Summary
Phillips 66 (PSX) reported a strong financial year for 2025, with net income attributable to Phillips 66 reaching $4.4 billion. This performance was significantly boosted by substantial gains from asset dispositions, including the partial sale of its Germany and Austria retail marketing business and the sale of its investment in Coop Mineraloel AG, contributing a combined before-tax gain of $2.9 billion. The company also saw improved realized refining margins, driven by stronger market crack spreads and robust demand for diesel, along with lower crude oil prices. Strategic priorities for the company focus on maintaining world-class operations, disciplined growth and returns, financial strength, and shareholder returns. Phillips 66 actively managed its portfolio through acquisitions and dispositions, notably completing the acquisition of the remaining 50% interest in WRB Refining LP and the Coastal Bend NGL assets. The company demonstrated commitment to shareholder returns by increasing its quarterly cash dividend and continuing its share repurchase program, signaling confidence in its ongoing financial health and operational execution.
Financial Highlights
48 data points| Revenue | $132.38B |
| Cost of Revenue | $116.09B |
| Gross Profit | $16.28B |
| R&D Expenses | $6.00M |
| SG&A Expenses | $2.44B |
| Operating Income | $4.40B |
| Interest Expense | $997.00M |
| Net Income | $4.40B |
| EPS (Basic) | $10.82 |
| EPS (Diluted) | $10.79 |
| Shares Outstanding (Basic) | 406.01M |
| Shares Outstanding (Diluted) | 408.05M |
Key Highlights
- 1Phillips 66 achieved a net income of $4.4 billion in 2025, a substantial increase driven by significant asset disposition gains and improved refining margins.
- 2The company completed key strategic acquisitions, including the full acquisition of WRB Refining LP and the Coastal Bend NGL assets, strengthening its Midstream and Refining segments.
- 3Significant gains from asset dispositions, totaling $2.9 billion before tax, were recognized from the sale of the Germany and Austria retail marketing business and the Coop Mineraloel AG investment.
- 4Refining segment performance improved due to higher market crack spreads and stronger diesel demand, despite lower crude oil prices.
- 5The company returned capital to shareholders through a $0.07 increase in its quarterly cash dividend and continued share repurchases, totaling $1.2 billion in 2025.
- 6Phillips 66 maintained strong operational performance with a worldwide refining crude oil capacity utilization rate of 94% and a clean product yield of 87%.