Phillips 66 Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	132,376	143,153	147,399	169,990	111,476
Other Revenue	4,184	-	-	-	-
Revenue	136,560	143,153	147,399	169,990	111,476
Revenue Growth (YoY)	-4.61%	-2.88%	-13.29%	52.49%	73.83%
Cost of Revenue	116,093	129,962	128,086	149,932	102,102
Gross Profit	20,467	13,191	19,313	20,058	9,374
Selling, General & Admin	2,437	2,814	2,310	1,990	1,744
Other Operating Expenses	6,470	6,216	6,791	6,585	5,547
Operating Expenses	12,949	11,140	11,078	10,204	8,896
Operating Income	7,518	2,051	8,235	9,854	478
Interest Expense	-1,039	-907	-897	-619	-581
Interest & Investment Income	-	158	269	82	11
Earnings From Equity Investments	-	1,779	2,017	2,968	2,904
Currency Exchange Gain (Loss)	1	-11	-22	9	-1
Other Non Operating Income (Expenses)	-	37	29	-4	44
EBT Excluding Unusual Items	6,480	3,107	9,631	12,290	2,855
Merger & Restructuring Charges	-	-297	-215	-178	-
Gain (Loss) on Sale of Investments	-	-	-38	-433	167
Gain (Loss) on Sale of Assets	-	321	115	7	18
Asset Writedown	-1,060	-456	-24	-60	-1,300
Other Unusual Items	-	-	-	3,013	-
Pretax Income	5,420	2,675	9,469	14,639	1,740
Income Tax Expense	892	500	2,230	3,248	146
Earnings From Continuing Operations	4,528	2,175	7,239	11,391	1,594
Minority Interest in Earnings	-125	-58	-224	-367	-277
Net Income	4,403	2,117	7,015	11,024	1,317
Preferred Dividends & Other Adjustments	-	10	11	10	11
Net Income to Common	4,403	2,107	7,004	11,014	1,306
Net Income Growth	107.98%	-69.82%	-36.37%	737.05%	-
Shares Outstanding (Basic)	406	420	450	471	440
Shares Outstanding (Diluted)	408	422	453	474	440
Shares Change (YoY)	-3.28%	-6.91%	-4.33%	7.58%	0.19%
EPS (Basic)	10.84	5.01	15.56	23.36	2.97
EPS (Diluted)	10.79	4.99	15.48	23.27	2.97
EPS Growth	116.23%	-67.76%	-33.48%	684.05%	-
Free Cash Flow	2,729	2,332	4,874	8,925	4,157
Free Cash Flow Per Share	6.69	5.53	10.75	18.84	9.44
Dividend Per Share	-	4.500	4.200	3.830	3.620
Dividend Growth	-	7.14%	9.66%	5.80%	0.56%
Gross Margin	14.99%	9.21%	13.10%	11.80%	8.41%
Operating Margin	5.50%	1.43%	5.59%	5.80%	0.43%
Profit Margin	3.22%	1.47%	4.75%	6.48%	1.17%
Free Cash Flow Margin	2.00%	1.63%	3.31%	5.25%	3.73%
EBITDA	10,769	4,161	10,212	11,483	2,083
EBITDA Margin	7.89%	2.91%	6.93%	6.75%	1.87%
D&A For EBITDA	3,251	2,110	1,977	1,629	1,605
EBIT	7,518	2,051	8,235	9,854	478
EBIT Margin	5.50%	1.43%	5.59%	5.80%	0.43%
Effective Tax Rate	16.46%	18.69%	23.55%	22.19%	8.39%
Revenue as Reported	136,560	145,496	149,890	175,702	114,852
Advertising Expenses	-	51	54	56	52

Source: S&P Global Market Intelligence. Standard template. Financial Sources.