Phillips 66 Gross Profit 2016-2025 | PSX
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What is gross profit?
Gross profit can be defined as revenue minus the cost of goods sold, representing the profit a company makes before deducting operating expenses.
What is Phillips 66's current gross profit?
Phillips 66 (PSX) annual gross profit for 2024 was $13.19B, a 31.70% decline from 2023. Phillips 66 gross profit for the quarter ending September 30, 2025 was $4.30B.
What was Phillips 66's gross profit in 2023?
Phillips 66 annual gross profit for 2023 was $19.31B, a 3.71% decline from 2022.
What was Phillips 66's gross profit in 2022?
Phillips 66 annual gross profit for 2022 was $20.06B, a 113.97% increase from 2021.
What is Phillips 66's 5-year gross profit CAGR?
Phillips 66 gross profit grew at a compound annual growth rate (CAGR) of 2.32% from FY2019 to FY2024, going from $11.76B to $13.19B over 5 years.
Gross Profit History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Declining
CAGR+2.3%
FY2019
$11.76B
→
FY2024
$13.19B
161718192021222324
5 years selected
Gross Profit History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2024 | $13.19B | -31.7% | 10-K |
| FY2023 | $19.31B | -3.7% | 10-K |
| FY2022 | $20.06B | +114.0% | 10-K |
| FY2021 | $9.37B | +46.0% | 10-K |
| FY2020 | $6.42B | -45.4% | 10-K |
| FY2019 | $11.76B | -13.1% | 10-K |
| FY2018 | $13.53B | -41.0% | 10-K |
| FY2017 | $22.95B | +5.2% | 10-K |
| FY2016 | $21.81B | - | 10-K |