$PSX
Phillips 66 Stock $psx

$psx Overview Financials Valuation SEC Filings Company Website

2024 Q1 Form 10-Q Financial Statement

#000153470124000104 Filed on April 29, 2024

Income Statement

Concept	2024 Q1
Revenue	$35.81B
YoY Change	4.11%
Cost Of Revenue	$32.39B
YoY Change	10.38%
Gross Profit	$3.425B
YoY Change	-32.25%
Gross Profit Margin	9.56%
Selling, General & Admin	$675.0M
YoY Change	11.57%
% of Gross Profit	19.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$504.0M
YoY Change	5.88%
% of Gross Profit	14.72%
Operating Expenses	$2.640B
YoY Change	336.36%
Operating Profit	$785.0M
YoY Change	-82.36%
Interest Expense	$250.0M
YoY Change	-36.55%
% of Operating Profit	31.85%
Other Income/Expense, Net	$141.0M
YoY Change	193.75%
Pretax Income	$964.0M
YoY Change	-63.64%
Income Tax	$203.0M
% Of Pretax Income	21.06%
Net Earnings	$748.0M
YoY Change	-61.86%
Net Earnings / Revenue	2.09%
Basic Earnings Per Share	$1.74
Diluted Earnings Per Share	$1.73
COMMON SHARES
Basic Shares Outstanding	427.8M shares
Diluted Shares Outstanding	431.9M shares

Balance Sheet

Concept	2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.570B
YoY Change	-77.46%
Cash & Equivalents	$1.570B
Short-Term Investments
Other Short-Term Assets	$1.316B
YoY Change	40.9%
Inventory	$6.286B
Prepaid Expenses
Receivables	$11.53B
Other Receivables	$0.00
Total Short-Term Assets	$20.70B
YoY Change	-8.67%
LONG-TERM ASSETS
Property, Plant & Equipment	$35.55B
YoY Change	1.25%
Goodwill	$1.553B
YoY Change	4.51%
Intangibles	$911.0M
YoY Change	14.88%
Long-Term Investments	$15.59B
YoY Change	1.98%
Other Assets	$2.090B
YoY Change	9.25%
Total Long-Term Assets	$55.70B
YoY Change	2.02%
TOTAL ASSETS
Total Short-Term Assets	$20.70B
Total Long-Term Assets	$55.70B
Total Assets	$76.40B
YoY Change	-1.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$12.47B
YoY Change	25.71%
Accrued Expenses	$2.868B
YoY Change	-13.38%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00
YoY Change
Long-Term Debt Due	$2.325B
YoY Change	181.82%
Total Short-Term Liabilities	$17.67B
YoY Change	20.14%
LONG-TERM LIABILITIES
Long-Term Debt	$17.83B
YoY Change	0.96%
Other Long-Term Liabilities	$2.742B
YoY Change	-13.45%
Total Long-Term Liabilities	$20.57B
YoY Change	-1.23%
TOTAL LIABILITIES
Total Short-Term Liabilities	$17.67B
Total Long-Term Liabilities	$20.57B
Total Liabilities	$46.67B
YoY Change	10.22%
SHAREHOLDERS EQUITY
Retained Earnings	$30.85B
YoY Change	14.66%
Common Stock	$19.68B
YoY Change	-0.61%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$29.73B
YoY Change
Total Liabilities & Shareholders Equity	$76.40B
YoY Change	-1.12%

Cashflow Statement

Concept	2024 Q1
OPERATING ACTIVITIES
Net Income	$748.0M
YoY Change	-61.86%
Depreciation, Depletion And Amortization	$504.0M
YoY Change	5.88%
Cash From Operating Activities	-$236.0M
YoY Change	-119.68%
INVESTING ACTIVITIES
Capital Expenditures	$628.0M
YoY Change	66.14%
Acquisitions
YoY Change
Other Investing Activities	-$37.00M
YoY Change	-254.17%
Cash From Investing Activities	-$665.0M
YoY Change	150.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-846.0M
YoY Change	623.08%
NET CHANGE
Cash From Operating Activities	-236.0M
Cash From Investing Activities	-665.0M
Cash From Financing Activities	-846.0M
Net Change In Cash	-1.747B
YoY Change	-309.98%
FREE CASH FLOW
Cash From Operating Activities	-$236.0M
Capital Expenditures	$628.0M
Free Cash Flow	-$864.0M
YoY Change	-205.24%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	528000000	usd
CY2023Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	611000000	usd
CY2024Q1	psx	Gain Loss On Disposition GainLossOnDisposition	0	usd
CY2023Q1	psx	Gain Loss On Disposition GainLossOnDisposition	34000000	usd
CY2024Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	97000000	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	48000000	usd
CY2024Q1	psx	Revenues And Other Income RevenuesAndOtherIncome	36436000000	usd
CY2023Q1	psx	Revenues And Other Income RevenuesAndOtherIncome	35089000000	usd
CY2024Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	32386000000	usd
CY2023Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	29341000000	usd
CY2024Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	1452000000	usd
CY2023Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	1578000000	usd
CY2024Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	557000000	usd
CY2023Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	605000000	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	504000000	usd
CY2023Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	476000000	usd
CY2024Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	165000000	usd
CY2023Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	8000000	usd
CY2024Q1	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	165000000	usd
CY2023Q1	us-gaap	Taxes Excluding Income And Excise Taxes TaxesExcludingIncomeAndExciseTaxes	207000000	usd
CY2024Q1	us-gaap	Accretion Expense Including Asset Retirement Obligations AccretionExpenseIncludingAssetRetirementObligations	9000000	usd
CY2023Q1	us-gaap	Accretion Expense Including Asset Retirement Obligations AccretionExpenseIncludingAssetRetirementObligations	6000000	usd
CY2024Q1	us-gaap	Interest And Debt Expense InterestAndDebtExpense	227000000	usd
CY2023Q1	us-gaap	Interest And Debt Expense InterestAndDebtExpense	192000000	usd
CY2024Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-7000000	usd
CY2023Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-25000000	usd
CY2024Q1	psx	Cost And Expenses CostAndExpenses	35472000000	usd
CY2023Q1	psx	Cost And Expenses CostAndExpenses	32438000000	usd
CY2024Q1	us-gaap	Income Loss Including Portion Attributable To Noncontrolling Interest IncomeLossIncludingPortionAttributableToNoncontrollingInterest	964000000	usd
CY2023Q1	us-gaap	Income Loss Including Portion Attributable To Noncontrolling Interest IncomeLossIncludingPortionAttributableToNoncontrollingInterest	2651000000	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	203000000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	574000000	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	761000000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	2077000000	usd
CY2024Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	13000000	usd
CY2023Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	116000000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	748000000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	1961000000	usd
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.74
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	4.21
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.73
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	4.20
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	428959000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	464810000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	431906000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	467034000	shares
CY2024Q1	us-gaap	Profit Loss ProfitLoss	761000000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	2077000000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax	-2000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax	-10000000	usd
CY2024Q1	psx	Other Comprehensive Income Loss Defined Benefit Plan Non Sponsored Plans Reclassification Adjustment From Aoci Before Tax OtherComprehensiveIncomeLossDefinedBenefitPlanNonSponsoredPlansReclassificationAdjustmentFromAOCIBeforeTax	1000000	usd
CY2023Q1	psx	Other Comprehensive Income Loss Defined Benefit Plan Non Sponsored Plans Reclassification Adjustment From Aoci Before Tax OtherComprehensiveIncomeLossDefinedBenefitPlanNonSponsoredPlansReclassificationAdjustmentFromAOCIBeforeTax	3000000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax	-1000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax	-3000000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-2000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-10000000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	-34000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	76000000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	-2000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	-1000000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-32000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	77000000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-30000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	87000000	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	731000000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	2164000000	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	13000000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	116000000	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	718000000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	2048000000	usd
CY2024Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1570000000	usd
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	3323000000	usd
CY2024Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	75000000	usd
CY2023Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	71000000	usd
CY2024Q1	us-gaap	Inventory Net InventoryNet	6286000000	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	3750000000	usd
CY2024Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1316000000	usd
CY2023Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1138000000	usd
CY2024Q1	us-gaap	Assets Current AssetsCurrent	20704000000	usd
CY2023Q4	us-gaap	Assets Current AssetsCurrent	19941000000	usd
CY2024Q1	us-gaap	Long Term Investments And Receivables Net LongTermInvestmentsAndReceivablesNet	15592000000	usd
CY2023Q4	us-gaap	Long Term Investments And Receivables Net LongTermInvestmentsAndReceivablesNet	15302000000	usd
CY2024Q1	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization	35549000000	usd
CY2023Q4	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization	35712000000	usd
CY2024Q1	us-gaap	Goodwill Goodwill	1553000000	usd
CY2023Q4	us-gaap	Goodwill Goodwill	1550000000	usd
CY2024Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	911000000	usd
CY2023Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	920000000	usd
CY2024Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	2090000000	usd
CY2023Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	2076000000	usd
CY2024Q1	us-gaap	Assets Assets	76399000000	usd
CY2023Q4	us-gaap	Assets Assets	75501000000	usd
CY2024Q1	us-gaap	Debt Current DebtCurrent	2325000000	usd
CY2023Q4	us-gaap	Debt Current DebtCurrent	1482000000	usd
CY2024Q1	us-gaap	Taxes Payable Current TaxesPayableCurrent	1087000000	usd
CY2023Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	1200000000	usd
CY2024Q1	psx	Employee Benefit Obligations Current EmployeeBenefitObligationsCurrent	459000000	usd
CY2023Q4	psx	Employee Benefit Obligations Current EmployeeBenefitObligationsCurrent	863000000	usd
CY2024Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	1322000000	usd
CY2023Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	1410000000	usd
CY2024Q1	us-gaap	Liabilities Current LiabilitiesCurrent	17667000000	usd
CY2023Q4	us-gaap	Liabilities Current LiabilitiesCurrent	15856000000	usd
CY2024Q1	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	17829000000	usd
CY2023Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	17877000000	usd
CY2024Q1	psx	Asset Retirement Obligations And Accrued Environmental Cost AssetRetirementObligationsAndAccruedEnvironmentalCost	919000000	usd
CY2023Q4	psx	Asset Retirement Obligations And Accrued Environmental Cost AssetRetirementObligationsAndAccruedEnvironmentalCost	864000000	usd
CY2024Q1	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	7368000000	usd
CY2023Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	7424000000	usd
CY2024Q1	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	613000000	usd
CY2023Q4	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	630000000	usd
CY2024Q1	us-gaap	Deferred Credits And Other Liabilities Noncurrent DeferredCreditsAndOtherLiabilitiesNoncurrent	1210000000	usd
CY2023Q4	us-gaap	Deferred Credits And Other Liabilities Noncurrent DeferredCreditsAndOtherLiabilitiesNoncurrent	1200000000	usd
CY2024Q1	us-gaap	Liabilities Liabilities	45606000000	usd
CY2023Q4	us-gaap	Liabilities Liabilities	43851000000	usd
CY2024Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	2500000000	shares
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	2500000000	shares
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2024Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2024Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	656284691	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	654842101	shares
CY2024Q1	us-gaap	Common Stock Value CommonStockValue	7000000	usd
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	7000000	usd
CY2024Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	19674000000	usd
CY2023Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	19650000000	usd
CY2024Q1	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	232332556	shares
CY2023Q4	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	224377439	shares
CY2024Q1	us-gaap	Treasury Stock Common Value TreasuryStockCommonValue	20489000000	usd
CY2023Q4	us-gaap	Treasury Stock Common Value TreasuryStockCommonValue	19342000000	usd
CY2024Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	30846000000	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	30550000000	usd
CY2024Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-312000000	usd
CY2023Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-282000000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	29726000000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	30583000000	usd
CY2024Q1	us-gaap	Minority Interest MinorityInterest	1067000000	usd
CY2023Q4	us-gaap	Minority Interest MinorityInterest	1067000000	usd
CY2024Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	30793000000	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	31650000000	usd
CY2024Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	76399000000	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	75501000000	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	761000000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	2077000000	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	504000000	usd
CY2023Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	476000000	usd
CY2024Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	165000000	usd
CY2023Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	8000000	usd
CY2024Q1	us-gaap	Accretion Expense Including Asset Retirement Obligations AccretionExpenseIncludingAssetRetirementObligations	9000000	usd
CY2023Q1	us-gaap	Accretion Expense Including Asset Retirement Obligations AccretionExpenseIncludingAssetRetirementObligations	6000000	usd
CY2024Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-55000000	usd
CY2023Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	146000000	usd
CY2024Q1	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	180000000	usd
CY2023Q1	us-gaap	Income Loss From Equity Method Investments Net Of Dividends Or Distributions IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions	242000000	usd
CY2024Q1	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument	-2000000	usd
CY2023Q1	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument	0	usd
CY2024Q1	us-gaap	Gain Loss On Sale Of Other Assets GainLossOnSaleOfOtherAssets	0	usd
CY2023Q1	us-gaap	Gain Loss On Sale Of Other Assets GainLossOnSaleOfOtherAssets	34000000	usd
CY2024Q1	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	6000000	usd
CY2023Q1	us-gaap	Equity Securities Fv Ni Unrealized Gain Loss EquitySecuritiesFvNiUnrealizedGainLoss	-11000000	usd
CY2024Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-11000000	usd
CY2023Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-14000000	usd
CY2024Q1	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	-199000000	usd
CY2023Q1	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	-1663000000	usd
CY2024Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	2555000000	usd
CY2023Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	2003000000	usd
CY2024Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	179000000	usd
CY2023Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-469000000	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	1678000000	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-739000000	usd
CY2024Q1	psx	Increase Decrease In Taxes And Other Accruals IncreaseDecreaseInTaxesAndOtherAccruals	-590000000	usd
CY2023Q1	psx	Increase Decrease In Taxes And Other Accruals IncreaseDecreaseInTaxesAndOtherAccruals	-653000000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-236000000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1199000000	usd
CY2024Q1	psx	Capital Expenditures And Investments CapitalExpendituresAndInvestments	628000000	usd
CY2023Q1	psx	Capital Expenditures And Investments CapitalExpendituresAndInvestments	378000000	usd
CY2024Q1	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	41000000	usd
CY2023Q1	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	60000000	usd
CY2024Q1	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	2000000	usd
CY2023Q1	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	77000000	usd
CY2024Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	80000000	usd
CY2023Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	24000000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-665000000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-265000000	usd
CY2024Q1	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	3815000000	usd
CY2023Q1	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	2488000000	usd
CY2024Q1	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	3013000000	usd
CY2023Q1	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	1223000000	usd
CY2024Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	50000000	usd
CY2023Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	10000000	usd
CY2024Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	1164000000	usd
CY2023Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	800000000	usd
CY2024Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	448000000	usd
CY2023Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	486000000	usd
CY2024Q1	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	13000000	usd
CY2023Q1	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	58000000	usd
CY2024Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-73000000	usd
CY2023Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-48000000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-846000000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-117000000	usd
CY2024Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-6000000	usd
CY2023Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	15000000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-1753000000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	832000000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	3323000000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	6133000000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1570000000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	6965000000	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	31650000000	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	761000000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-30000000	usd
CY2024Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	1.05
CY2024Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	448000000	usd
CY2024Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	1147000000	usd
CY2024Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	13000000	usd
CY2024Q1	psx	Total Adjustments To Equity From Share Based Compensation TotalAdjustmentsToEquityFromShareBasedCompensation	20000000	usd
CY2024Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	30793000000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	34106000000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	2077000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	87000000	usd
CY2023Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	1.05
CY2023Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	486000000	usd
CY2023Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	807000000	usd
CY2023Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	58000000	usd
CY2023Q1	psx	Total Adjustments To Equity From Share Based Compensation TotalAdjustmentsToEquityFromShareBasedCompensation	-3000000	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	34916000000	usd
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	654842101	shares
CY2023Q4	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	224377439	shares
CY2024Q1	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	7955117	shares
CY2024Q1	us-gaap	Stock Issued During Period Shares Share Based Compensation StockIssuedDuringPeriodSharesShareBasedCompensation	1442590	shares
CY2024Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	656284691	shares
CY2024Q1	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	232332556	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	652373645	shares
CY2022Q4	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	186529667	shares
CY2023Q1	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	7874201	shares
CY2023Q1	us-gaap	Stock Issued During Period Shares Share Based Compensation StockIssuedDuringPeriodSharesShareBasedCompensation	892539	shares
CY2023Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	653266184	shares
CY2023Q1	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	194403868	shares
CY2024Q1	us-gaap	Basis Of Accounting BasisOfAccounting	Interim Financial InformationThe unaudited interim financial information presented in the financial statements included in this report is prepared in accordance with generally accepted accounting principles in the United States (GAAP) and includes all known accruals and adjustments necessary, in the opinion of management, for a fair presentation of the consolidated financial position of Phillips 66 and its results of operations and cash flows for the periods presented. Unless otherwise specified, all such adjustments are of a normal and recurring nature. Certain notes and other information have been condensed or omitted from the interim financial statements included in this report. Therefore, these interim financial statements should be read in conjunction with the consolidated financial statements and notes included in our 2023 Annual Report on Form 10-K. The results of operations for the three months ended March 31, 2024, are not necessarily indicative of the results expected for the full year.
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	35811000000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	34396000000	usd
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	35811000000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	34396000000	usd
CY2024Q1	us-gaap	Accounts Receivable Gross AccountsReceivableGross	9592000000	usd
CY2023Q4	us-gaap	Accounts Receivable Gross AccountsReceivableGross	9638000000	usd
CY2024Q1	us-gaap	Contract With Customer Asset Gross ContractWithCustomerAssetGross	546000000	usd
CY2023Q4	us-gaap	Contract With Customer Asset Gross ContractWithCustomerAssetGross	537000000	usd
CY2024Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	162000000	usd
CY2023Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	187000000	usd
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	326000000	usd
CY2024Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	11532000000	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	11730000000	usd
CY2024Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	75000000	usd
CY2023Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	71000000	usd
CY2024Q1	psx	Accounts And Notes Receivable Percent Outstanding Less Than60 Days AccountsAndNotesReceivablePercentOutstandingLessThan60Days	0.95
CY2024Q1	us-gaap	Inventory Crude Oil Products And Merchandise InventoryCrudeOilProductsAndMerchandise	5871000000	usd
CY2023Q4	us-gaap	Inventory Crude Oil Products And Merchandise InventoryCrudeOilProductsAndMerchandise	3330000000	usd
CY2024Q1	us-gaap	Other Inventory Net Of Reserves OtherInventoryNetOfReserves	415000000	usd
CY2023Q4	us-gaap	Other Inventory Net Of Reserves OtherInventoryNetOfReserves	420000000	usd
CY2024Q1	us-gaap	Inventory Net InventoryNet	6286000000	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	3750000000	usd
CY2024Q1	us-gaap	Lifo Inventory Amount LIFOInventoryAmount	5698000000	usd
CY2023Q4	us-gaap	Lifo Inventory Amount LIFOInventoryAmount	3050000000	usd
CY2024Q1	us-gaap	Excess Of Replacement Or Current Costs Over Stated Lifo Value ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue	6300000000	usd
CY2023Q4	us-gaap	Excess Of Replacement Or Current Costs Over Stated Lifo Value ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue	5300000000	usd
CY2024Q1	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization	55052000000	usd
CY2024Q1	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization	19503000000	usd
CY2024Q1	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization	35549000000	usd
CY2023Q4	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization	55192000000	usd
CY2023Q4	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization	19480000000	usd
CY2023Q4	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization	35712000000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	748000000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	748000000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	1961000000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	1961000000	usd
CY2024Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	2000000	usd
CY2024Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	1000000	usd
CY2023Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	3000000	usd
CY2023Q1	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	1000000	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	746000000	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	747000000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1958000000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	1960000000	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	427165000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	428959000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	462870000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	464810000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Shares Contingently Issuable WeightedAverageNumberOfSharesContingentlyIssuable	1794000	shares
CY2024Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	2947000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Contingently Issuable WeightedAverageNumberOfSharesContingentlyIssuable	1940000	shares
CY2023Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	2224000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	428959000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	431906000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	464810000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	467034000	shares
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.74
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.73
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	4.21
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	4.20
CY2024Q1	us-gaap	Accrual For Environmental Loss Contingencies AccrualForEnvironmentalLossContingencies	442000000	usd
CY2023Q4	us-gaap	Accrual For Environmental Loss Contingencies AccrualForEnvironmentalLossContingencies	446000000	usd
CY2024Q1	psx	Accrual For Environmental Loss Contingencies Expected Period To Incur Majority Of Expenditures AccrualForEnvironmentalLossContingenciesExpectedPeriodToIncurMajorityOfExpenditures	P30Y
CY2024Q1	us-gaap	Derivative Asset Fair Value Of Collateral DerivativeAssetFairValueOfCollateral	13000000	usd
CY2023Q4	us-gaap	Derivative Asset Fair Value Of Collateral DerivativeAssetFairValueOfCollateral	7000000	usd
CY2023Q4	psx	Estimated Percentage Of Derivative Contract Volume Expiring Within Twelve Months EstimatedPercentageOfDerivativeContractVolumeExpiringWithinTwelveMonths	0.90
CY2024Q1	psx	Estimated Percentage Of Derivative Contract Volume Expiring Within Twelve Months EstimatedPercentageOfDerivativeContractVolumeExpiringWithinTwelveMonths	0.90
CY2024Q1	psx	Payment Term Of Receivables PaymentTermOfReceivables	P30D
CY2024Q1	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	4937000000	usd
CY2024Q1	us-gaap	Derivative Asset Fair Value Gross Liability DerivativeAssetFairValueGrossLiability	4557000000	usd
CY2024Q1	us-gaap	Derivative Collateral Obligation To Return Securities DerivativeCollateralObligationToReturnSecurities	0	usd
CY2024Q1	psx	Derivative Asset Difference In Carrying Value And Fair Value DerivativeAssetDifferenceInCarryingValueAndFairValue	0	usd
CY2024Q1	psx	Asset Fair Value Amount Offset Against Collateral AssetFairValueAmountOffsetAgainstCollateral	380000000	usd
CY2024Q1	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	24131000000	usd
CY2024Q1	us-gaap	Derivative Liability Fair Value Gross Asset DerivativeLiabilityFairValueGrossAsset	4557000000	usd
CY2024Q1	us-gaap	Derivative Liability Collateral Right To Reclaim Cash Offset DerivativeLiabilityCollateralRightToReclaimCashOffset	171000000	usd
CY2024Q1	psx	Financial And Nonfinancial Liability Difference In Carrying Value And Fair Value FinancialAndNonfinancialLiabilityDifferenceInCarryingValueAndFairValue	584000000	usd
CY2024Q1	psx	Financial And Nonfinancial Liability Fair Value Amount Offset Against Collateral FinancialAndNonfinancialLiabilityFairValueAmountOffsetAgainstCollateral	19987000000	usd
CY2023Q4	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	3395000000	usd
CY2023Q4	us-gaap	Derivative Asset Fair Value Gross Liability DerivativeAssetFairValueGrossLiability	3041000000	usd
CY2023Q4	us-gaap	Derivative Collateral Obligation To Return Securities DerivativeCollateralObligationToReturnSecurities	0	usd
CY2023Q4	psx	Derivative Asset Difference In Carrying Value And Fair Value DerivativeAssetDifferenceInCarryingValueAndFairValue	0	usd
CY2023Q4	psx	Asset Fair Value Amount Offset Against Collateral AssetFairValueAmountOffsetAgainstCollateral	354000000	usd
CY2023Q4	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	21781000000	usd
CY2023Q4	us-gaap	Derivative Liability Fair Value Gross Asset DerivativeLiabilityFairValueGrossAsset	3041000000	usd
CY2023Q4	us-gaap	Derivative Liability Collateral Right To Reclaim Cash Offset DerivativeLiabilityCollateralRightToReclaimCashOffset	18000000	usd
CY2023Q4	psx	Financial And Nonfinancial Liability Difference In Carrying Value And Fair Value FinancialAndNonfinancialLiabilityDifferenceInCarryingValueAndFairValue	408000000	usd
CY2023Q4	psx	Financial And Nonfinancial Liability Fair Value Amount Offset Against Collateral FinancialAndNonfinancialLiabilityFairValueAmountOffsetAgainstCollateral	19130000000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	-31000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	79000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	87000000	usd
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	35811000000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	34396000000	usd
CY2024Q1	us-gaap	Income Loss Including Portion Attributable To Noncontrolling Interest IncomeLossIncludingPortionAttributableToNoncontrollingInterest	964000000	usd
CY2023Q1	us-gaap	Income Loss Including Portion Attributable To Noncontrolling Interest IncomeLossIncludingPortionAttributableToNoncontrollingInterest	2651000000	usd
CY2024Q1	us-gaap	Assets Assets	76399000000	usd
CY2023Q4	us-gaap	Assets Assets	75501000000	usd
CY2024Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.21
CY2023Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.22
CY2023Q1	us-gaap	Restructuring Charges RestructuringCharges	35000000	usd
CY2024Q1	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
0001534701-24-000104-index-headers.html	Edgar Link	pending
0001534701-24-000104-index.html	Edgar Link	pending
0001534701-24-000104.txt	Edgar Link	pending
0001534701-24-000104-xbrl.zip	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
psx-20240331.htm	Edgar Link	pending
psx-20240331.xsd	Edgar Link	pending
psx-2024331_ex22.htm	Edgar Link	pending
psx-2024331_ex311.htm	Edgar Link	pending
psx-2024331_ex312.htm	Edgar Link	pending
psx-2024331_ex32.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
psx-20240331_cal.xml	Edgar Link	unprocessable
psx-20240331_def.xml	Edgar Link	unprocessable
psx-20240331_lab.xml	Edgar Link	unprocessable
psx-20240331_pre.xml	Edgar Link	unprocessable
psx-20240331_htm.xml	Edgar Link	completed
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
R52.htm	Edgar Link	pending
R53.htm	Edgar Link	pending
R54.htm	Edgar Link	pending
R55.htm	Edgar Link	pending
R56.htm	Edgar Link	pending
R57.htm	Edgar Link	pending
R58.htm	Edgar Link	pending
R59.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R60.htm	Edgar Link	pending
R61.htm	Edgar Link	pending
R62.htm	Edgar Link	pending
R63.htm	Edgar Link	pending
R64.htm	Edgar Link	pending
R65.htm	Edgar Link	pending
R66.htm	Edgar Link	pending
R67.htm	Edgar Link	pending
R68.htm	Edgar Link	pending
R69.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R70.htm	Edgar Link	pending
R71.htm	Edgar Link	pending
R72.htm	Edgar Link	pending
R73.htm	Edgar Link	pending
R74.htm	Edgar Link	pending
R75.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$PSX
Phillips 66 Stock $psx

2024 Q1 Form 10-Q Financial Statement

#000153470124000104 Filed on April 29, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PSX Phillips 66 Stock $psx

2024 Q1 Form 10-Q Financial Statement

#000153470124000104 Filed on April 29, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PSX
Phillips 66 Stock $psx