Phillips 66 (PSX) — Financial statements
Income statement, balance sheet, and cash flow for Phillips 66 — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 132,189↓7.6% | 143,118↓2.8% | 147,262↓13.4% | 170,118↑52.0% | 111,944 | |
| Cost of Revenue | 125,703↓9.1% | 138,255↑1.7% | 135,977↓13.6% | 157,347↑44.9% | 108,565 | |
| Gross Profit | 6,486↑33.4% | 4,863↓56.9% | 11,285↓11.6% | 12,771↑278.0% | 3,379 | |
| Operating Expenses | ||||||
| R&D Expenses | 6↓60.0% | 15↓44.4% | 27↓35.7% | 42↓10.6% | 47 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 2,169↓1.1% | 2,194↓3.9% | 2,283↑7.4% | 2,126↑25.3% | 1,697 | |
| Other Expenses | 791↑140.4% | 329↓53.5% | 707↑33.4% | 530↑29.3% | 410 | |
| Operating Expenses | 2,966↑16.9% | 2,538↓15.9% | 3,017↑11.8% | 2,698↑25.3% | 2,154 | |
| Total Costs & Expenses | 128,669↓8.6% | 140,793↑1.3% | 138,994↓13.2% | 160,045↑44.6% | 110,719 | |
| Operating Results | ||||||
| Operating Income | 3,520↑51.4% | 2,325↓71.9% | 8,268↓17.9% | 10,073↑722.3% | 1,225 | |
| Depreciation & Amortization | 3,298↑37.2% | 2,403↑19.8% | 2,006↑21.4% | 1,652↑1.4% | 1,629 | |
| EBITDA | 9,757↑63.0% | 5,985↓51.6% | 12,372↓26.8% | 16,910↑328.1% | 3,950 | |
| EBIT | 6,459↑80.3% | 3,582↓65.4% | 10,366↓32.1% | 15,258↑557.4% | 2,321 | |
| Interest & Other Income | ||||||
| Net Interest Income | -898↓19.9% | -749↓19.3% | -628↓16.9% | -537↑5.8% | -570 | |
| Interest Income | 141↓10.8% | 158↓41.3% | 269↑228.0% | 82↑645.5% | 11 | |
| Interest Expense | 1,039↑14.6% | 907↑1.1% | 897↑44.9% | 619↑6.5% | 581 | |
| Non-Operating Income | -2,939↓133.8% | -1,257↑40.1% | -2,098↑59.5% | -5,185↓373.1% | -1,096 | |
| Other Income / Expenses | 1,900↑442.7% | 350↓70.8% | 1,201↓73.7% | 4,566↑786.6% | 515 | |
| Income Before Tax | 5,420↑102.6% | 2,675↓71.7% | 9,469↓35.3% | 14,639↑741.3% | 1,740 | |
| Income Tax Expense | 892↑78.4% | 500↓77.6% | 2,230↓31.3% | 3,248↑2124.7% | 146 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 4,528↑108.2% | 2,175↓70.0% | 7,239↓36.4% | 11,391↑614.6% | 1,594 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 4,403↑108.0% | 2,117↓69.8% | 7,004↓36.5% | 11,024↑738.3% | 1,315 | |
| Bottom-Line Net Income | 4,401↑108.9% | 2,107↓69.9% | 7,004↓36.4% | 11,014↑743.3% | 1,306 | |
| EPS (Basic) | 10.84↑116.4% | 5.01↓67.8% | 15.56↓33.4% | 23.36↑686.5% | 2.97 | |
| EPS (Diluted) | 10.79↑116.2% | 4.99↓67.7% | 15.45↓33.6% | 23.27↑683.5% | 2.97 | |
| Weighted Average Shares | 406↓3.4% | 420↓6.7% | 450↓4.5% | 471↑7.2% | 440 | |
| Weighted Average Diluted Shares | 408↓3.3% | 422↓6.9% | 453↓4.3% | 474↑7.6% | 440 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.