2021 Q4 Form 10-K Financial Statement

#000153470122000078 Filed on February 18, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $32.60B $111.5B $16.41B
YoY Change 98.7% 73.83% -43.66%
Cost Of Revenue $29.29B $102.1B $15.15B
YoY Change 93.33% 76.93% -42.25%
Gross Profit $3.314B $9.374B $1.259B
YoY Change 163.22% 45.97% -57.35%
Gross Profit Margin 10.16% 8.41% 7.67%
Selling, General & Admin $546.0M $1.744B $519.0M
YoY Change 5.2% 12.95% -8.95%
% of Gross Profit 16.48% 18.6% 41.22%
Research & Development $47.00M
YoY Change -2.08%
% of Gross Profit 0.5%
Depreciation & Amortization $155.0M $1.605B $358.0M
YoY Change -56.7% 15.05% 5.29%
% of Gross Profit 4.68% 17.12% 28.44%
Operating Expenses $2.502B $1.791B $2.062B
YoY Change 21.34% 12.5% -10.81%
Operating Profit $812.0M $7.583B -$803.0M
YoY Change -201.12% 57.0% -225.47%
Interest Expense $801.0M $2.698B $179.0M
YoY Change 347.49% 288.76% -56.13%
% of Operating Profit 98.65% 35.58%
Other Income/Expense, Net $9.000M $454.0M $18.00M
YoY Change -50.0% 587.88% -18.18%
Pretax Income $1.627B $1.737B -$691.0M
YoY Change -335.46% -134.99% -164.82%
Income Tax $256.0M $146.0M -$197.0M
% Of Pretax Income 15.73% 8.41%
Net Earnings $1.273B $1.317B -$539.0M
YoY Change -336.18% -133.13% -173.23%
Net Earnings / Revenue 3.9% 1.18% -3.28%
Basic Earnings Per Share $2.97 -$1.23
Diluted Earnings Per Share $2.889M $2.97 -$1.23
COMMON SHARES
Basic Shares Outstanding 440.0M shares
Diluted Shares Outstanding 440.4M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.147B $3.147B $2.514B
YoY Change 25.18% 25.18% 55.76%
Cash & Equivalents $3.147B $3.147B $2.514B
Short-Term Investments
Other Short-Term Assets $686.0M $686.0M $347.0M
YoY Change 97.69% 97.69% -29.9%
Inventory $3.394B $3.394B $3.893B
Prepaid Expenses
Receivables $7.470B $7.470B $6.522B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $14.70B $14.70B $13.28B
YoY Change 10.7% 10.7% -7.77%
LONG-TERM ASSETS
Property, Plant & Equipment $23.49B $23.49B $23.72B
YoY Change -0.97% -5.78% -5.51%
Goodwill $1.484B $1.425B
YoY Change 4.14% -56.42%
Intangibles $813.0M $843.0M
YoY Change -3.56% -2.99%
Long-Term Investments $12.83B $13.51B $13.04B
YoY Change -1.57% 2.5% -8.73%
Other Assets $1.694B $644.0M $1.837B
YoY Change -7.78% 2.88% 0.44%
Total Long-Term Assets $40.90B $40.90B $41.45B
YoY Change -1.32% -1.32% -6.5%
TOTAL ASSETS
Total Short-Term Assets $14.70B $14.70B $13.28B
Total Long-Term Assets $40.90B $40.90B $41.45B
Total Assets $55.59B $55.59B $54.72B
YoY Change 1.6% 1.6% -6.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.629B $7.629B $5.171B
YoY Change 47.53% 47.53% -35.71%
Accrued Expenses $2.851B $2.851B $2.982B
YoY Change -4.39% -4.39% 18.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.489B $1.489B $987.0M
YoY Change 50.86% 50.86% 80.44%
Total Short-Term Liabilities $12.80B $12.80B $9.518B
YoY Change 34.49% 34.49% -18.27%
LONG-TERM LIABILITIES
Long-Term Debt $12.96B $12.96B $14.91B
YoY Change -13.06% -13.06% 32.9%
Other Long-Term Liabilities $2.722B $2.722B $3.130B
YoY Change -13.04% -13.04% -0.19%
Total Long-Term Liabilities $15.68B $15.68B $18.04B
YoY Change -13.06% -13.06% 25.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.80B $12.80B $9.518B
Total Long-Term Liabilities $15.68B $15.68B $18.04B
Total Liabilities $33.96B $36.43B $33.20B
YoY Change 2.29% 1.93% 5.22%
SHAREHOLDERS EQUITY
Retained Earnings $16.22B $16.50B
YoY Change -1.72% -25.22%
Common Stock $20.51B $20.39B
YoY Change 0.6% 0.4%
Preferred Stock
YoY Change
Treasury Stock (at cost) $17.12B $17.12B
YoY Change 0.0% 2.66%
Treasury Stock Shares 211.8M shares 211.8M shares
Shareholders Equity $19.17B $19.17B $18.98B
YoY Change
Total Liabilities & Shareholders Equity $55.59B $55.59B $54.72B
YoY Change 1.6% 1.6% -6.81%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $1.273B $1.317B -$539.0M
YoY Change -336.18% -133.13% -173.23%
Depreciation, Depletion And Amortization $155.0M $1.605B $358.0M
YoY Change -56.7% 15.05% 5.29%
Cash From Operating Activities $1.800B $6.017B $639.0M
YoY Change 181.69% 185.03% -62.28%
INVESTING ACTIVITIES
Capital Expenditures -$597.0M -$1.860B -$506.0M
YoY Change 17.98% -36.3% -60.41%
Acquisitions
YoY Change
Other Investing Activities $40.00M -$2.000M -$7.000M
YoY Change -671.43% -101.54% -131.82%
Cash From Investing Activities -$557.0M -$1.872B -$513.0M
YoY Change 8.58% -39.2% -59.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$26.00M
YoY Change -105.98%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -978.0M -$3.470B 872.0M
YoY Change -212.16% -293.75% -178.63%
NET CHANGE
Cash From Operating Activities 1.800B $6.017B 639.0M
Cash From Investing Activities -557.0M -$1.872B -513.0M
Cash From Financing Activities -978.0M -$3.470B 872.0M
Net Change In Cash 265.0M $633.0M 998.0M
YoY Change -73.45% -29.67% -248.73%
FREE CASH FLOW
Cash From Operating Activities $1.800B $6.017B $639.0M
Capital Expenditures -$597.0M -$1.860B -$506.0M
Free Cash Flow $2.397B $7.877B $1.145B
YoY Change 109.34% 56.57% -61.47%

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1575000000 USD
CY2020 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
443000000 USD
CY2020 psx Total Adjustments To Equity From Share Based Compensation
TotalAdjustmentsToEquityFromShareBasedCompensation
68000000 USD
CY2020 psx Non Controlling Interest Increase From Transfer Of Equity Interest
NonControllingInterestIncreaseFromTransferOfEquityInterest
307000000 USD
CY2020 psx Noncontrolling Interest Decrease From Distributions To Noncontrolling Interest Holders Net Of Contributions From Noncontrolling Interest Holders
NoncontrollingInterestDecreaseFromDistributionsToNoncontrollingInterestHoldersNetOfContributionsFromNoncontrollingInterestHolders
285000000 USD
CY2020 us-gaap Stockholders Equity Other
StockholdersEquityOther
-2000000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21523000000 USD
CY2021 us-gaap Profit Loss
ProfitLoss
1594000000 USD
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
344000000 USD
CY2021 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1585000000 USD
CY2021 psx Total Adjustments To Equity From Share Based Compensation
TotalAdjustmentsToEquityFromShareBasedCompensation
108000000 USD
CY2021 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
324000000 USD
CY2021 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
23000000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21637000000 USD
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
645691761 shares
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
189526331 shares
CY2019 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
16864475 shares
CY2019 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
1724872 shares
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
647416633 shares
CY2019Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
206390806 shares
CY2020 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
5381021 shares
CY2020 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
1226590 shares
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
648643223 shares
CY2020Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
211771827 shares
CY2021 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2021 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
1383095 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
650026318 shares
CY2021Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
211771827 shares
CY2019 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
3.50
CY2020 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
3.60
CY2021 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
3.62
CY2021 us-gaap Use Of Estimates
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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with generally accepted accounting principles in the United States (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities. Actual results could differ from these estimates.</span></div>
CY2021 us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:700;line-height:120%">Impairment of Properties, Plants and Equipment</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:400;line-height:120%">PP&amp;E used in operations are assessed for impairment whenever changes in facts and circumstances indicate a possible significant deterioration in the future cash flows expected to be generated by an asset group. If indicators of potential impairment exist, an undiscounted cash flow test is performed. If the sum of the undiscounted expected future before-tax cash flows of an asset group is less than the carrying value of the asset group, including applicable liabilities, the carrying value of the PP&amp;E included in the asset group is written down to estimated fair value and the write down is reported in the “Impairments” line item on our consolidated statement of operations in the period in which the impairment determination is made. Individual assets are grouped for impairment purposes at the lowest level for which identifiable cash flows are available. Because there is usually a lack of quoted market prices for long-lived assets, the fair value of impaired assets is typically determined using one or more of the following methods: the present values of expected future cash flows using discount rates and other assumptions believed to be consistent with those used by principal market participants; a market multiple of earnings for similar assets; historical market transactions including similar assets, adjusted using principal market participant assumptions when necessary; or replacement cost adjusted for physical deterioration and economic obsolescence. Long-lived assets held for sale are accounted for at the lower of amortized cost or fair value, less cost to sell, with fair value determined using a binding negotiated price, if available, estimated replacement cost, or present value of expected future cash flows as previously described.</span></div><div style="padding-left:36pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:400;line-height:120%">The expected future cash flows used for impairment reviews and related fair value calculations are based on estimated future volumes, prices, costs, margins and capital project decisions, considering all available evidence at the date of review.</span></div>
CY2021 us-gaap Number Of Reporting Units
NumberOfReportingUnits
2 reporting_unit
CY2021 psx Contract With Customer Payment Term
ContractWithCustomerPaymentTerm
P30D
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
111476000000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
64129000000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
107293000000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
111476000000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
64129000000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
107293000000 USD
CY2021Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
6140000000 USD
CY2020Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
3911000000 USD
CY2021Q4 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
466000000 USD
CY2020Q4 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
404000000 USD
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
7470000000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
6522000000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
44000000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
37000000 USD
CY2021Q4 psx Accounts And Notes Receivable Percent Outstanding Less Than60 Days
AccountsAndNotesReceivablePercentOutstandingLessThan60Days
0.95
CY2021Q4 us-gaap Inventory Crude Oil Products And Merchandise
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3024000000 USD
CY2020Q4 us-gaap Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
3536000000 USD
CY2021Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
370000000 USD
CY2020Q4 us-gaap Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
357000000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
3394000000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
3893000000 USD
CY2021Q4 us-gaap Lifo Inventory Amount
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2792000000 USD
CY2020Q4 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
3368000000 USD
CY2021Q4 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
5700000000 USD
CY2020Q4 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
2700000000 USD
CY2021 us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
-101000000 USD
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
12832000000 USD
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
13037000000 USD
CY2021Q4 us-gaap Other Investments
OtherInvestments
680000000 USD
CY2020Q4 us-gaap Other Investments
OtherInvestments
145000000 USD
CY2021Q4 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
959000000 USD
CY2020Q4 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
442000000 USD
CY2021Q4 us-gaap Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
14471000000 USD
CY2020Q4 us-gaap Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
13624000000 USD
CY2021 psx Proceeds From Equity Method Investment Distribution And Return Of Capital
ProceedsFromEquityMethodInvestmentDistributionAndReturnOfCapital
3043000000 USD
CY2020 psx Proceeds From Equity Method Investment Distribution And Return Of Capital
ProceedsFromEquityMethodInvestmentDistributionAndReturnOfCapital
1717000000 USD
CY2019 psx Proceeds From Equity Method Investment Distribution And Return Of Capital
ProceedsFromEquityMethodInvestmentDistributionAndReturnOfCapital
2055000000 USD
CY2021Q4 us-gaap Retained Earnings Undistributed Earnings From Equity Method Investees
RetainedEarningsUndistributedEarningsFromEquityMethodInvestees
2500000000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
39797000000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
17362000000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
22435000000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
40223000000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
16507000000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
23716000000 USD
CY2021Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
155000000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
3270000000 USD
CY2020 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
0 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1845000000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
1425000000 USD
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
59000000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
1484000000 USD
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
715000000 USD
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
725000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
98000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
118000000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
26000000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
27000000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17000000 USD
CY2021Q4 psx Finite Lived Intangible Assets Estimated Future Amortization Expense
FiniteLivedIntangibleAssetsEstimatedFutureAmortizationExpense
20000000 USD
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1498000000 USD
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
4252000000 USD
CY2019 us-gaap Asset Impairment Charges
AssetImpairmentCharges
861000000 USD
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
395000000 USD
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
309000000 USD
CY2021Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
436000000 USD
CY2020Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
427000000 USD
CY2021Q4 psx Asset Retirement Obligation And Accrual For Environmental Loss Contingencies
AssetRetirementObligationAndAccrualForEnvironmentalLossContingencies
831000000 USD
CY2020Q4 psx Asset Retirement Obligation And Accrual For Environmental Loss Contingencies
AssetRetirementObligationAndAccrualForEnvironmentalLossContingencies
736000000 USD
CY2021Q4 psx Asset Retirement Obligation And Accrual For Environmental Loss Contingencies Current
AssetRetirementObligationAndAccrualForEnvironmentalLossContingenciesCurrent
104000000 USD
CY2020Q4 psx Asset Retirement Obligation And Accrual For Environmental Loss Contingencies Current
AssetRetirementObligationAndAccrualForEnvironmentalLossContingenciesCurrent
79000000 USD
CY2021Q4 psx Asset Retirement Obligation And Accrual For Environmental Loss Contingencies Noncurrent
AssetRetirementObligationAndAccrualForEnvironmentalLossContingenciesNoncurrent
727000000 USD
CY2020Q4 psx Asset Retirement Obligation And Accrual For Environmental Loss Contingencies Noncurrent
AssetRetirementObligationAndAccrualForEnvironmentalLossContingenciesNoncurrent
657000000 USD
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
309000000 USD
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
280000000 USD
CY2021 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
14000000 USD
CY2020 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
15000000 USD
CY2021 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
22000000 USD
CY2020 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
10000000 USD
CY2021 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
66000000 USD
CY2020 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
14000000 USD
CY2021 us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
12000000 USD
CY2020 us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
11000000 USD
CY2021 us-gaap Asset Retirement Obligation Foreign Currency Translation Gain Loss
AssetRetirementObligationForeignCurrencyTranslationGainLoss
4000000 USD
CY2020 us-gaap Asset Retirement Obligation Foreign Currency Translation Gain Loss
AssetRetirementObligationForeignCurrencyTranslationGainLoss
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CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
395000000 USD
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
309000000 USD
CY2021 us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
86000000 USD
CY2021 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
1317000000 USD
CY2021 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
1317000000 USD
CY2020 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-3975000000 USD
CY2020 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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CY2019 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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CY2019 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
3076000000 USD
CY2021 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
9000000 USD
CY2021 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
9000000 USD
CY2020 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
8000000 USD
CY2020 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
8000000 USD
CY2019 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
6000000 USD
CY2019 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
2000000 USD
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1306000000 USD
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1306000000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3983000000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-3983000000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3070000000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3074000000 USD
CY2021 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
437886000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
440028000 shares
CY2020 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
437327000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
439530000 shares
CY2019 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
448787000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
451364000 shares
CY2021 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
2142000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
336000 shares
CY2020 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
2203000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
2577000 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2524000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
440028000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
440364000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
439530000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
439530000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
451364000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
453888000 shares
CY2021 us-gaap Earnings Per Share Basic
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2.97
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.97
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-9.06
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EarningsPerShareDiluted
-9.06
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EarningsPerShareBasic
6.80
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.77
CY2021Q4 us-gaap Debt Longterm And Shortterm Combined Amount
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14251000000 USD
CY2020Q4 us-gaap Debt Longterm And Shortterm Combined Amount
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15716000000 USD
CY2021Q4 us-gaap Finance Lease Liability
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290000000 USD
CY2020Q4 us-gaap Finance Lease Liability
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264000000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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109000000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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106000000 USD
CY2021Q4 us-gaap Debt And Capital Lease Obligations
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CY2020Q4 us-gaap Debt And Capital Lease Obligations
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15893000000 USD
CY2021Q4 us-gaap Debt Current
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1489000000 USD
CY2020Q4 us-gaap Debt Current
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987000000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
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12959000000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
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14906000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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1489000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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524000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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1121000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1179000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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1013000000 USD
CY2021Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fifth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFifthAnniversary
325000000 USD
CY2021Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
325000000 USD
CY2021Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
325000000 USD
CY2021Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
325000000 USD
CY2021Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
325000000 USD
CY2021Q4 us-gaap Unrecorded Unconditional Purchase Obligation Due After Five Years
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1358000000 USD
CY2021 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
327000000 USD
CY2020 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
320000000 USD
CY2019 us-gaap Unrecorded Unconditional Purchase Obligation Purchases
UnrecordedUnconditionalPurchaseObligationPurchases
321000000 USD
CY2021Q4 psx Estimated Percentage Of Derivative Contract Volume Expiring Within Twelve Months
EstimatedPercentageOfDerivativeContractVolumeExpiringWithinTwelveMonths
0.95
CY2020Q4 psx Estimated Percentage Of Derivative Contract Volume Expiring Within Twelve Months
EstimatedPercentageOfDerivativeContractVolumeExpiringWithinTwelveMonths
0.95
CY2021 psx Payment Term Of Receivables
PaymentTermOfReceivables
30 days or less
CY2021Q4 us-gaap Assets Fair Value Disclosure
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1538000000 USD
CY2021Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
779000000 USD
CY2021Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
0 USD
CY2021Q4 psx Derivative Asset Difference In Carrying Value And Fair Value
DerivativeAssetDifferenceInCarryingValueAndFairValue
0 USD
CY2021Q4 psx Asset Fair Value Amount Offset Against Collateral
AssetFairValueAmountOffsetAgainstCollateral
759000000 USD
CY2021Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
16705000000 USD
CY2021Q4 us-gaap Derivative Liability Fair Value Gross Asset
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