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
Revenue	132,376	143,153	147,399	169,990	111,476
Revenue Growth (YoY)	-7.53%	-2.88%	-13.29%	52.49%	73.83%
Cost of Revenue	116,093	129,962	128,086	149,932	102,102
Gross Profit	16,283	13,191	19,313	20,058	9,374
Selling, General & Admin	2,437	2,814	2,525	2,168	1,744
Depreciation & Amortization Expenses	3,251	2,363	1,977	1,629	1,605
Other Operating Expenses	8,274	6,724	6,885	6,701	7,055
Total Operating Expenses	13,962	11,901	11,387	10,498	10,404
Operating Income	2,321	1,290	7,926	9,560	-1,030
Interest Income	762	1,779	2,017	2,968	2,904
Interest Expense	-1,086	-947	-926	-642	-605
Other Non-Operating Income (Expense)	3,423	553	452	2,753	471
Total Non-Operating Income (Expense)	3,099	1,385	1,543	5,079	2,770
Pretax Income	5,420	2,675	9,469	14,639	1,740
Provision for Income Taxes	892	500	2,230	3,248	146
Net Income	4,403	2,117	7,015	11,024	1,317
Minority Interest in Earnings	125	58	224	367	277
Net Income to Common	4,403	2,117	7,015	11,024	1,317
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)	10.82	5.01	15.56	23.36	2.97
EPS (Diluted)	10.79	4.99	15.48	23.27	2.97
EPS Growth	116.23%	-67.77%	-33.48%	683.50%	-
Shares Outstanding	401.14	408.39	430.47	465.84	438.25
Free Cash Flow	2,729	2,332	4,874	8,925	4,157
Free Cash Flow Growth	17.02%	-52.15%	-45.39%	114.70%	-
Free Cash Flow Per Share	6.69	5.53	10.75	18.84	9.44
Dividends Per Share	4.750	4.500	4.200	3.830	3.620
Dividend Growth	5.56%	7.14%	9.66%	5.80%	0.56%
Gross Margin	12.30%	9.21%	13.10%	11.80%	8.41%
Operating Margin	1.75%	0.90%	5.38%	5.62%	-0.92%
Profit Margin	3.42%	1.52%	4.91%	6.70%	1.43%
FCF Margin	2.06%	1.63%	3.31%	5.25%	3.73%
EBITDA	5,572	3,653	9,903	11,189	575
EBITDA Margin	4.21%	2.55%	6.72%	6.58%	0.52%
EBIT	2,321	1,290	7,926	9,560	-1,030
EBIT Margin	1.75%	0.90%	5.38%	5.62%	-0.92%
Effective Tax Rate	16.46%	18.69%	23.55%	22.19%	8.39%

Updated Feb 4, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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