |
| Net Change in Cash | $-1.58B | $-2.81B | $2.99B | $633.00M | $900.00M |
| Cash at End of Period | $1.74B | $3.32B | $6.13B | $3.15B | $2.51B |
| Cash at Beginning of Period | $3.32B | $6.13B | $3.15B | $2.51B | $1.61B |
| Operating Cash Flow | $4.19B | $7.03B | $10.81B | $6.02B | $2.11B |
| Capital Expenditure | $-1.86B | $-2.42B | $-2.19B | $-1.86B | $-2.92B |
| Free Cash Flow | $2.33B | $4.61B | $8.62B | $4.16B | $-809.00M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $25.00M | $369.00M | $1.01B | $761.00M | $1.26B | $2.14B | $1.73B | $2.08B | $2.01B | $5.54B | $3.18B | $657.00M | $1.37B | $488.00M | $374.00M | $-639.00M | $-494.00M | $-726.00M | $-67.00M | $-2.43B |
| Depreciation and Amortization | $819.00M | $543.00M | $507.00M | $504.00M | $528.00M | $488.00M | $495.00M | $476.00M | $502.00M | $430.00M | $359.00M | $338.00M | $524.00M | $361.00M | $364.00M | $356.00M | $358.00M | $352.00M | $343.00M | $342.00M |
| Deferred Income Tax | $-164.00M | $113.00M | $-145.00M | $-55.00M | $167.00M | $408.00M | $119.00M | $146.00M | $174.00M | $856.00M | $148.00M | $142.00M | $18.00M | $-453.00M | $266.00M | $-103.00M | $124.00M | $23.00M | $26.00M | $-47.00M |
| Stock Based Compensation | $- | $- | $- | $- | $297.00M | $- | $- | $- | $- | $- | $- | $- | $144.00M | $- | $- | $- | $127.00M | $- | $- | $- |
| Change in Working Capital | $297.00M | $-381.00M | $916.00M | $-1.45B | $207.00M | $286.00M | $-1.04B | $-1.26B | $2.11B | $-101.00M | $-1.82B | $-115.00M | $412.00M | $776.00M | $833.00M | $98.00M | $403.00M | $-304.00M | $94.00M | $-519.00M |
| Accounts Receivables | $-788.00M | $427.00M | $736.00M | $199.00M | $329.00M | $-2.57B | $-115.00M | $1.66B | $2.36B | $1.20B | $-2.59B | $-3.04B | $543.00M | $53.00M | $222.00M | $-1.74B | $-661.00M | $-1.13B | $-86.00M | $3.90B |
| Inventory | $2.02B | $499.00M | $-245.00M | $-2.56B | $2.02B | $677.00M | $-936.00M | $-2.00B | $1.04B | $295.00M | $-113.00M | $-1.15B | $1.01B | $326.00M | $-444.00M | $-377.00M | $1.06B | $282.00M | $204.00M | $-1.62B |
| Accounts Payables | $-593.00M | $-1.46B | $-120.00M | $1.68B | $-1.82B | $2.27B | $-184.00M | $-739.00M | $-920.00M | $-2.63B | $476.00M | $4.81B | $-798.00M | $241.00M | $703.00M | $2.78B | $98.00M | $136.00M | $118.00M | $-3.24B |
| Other Working Capital | $-345.00M | $149.00M | $545.00M | $-769.00M | $-315.00M | $-85.00M | $190.00M | $-184.00M | $-372.00M | $1.03B | $404.00M | $-3.77B | $204.00M | $209.00M | $574.00M | $-2.30B | $-758.00M | $-722.00M | $-228.00M | $4.34B |
| Other Non Cash Items | $221.00M | $488.00M | $450.00M | $20.00M | $1.08B | $-348.00M | $-108.00M | $-237.00M | $-47.00M | $-3.58B | $-81.00M | $46.00M | $-525.00M | $1.03B | $-94.00M | $559.00M | $248.00M | $1.15B | $368.00M | $2.87B |
| Net Cash Provided by Operating Activities | $1.20B | $1.13B | $2.10B | $-236.00M | $2.19B | $2.69B | $955.00M | $1.20B | $4.75B | $3.14B | $1.78B | $1.14B | $1.80B | $2.20B | $1.74B | $271.00M | $639.00M | $491.00M | $764.00M | $217.00M |
| Investments in Property Plant and Equipment | $-506.00M | $- | $-367.00M | $-628.00M | $-634.00M | $-855.00M | $-551.00M | $-378.00M | $-713.00M | $-735.00M | $-376.00M | $-370.00M | $-597.00M | $-552.00M | $-380.00M | $-331.00M | $-506.00M | $-552.00M | $-939.00M | $-923.00M |
| Acquisitions Net | $-39.00M | $-512.00M | $685.00M | $41.00M | $-88.00M | $40.00M | $59.00M | $60.00M | $47.00M | $30.00M | $33.00M | $15.00M | $31.00M | $78.00M | $100.00M | $58.00M | $53.00M | $51.00M | $50.00M | $38.00M |
| Purchases of Investments | $- | $- | $- | $- | $- | $-40.00M | $-59.00M | $-60.00M | $- | $-30.00M | $-33.00M | $- | $-310.00M | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $26.00M | $41.00M | $45.00M | $40.00M | $59.00M | $60.00M | $- | $30.00M | $33.00M | $15.00M | $33.00M | $78.00M | $100.00M | $- | $- | $- | $- | $- |
| Other Investing Activities | $200.00M | $-1.27B | $-17.00M | $-78.00M | $-41.00M | $330.00M | $60.00M | $53.00M | $434.00M | $168.00M | $52.00M | $-73.00M | $-588.00M | $-574.00M | $-452.00M | $-525.00M | $-566.00M | $-593.00M | $-1.20B | $-915.00M |
| Net Cash Used for Investing Activities | $-345.00M | $-1.78B | $327.00M | $-665.00M | $-718.00M | $-485.00M | $-432.00M | $-265.00M | $-232.00M | $-537.00M | $-291.00M | $-428.00M | $-557.00M | $-496.00M | $-352.00M | $-467.00M | $-513.00M | $-542.00M | $-1.15B | $-877.00M |
| Debt Repayment | $423.00M | $1.11B | $-203.00M | $802.00M | $-92.00M | $-488.00M | $1.32B | $1.26B | $-473.00M | $-476.00M | $-1.46B | $-24.00M | $-476.00M | $-521.00M | $-39.00M | $-475.00M | $1.37B | $70.00M | $1.50B | $1.19B |
| Common Stock Issued | $4.00M | $18.00M | $14.00M | $50.00M | $20.00M | $91.00M | $2.00M | $10.00M | $36.00M | $- | $44.00M | $23.00M | $2.00M | $- | $4.00M | $20.00M | $2.00M | $- | $- | $6.00M |
| Common Stock Repurchased | $-647.00M | $-800.00M | $-840.00M | $-1.16B | $-1.15B | $-752.00M | $-1.31B | $-800.00M | $-753.00M | $-694.00M | $-66.00M | $- | $- | $- | $- | $- | $- | $- | $- | $-443.00M |
| Dividends Paid | $-472.00M | $-477.00M | $-485.00M | $-448.00M | $-457.00M | $-465.00M | $-474.00M | $-486.00M | $-456.00M | $-466.00M | $-467.00M | $-404.00M | $-403.00M | $-394.00M | $-394.00M | $-394.00M | $-393.00M | $-393.00M | $-393.00M | $-396.00M |
| Other Financing Activities | $-32.00M | $-43.00M | $-29.00M | $-86.00M | $-33.00M | $-43.00M | $-4.04B | $-106.00M | $-596.00M | $-21.00M | $-31.00M | $-107.00M | $-101.00M | $-90.00M | $-113.00M | $-96.00M | $-105.00M | $-81.00M | $-57.00M | $-83.00M |
| Net Cash Used Provided by Financing Activities | $-724.00M | $-192.00M | $-1.54B | $-846.00M | $-1.72B | $-1.66B | $-4.49B | $-117.00M | $-2.24B | $-1.66B | $-1.98B | $-512.00M | $-978.00M | $-1.00B | $-542.00M | $-945.00M | $872.00M | $-404.00M | $1.05B | $276.00M |
| Effect of Forex Changes on Cash | $-28.00M | $33.00M | $-7.00M | $-6.00M | $27.00M | $-33.00M | $34.00M | $15.00M | $113.00M | $-15.00M | $-41.00M | $-8.00M | $-15.00M | $-12.00M | $7.00M | $-22.00M | $54.00M | $27.00M | $5.00M | $-9.00M |
| Net Change in Cash | $101.00M | $-807.00M | $874.00M | $-1.75B | $-216.00M | $510.00M | $-3.94B | $832.00M | $2.39B | $935.00M | $-526.00M | $188.00M | $250.00M | $690.00M | $856.00M | $-1.16B | $1.05B | $-428.00M | $669.00M | $-393.00M |
| Cash at End of Period | $1.74B | $1.64B | $2.44B | $1.57B | $3.32B | $3.54B | $3.03B | $6.96B | $6.13B | $3.74B | $2.81B | $3.33B | $3.15B | $2.90B | $2.21B | $1.35B | $2.51B | $1.46B | $1.89B | $1.22B |
| Cash at Beginning of Period | $1.64B | $2.44B | $1.57B | $3.32B | $3.54B | $3.03B | $6.96B | $6.13B | $3.74B | $2.81B | $3.33B | $3.15B | $2.90B | $2.21B | $1.35B | $2.51B | $1.46B | $1.89B | $1.22B | $1.61B |
| Operating Cash Flow | $1.20B | $1.13B | $2.10B | $-236.00M | $2.19B | $2.69B | $955.00M | $1.20B | $4.75B | $3.14B | $1.78B | $1.14B | $1.80B | $2.20B | $1.74B | $271.00M | $639.00M | $491.00M | $764.00M | $217.00M |
| Capital Expenditure | $-506.00M | $-358.00M | $-367.00M | $-628.00M | $-634.00M | $-855.00M | $-551.00M | $-378.00M | $-713.00M | $-735.00M | $-376.00M | $-370.00M | $-597.00M | $-552.00M | $-380.00M | $-331.00M | $-506.00M | $-552.00M | $-939.00M | $-923.00M |
| Free Cash Flow | $692.00M | $774.00M | $1.73B | $-864.00M | $1.56B | $1.83B | $404.00M | $821.00M | $4.04B | $2.41B | $1.41B | $766.00M | $1.20B | $1.65B | $1.36B | $-60.00M | $133.00M | $-61.00M | $-175.00M | $-706.00M |
Phillips 66 Dividends
Explore Phillips 66's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
3.96%
Dividend Payout Ratio
88.90%
Dividend Paid & Capex Coverage Ratio
1.12x
Phillips 66 Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $1.15 | $1.15 | February 24, 2025 | February 24, 2025 | March 05, 2025 | February 12, 2025 |
| $1.15 | $1.15 | November 18, 2024 | November 18, 2024 | December 02, 2024 | October 11, 2024 |
| $1.15 | $1.15 | August 20, 2024 | August 20, 2024 | September 03, 2024 | July 10, 2024 |
| $1.15 | $1.15 | May 17, 2024 | May 20, 2024 | June 03, 2024 | April 03, 2024 |
| $1.05 | $1.05 | February 16, 2024 | February 20, 2024 | March 01, 2024 | February 07, 2024 |
| $1.05 | $1.05 | November 16, 2023 | November 17, 2023 | December 01, 2023 | October 06, 2023 |
| $1.05 | $1.05 | August 17, 2023 | August 18, 2023 | September 01, 2023 | July 12, 2023 |
| $1.05 | $1.05 | May 19, 2023 | May 22, 2023 | June 01, 2023 | May 10, 2023 |
| $1.05 | $1.05 | February 17, 2023 | February 21, 2023 | March 01, 2023 | February 08, 2023 |
| $0.97 | $0.97 | November 16, 2022 | November 17, 2022 | December 01, 2022 | October 07, 2022 |
| $0.97 | $0.97 | August 17, 2022 | August 18, 2022 | September 01, 2022 | July 12, 2022 |
| $0.97 | $0.97 | May 20, 2022 | May 23, 2022 | June 01, 2022 | May 11, 2022 |
| $0.92 | $0.92 | February 18, 2022 | February 22, 2022 | March 01, 2022 | February 09, 2022 |
| $0.92 | $0.92 | November 16, 2021 | November 17, 2021 | December 01, 2021 | October 08, 2021 |
| $0.9 | $0.88 | August 17, 2021 | August 18, 2021 | September 01, 2021 | July 14, 2021 |
| $0.9 | $0.88 | May 21, 2021 | May 24, 2021 | June 01, 2021 | May 12, 2021 |
| $0.9 | $0.88 | February 19, 2021 | February 22, 2021 | March 01, 2021 | February 10, 2021 |
| $0.9 | $0.9 | November 16, 2020 | November 17, 2020 | December 01, 2020 | October 09, 2020 |
| $0.9 | $0.9 | August 17, 2020 | August 18, 2020 | September 01, 2020 | July 08, 2020 |
| $0.9 | $0.9 | May 15, 2020 | May 18, 2020 | June 01, 2020 | May 06, 2020 |
Phillips 66 News
Read the latest news about Phillips 66, including recent articles, headlines, and updates.
Veteran Energy Executive Gregory Goff Backs Elliott's Plan to Unlock Value at Phillips 66
Elliott Welcomes Support from Former Andeavor CEO Gregory Goff as It Seeks Strategic, Operational and Governance Improvements at Phillips 66 Learn More at Streamline66.com WEST PALM BEACH, Fla. , April 9, 2025 /PRNewswire/ -- Elliott Investment Management L.P.
Energy Industry Veteran Gregory J. Goff Releases Letter to Fellow Phillips 66 Shareholders
Breakdown in board governance enabled the pursuit of a strategy that has not delivered for shareholders Goff supports Elliott's engagement with Phillips 66 to maximize long-term value for all shareholders Elliott's nominees will provide an infusion of independence and expertise in the Phillips 66 boardroom and ensure management is held to account SAN ANTONIO, April 09, 2025 (GLOBE NEWSWIRE) -- Gregory J. Goff, a 40-year energy industry veteran and shareholder of Phillips 66 (NYSE: PSX), today released the following letter to his fellow Phillips 66 shareholders: Dear Fellow Phillips 66 Shareholders, I have made a $10 million investment in Phillips 66 because I am confident that with the right leadership, operating priorities and strategic focus, Phillips 66 can be a much stronger company — offering greater opportunities to its employees and significantly more value to its shareholders.
Elliott Launches "Streamline 66" Podcast Featuring 1:1 Conversations with Its Best-in-Class Director Nominees
First Episode with Brian Coffman, Former CEO of Motiva, Features Refining Discussion Based on Over 40-Years of Industry Expertise Program Accessible on Apple, Spotify, YouTube and More Visit Streamline66.com to Learn About Elliott's Campaign at Phillips 66 and Subscribe to the New Podcast WEST PALM BEACH, Fla. , April 8, 2025 /PRNewswire/ -- Elliott Investment Management L.P.
Elliott Sends Letter to Shareholders and Mails Definitive Proxy Materials Outlining Why Board Change is Needed at Phillips 66
Highlights Plan to Improve Performance, Strengthen Accountability and Increase Shareholder Value Identifies Slate of Four Highly Qualified Independent Director Candidates with Decades of Experience in Refining, Midstream Operations and Corporate Governance More Information at Streamline66.com WEST PALM BEACH, Fla. , April 3, 2025 /PRNewswire/ -- Elliott Investment Management L.P.
Phillips 66: Refining Crack Spreads Have Recovered And Chemical Margins Are Not Far Behind
The recovery in the refining sector is under way after the first closure of 2025 and unexpected downtime at competitor PBF's Martinez refinery. Closure announcements in the European petrochemical industry are occurring at a rapid rate as companies exit the structurally disadvantaged market. Phillips 66's chemicals business is positioned to benefit through margin expansion and increased market share following the industry decline in Europe.
Elliott Management Applies Pressure With Phillips 66 Board Fight
Phillips 66 has underperformed compared to peers, with chronic issues in its Refining Segment and large investments in underperforming global pet-chem plants. Earlier this month, activist investor Elliott Management nominated seven directors to PSX's board and is lobbying to spin-off PSX's Midstream Segment to unlock shareholder value. PSX's Midstream Segment has shown strong growth and is its most consistent well-performing segment, enabling robust dividend growth since going public.
Elliott sues Phillips 66 to order nomination of four board members
Elliott Investment Management said on Tuesday it had filed a lawsuit in the Court of Chancery of the State of Delaware against refiner Phillips 66 and its Board of Directors, seeking an order that would require four board seats to be up for election at Phillips' 2025 Annual Meeting of Shareholders.
Elliott Takes Legal Action to Protect the Rights of Phillips 66 Stockholders
Seeks an Order Requiring That Four Board Seats Be Up for Election at Phillips' 2025 Annual Meeting Asserts Company Has Demonstrated a Pattern of Gamesmanship and Poor Corporate Governance Requests Expedited Proceedings in Delaware Chancery Court WEST PALM BEACH, Fla. , March 25, 2025 /PRNewswire/ -- Elliott Investment Management L.P.
Phillips 66 (PSX) Piper Sandler 25th Annual Energy Conference (Transcript)
Phillips 66 (NYSE:PSX ) Piper Sandler 25th Annual Energy Conference March 18, 2025 1:50 PM ET Company Participants Mark Lashier - Chairman & CEO Conference Call Participants Ryan Todd - Piper Sandler Ryan Todd Alright. Everybody, we're going to continue on with the program.
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