Phillips 66 - Understand $psx stock

$PSX Market Cap: $53.94 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$147.7B

TTM

Gross Margin

9.92%

TTM

Net Earnings

$3.366B

TTM

Current Assets

$19.31B

Q3 2024

Current Liabilities

$15.92B

Q3 2024

Current Ratio

121.26%

Q3 2024

Total Assets

$75.08B

Q3 2024

Total Liabilities

$45.30B

Q3 2024

Book Value

$29.78B

Q3 2024

Cash

$1.637B

Q3 2024

P/E

16.02

Nov 29, 2024 EST

Free Cash Flow

$3.196B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$147.4B	$170.0B	$111.5B	$64.13B	$107.3B	$111.5B	$102.4B	$84.28B	$98.98B	$161.2B	$171.6B	$179.3B	$195.9B	$146.6B	$112.7B	$171.7B
YoY Change	-13.29%	52.49%	73.83%	-40.23%	-3.74%	8.9%	21.45%	-14.85%	-38.61%	-6.05%	-4.29%	-8.49%	33.69%	30.05%	-34.37%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$147.4B	$170.0B	$111.5B	$64.13B	$107.3B	$111.5B	$102.4B	$84.28B	$98.98B	$161.2B	$171.6B	$179.3B	$195.9B	$146.6B	$112.7B	$171.7B
Cost Of Revenue	$128.1B	$149.9B	$102.1B	$57.71B	$95.53B	$97.93B	$79.41B	$62.47B	$87.18B	$150.4B	$162.1B	$167.8B	$172.8B	$125.1B	$93.16B	$145.6B
Gross Profit	$19.31B	$20.06B	$9.374B	$6.422B	$11.76B	$13.53B	$22.95B	$21.81B	$11.80B	$10.77B	$9.485B	$11.51B	$23.16B	$21.47B	$19.54B	$26.13B
Gross Profit Margin	13.1%	11.8%	8.41%	10.01%	10.96%	12.14%	22.42%	25.88%	11.92%	6.68%	5.53%	6.42%	11.82%	14.65%	17.34%	15.22%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Selling, General & Admin	$2.525B	$2.168B	$1.744B	$1.544B	$1.681B	$1.677B	$1.695B	$1.638B	$1.670B	$1.663B	$1.478B	$1.703B	$1.394B	$1.384B	$14.93B	$17.49B
YoY Change	16.47%	24.31%	12.95%	-8.15%	0.24%	-1.06%	3.48%	-1.92%	0.42%	12.52%	-13.21%	22.17%	0.72%	-90.73%	-14.63%
% of Gross Profit	13.07%	10.81%	18.6%	24.04%	14.29%	12.39%	7.39%	7.51%	14.16%	15.45%	15.58%	14.8%	6.02%	6.45%	76.44%	66.94%
Research & Development	$27.00M	$42.00M	$47.00M	$48.00M	$54.00M	$55.00M	$60.00M	$60.00M	$65.00M	$62.00M	$69.00M	$70.00M	$69.00M	$56.00M
YoY Change	-35.71%	-10.64%	-2.08%	-11.11%	-1.82%	-8.33%	0.0%	-7.69%	4.84%	-10.14%	-1.43%	1.45%	23.21%
% of Gross Profit	0.14%	0.21%	0.5%	0.75%	0.46%	0.41%	0.26%	0.28%	0.55%	0.58%	0.73%	0.61%	0.3%	0.26%
Depreciation & Amortization	$1.977B	$1.629B	$1.605B	$1.395B	$1.341B	$1.356B	$1.318B	$1.168B	$1.078B	$995.0M	$947.0M	$906.0M	$902.0M	$880.0M	$879.0M	$904.0M
YoY Change	21.36%	1.5%	15.05%	4.03%	-1.11%	2.88%	12.84%	8.35%	8.34%	5.07%	4.53%	0.44%	2.5%	0.11%	-2.77%
% of Gross Profit	10.24%	8.12%	17.12%	21.72%	11.4%	10.02%	5.74%	5.36%	9.14%	9.24%	9.98%	7.87%	3.89%	4.1%	4.5%	3.46%
Operating Expenses	$2.552B	$2.210B	$1.791B	$1.592B	$1.735B	$1.732B	$1.755B	$1.698B	$1.735B	$1.725B	$1.547B	$1.773B	$1.463B	$1.440B	$19.93B	$23.11B
YoY Change	15.48%	23.39%	12.5%	-8.24%	0.17%	-1.31%	3.36%	-2.13%	0.58%	11.51%	-12.75%	21.19%	1.6%	-92.78%	-13.74%
Operating Profit	$16.76B	$17.85B	$7.583B	$4.830B	$10.03B	$11.80B	$21.19B	$20.11B	$10.06B	$9.041B	$7.938B	$9.733B	$21.70B	$20.03B	-$398.0M	$3.021B
YoY Change	-6.09%	135.37%	57.0%	-51.84%	-15.0%	-44.32%	5.35%	99.91%	11.28%	13.9%	-18.44%	-55.15%	8.34%	-5132.41%	-113.17%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Interest Expense	$1.329B	$2.007B	$2.698B	$694.0M	$1.751B	$2.489B	$1.123B	$749.0M	$1.241B	$2.194B	$2.858B	$2.934B	$2.893B	$1.721B	$1.191B	$1.616B
YoY Change	-33.78%	-25.61%	288.76%	-60.37%	-29.65%	121.64%	49.93%	-39.65%	-43.44%	-23.23%	-2.59%	1.42%	68.1%	44.5%	-26.3%
% of Operating Profit	7.93%	11.24%	35.58%	14.37%	17.46%	21.1%	5.3%	3.72%	12.33%	24.27%	36.0%	30.14%	13.33%	8.59%		53.49%
Other Income/Expense, Net	$359.0M	$2.737B	$454.0M	$66.00M	$119.0M	$61.00M	$521.0M	$74.00M	$118.0M	$120.0M	$85.00M	$135.0M	$45.00M	$89.00M	$41.00M	$14.00M
YoY Change	-86.88%	502.86%	587.88%	-44.54%	95.08%	-88.29%	604.05%	-37.29%	-1.67%	41.18%	-37.04%	200.0%	-49.44%	117.07%	192.86%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Pretax Income	$7.887B	$12.63B	$1.737B	-$4.964B	$4.178B	$7.445B	$3.555B	$2.191B	$6.044B	$5.745B	$5.526B	$6.556B	$6.559B	$1.319B	$847.0M	$4.114B
YoY Change	-37.54%	627.0%	-134.99%	-218.81%	-43.88%	109.42%	62.25%	-63.75%	5.2%	3.96%	-15.71%	-0.05%	397.27%	55.73%	-79.41%
Income Tax	$2.230B	$3.248B	$146.0M	-$1.250B	$801.0M	$1.572B	-$1.693B	$547.0M	$1.764B	$1.654B	$1.844B	$2.473B	$1.822B	$579.0M	$368.0M	$1.449B
% Of Pretax Income	28.27%	25.72%	8.41%		19.17%	21.11%	-47.62%	24.97%	29.19%	28.79%	33.37%	37.72%	27.78%	43.9%	43.45%	35.22%
Net Earnings	$7.015B	$11.02B	$1.317B	-$3.975B	$3.076B	$5.595B	$5.106B	$1.555B	$4.227B	$4.762B	$3.726B	$4.124B	$4.775B	$735.0M	$476.0M	$2.662B
YoY Change	-36.37%	737.05%	-133.13%	-229.23%	-45.02%	9.58%	228.36%	-63.21%	-11.23%	27.8%	-9.65%	-13.63%	549.66%	54.41%	-82.12%
Net Earnings / Revenue	4.76%	6.49%	1.18%	-6.2%	2.87%	5.02%	4.99%	1.85%	4.27%	2.95%	2.17%	2.3%	2.44%	0.5%	0.42%	1.55%
Basic Earnings Per Share	$15.56	$23.36	$2.97	-$9.06	$6.80	$11.87	$9.90	$2.94	$7.78	$8.40	$6.07	$6.55	$7.61	$1.17
Diluted Earnings Per Share	$15.48	$23.27	$2.97	-$9.06	$6.77	$11.80	$9.85	$2.92	$7.73	$8.33	$6.02	$6.48	$7.52	$1.16	$635.5K	$3.493M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Cash & Short-Term Investments	$3.323B	$6.133B	$3.147B	$2.514B	$1.614B	$3.019B	$3.119B	$2.711B	$3.074B	$5.207B	$5.400B	$3.474B	$0.00	$0.00	$0.00
YoY Change	-45.82%	94.88%	25.18%	55.76%	-46.54%	-3.21%	15.05%	-11.81%	-40.96%	-3.57%	55.44%
Cash & Equivalents	$3.323B	$6.133B	$3.147B	$2.514B	$1.614B	$3.019B	$3.119B	$2.711B	$3.074B	$5.207B	$5.400B	$3.474B	$0.00	$0.00	$0.00
Short-Term Investments
Other Short-Term Assets	$1.138B	$1.528B	$686.0M	$347.0M	$495.0M	$474.0M	$370.0M	$422.0M	$532.0M	$832.0M	$851.0M	$655.0M	$457.0M	$378.0M	$684.0M
YoY Change	-25.52%	122.74%	97.69%	-29.9%	4.43%	28.11%	-12.32%	-20.68%	-36.06%	-2.23%	29.92%	43.33%	20.9%	-44.74%
Inventory	$3.750B	$3.276B	$3.394B	$3.893B	$3.776B	$3.543B	$3.395B	$3.150B	$3.477B	$3.397B	$3.354B	$3.430B	$3.466B	$4.113B	$3.842B
Prepaid Expenses
Receivables	$11.73B	$10.99B	$7.470B	$6.522B	$8.510B	$6.173B	$7.506B	$6.397B	$5.173B	$7.256B	$9.632B	$10.40B	$10.03B	$10.21B	$6.842B
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$19.94B	$21.92B	$14.70B	$13.28B	$14.40B	$13.21B	$14.39B	$12.68B	$12.26B	$16.69B	$19.24B	$17.96B	$13.95B	$14.70B	$11.37B
YoY Change	-9.04%	49.16%	10.7%	-7.77%	8.98%	-8.21%	13.49%	3.46%	-26.58%	-13.23%	7.1%	28.78%	-5.14%	29.35%
Property, Plant & Equipment	$36.83B	$36.16B	$23.49B	$24.93B	$25.10B	$22.02B	$21.46B	$20.86B	$19.72B	$17.35B	$15.40B	$15.41B	$14.77B	$15.41B	$17.24B
YoY Change	1.85%	53.96%	-5.78%	-0.68%	13.99%	2.6%	2.9%	5.75%	13.69%	12.65%	-0.06%	4.31%	-4.14%	-10.61%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$14.92B	$14.62B	$13.51B	$13.18B	$14.41B	$14.32B	$13.85B	$13.20B	$12.06B	$10.11B	$11.15B	$10.47B	$10.31B	$9.918B	$9.398B
YoY Change	2.07%	8.21%	2.5%	-8.55%	0.63%	3.44%	4.9%	9.46%	19.24%	-9.27%	6.45%	1.6%	3.91%	5.53%
Other Assets	$960.0M	$1.095B	$644.0M	$626.0M	$517.0M	$515.0M	$434.0M	$426.0M	$279.0M	$291.0M	$149.0M	$165.0M	$122.0M	$113.0M	$97.00M
YoY Change	-12.33%	70.03%	2.88%	21.08%	0.39%	18.66%	1.88%	52.69%	-4.12%	95.3%	-9.7%	35.25%	7.96%	16.49%
Total Long-Term Assets	$55.56B	$54.52B	$40.90B	$41.45B	$44.33B	$41.09B	$39.98B	$38.97B	$36.32B	$32.00B	$30.56B	$30.11B	$29.26B	$30.25B	$31.51B
YoY Change	1.91%	33.31%	-1.32%	-6.5%	7.87%	2.78%	2.59%	7.29%	13.51%	4.71%	1.49%	2.9%	-3.27%	-4.0%
Total Assets	$75.50B	$76.44B	$55.59B	$54.72B	$58.72B	$54.30B	$54.37B	$51.65B	$48.58B	$48.69B	$49.80B	$48.07B	$43.21B	$44.96B	$42.88B
YoY Change
Accounts Payable	$10.90B	$10.75B	$7.629B	$5.171B	$8.043B	$6.113B	$7.242B	$6.395B	$5.155B	$7.488B	$9.948B	$9.731B	$10.01B	$9.814B	$7.198B
YoY Change	1.42%	40.88%	47.53%	-35.71%	31.57%	-15.59%	13.24%	24.05%	-31.16%	-24.73%	2.23%	-2.76%	1.97%	36.34%
Accrued Expenses	$3.473B	$4.037B	$2.851B	$2.982B	$2.511B	$2.259B	$1.274B	$1.086B	-$593.0M	-$1.284B	$1.817B	$1.759B	$1.562B	$1.723B	$1.595B
YoY Change	-13.97%	41.6%	-4.39%	18.76%	11.16%	77.32%	17.31%	-283.14%	-53.82%	-170.67%	3.3%	12.61%	-9.34%	8.03%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$1.482B	$529.0M	$1.489B	$987.0M	$547.0M	$67.00M	$41.00M	$550.0M	$44.00M	$842.0M	$24.00M	$13.00M	$30.00M	$29.00M	$25.00M
YoY Change	180.15%	-64.47%	50.86%	80.44%	716.42%	63.41%	-92.55%	1150.0%	-94.77%	3408.33%	84.62%	-56.67%	3.45%	16.0%
Total Short-Term Liabilities	$15.86B	$15.89B	$12.80B	$9.518B	$11.65B	$8.935B	$10.11B	$9.463B	$7.531B	$11.09B	$12.93B	$12.48B	$12.38B	$12.50B	$9.335B
YoY Change	-0.21%	24.12%	34.49%	-18.27%	30.34%	-11.6%	6.81%	25.65%	-32.12%	-14.21%	3.6%	0.79%	-0.95%	33.94%
Long-Term Debt	$17.88B	$16.66B	$12.96B	$14.91B	$11.22B	$11.09B	$10.07B	$9.588B	$8.843B	$7.793B	$6.131B	$6.961B	$361.0M	$388.0M	$403.0M
YoY Change	7.3%	28.57%	-13.06%	32.9%	1.11%	10.17%	5.02%	8.42%	13.47%	27.11%	-11.92%	1828.25%	-6.96%	-3.72%
Other Long-Term Liabilities	$2.694B	$3.115B	$2.722B	$3.130B	$3.136B	$1.846B	$1.759B	$2.134B	$2.227B	$2.277B	$2.219B	$2.380B	$1.370B	$1.221B	$1.344B
YoY Change	-13.52%	14.44%	-13.04%	-0.19%	69.88%	4.95%	-17.57%	-4.18%	-2.2%	2.61%	-6.76%	73.72%	12.2%	-9.15%
Total Long-Term Liabilities	$20.57B	$19.78B	$15.68B	$18.04B	$14.35B	$12.94B	$11.83B	$11.72B	$11.07B	$10.07B	$8.350B	$9.341B	$1.731B	$1.609B	$1.747B
YoY Change	4.02%	26.11%	-13.06%	25.67%	10.92%	9.39%	0.9%	5.89%	9.93%	20.6%	-10.61%	439.63%	7.58%	-7.9%
Total Liabilities	$44.92B	$46.95B	$36.43B	$35.74B	$33.81B	$29.65B	$29.29B	$29.26B	$25.48B	$27.10B	$27.85B	$27.30B	$19.95B	$18.95B	$15.96B
YoY Change	-4.32%	28.88%	1.93%	5.7%	14.03%	1.24%	0.08%	14.85%	-5.98%	-2.68%	2.01%	36.85%	5.24%	18.74%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	450.1M shares	471.5M shares	440.0M shares	439.5M shares	451.4M shares	470.7M shares	515.1M shares	527.5M shares	542.4M shares	565.9M shares	612.9M shares	628.8M shares	627.6M shares	627.6M shares
Diluted Shares Outstanding	453.2M shares	473.7M shares	440.4M shares	439.5M shares	453.9M shares	474.0M shares	518.5M shares	530.1M shares	547.0M shares	571.5M shares	619.0M shares	636.8M shares	634.6M shares	634.6M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $53.936 Billion

About Phillips 66

Phillips 66 engages in the processing, transportation, storage, and marketing of fuels and other related products. The company is headquartered in Houston, Texas and currently employs 14,000 full-time employees. The company went IPO on 2012-04-12. The Company’s Midstream segment provides crude oil and refined petroleum product transportation, terminating and processing services, as well as natural gas and natural gas liquids (NGL) transportation, storage, fractionation, gathering, processing and marketing services, mainly in the United States. Its Chemicals segment consists of its 50% equity investment in Chevron Phillips Chemical Company LLC, which manufactures and markets petrochemicals and plastics on a worldwide basis. Its Refining segment refines crude oil and other feedstocks into petroleum products, such as gasoline, distillates and aviation fuels. Its Marketing and Specialties segment purchases for resale and markets refined products. Its Renewable Fuels segment processes renewable feedstocks into renewable products at the Rodeo Renewable Energy Complex.

Industry: Petroleum Refining Peers: Archaea Energy Inc. CVR ENERGY INC HF Sinclair Corp Marathon Petroleum Corp PBF Energy Inc. Renewable Energy Group, Inc. Sunoco LP VALERO ENERGY CORP/TX