olivLaw · US equity research
Phillips 66 PSX
Petroleum Refining · SIC 2911 · Vertical: Petroleum Refining (SIC 2911)
Phillips 66 is an integrated downstream energy company operating in Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels. It reported earnings of 3.8 billion dollars in the second quarter of 2026 and keeps reducing debt, which matters now for investors and for its financial flexibility.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Phillips 66 (PSX) stock was 259.63 USD (−4.53% on the day), with market capitalisation 101.3 bn USD, P/E 8.3 on diluted EPS of 31.25 USD over the last 12 months, dividend yield 1.93%, beta 0.64, 52-week range 127.75–297.29 USD. Latest reported quarter (Q3 2026): revenue of 50.5 bn USD (+46.4% YoY), net income of 5.6 bn USD (+4,122.6% YoY), diluted EPS 14.08 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 39.8
- weak (30–45)
- Bollinger (20, 2)
- 263.48 – 301.25
- below the lower band · %B -0.10 · band width 13.4%
- SMA 50 / 200
- 267.95 / 200.86
- mixed trend
- MACD (12, 26, 9)
- 0.86 / 4.44
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −3.7% | −1.1% | −2.6 pp | — |
| 3 months | +28.2% | −0.5% | +28.6 pp | — |
| 6 months | +51.2% | +4.4% | +46.8 pp | — |
| Year to date | +101.2% | +12.3% | +88.9 pp | — |
| 1 year | +91.3% | +13.5% | +77.7 pp | +54.4% |
| 3 years | +122.3% | +76.4% | +45.9 pp | +126.3% |
| 5 years | +233.8% | +63.7% | +170.2 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 33.7 bn | 30.4 bn | 33.3 bn | 34.5 bn | 34.1 bn | 32.5 bn | 51.0 bn | 50.5 bn |
| Cost of revenue | 30.8 bn | 27.7 bn | 29.1 bn | 30.2 bn | 29.1 bn | 29.2 bn | 43.7 bn | 40.8 bn |
| SG&A | 511.0 m | 519.0 m | 582.0 m | 792.0 m | 544.0 m | 537.0 m | 538.0 m | 625.0 m |
| Depreciation & amortisation | 819.0 m | 791.0 m | 816.0 m | 826.0 m | 818.0 m | 558.0 m | 585.0 m | 591.0 m |
| Interest expense | 220.0 m | 221.0 m | 264.0 m | 259.0 m | 295.0 m | 286.0 m | 314.0 m | 243.0 m |
| Income tax | -38.0 m | 122.0 m | 212.0 m | 32.0 m | 526.0 m | 41.0 m | 1.1 bn | 1.5 bn |
| Net income | 8.0 m | 487.0 m | 877.0 m | 133.0 m | 2.9 bn | 207.0 m | 3.8 bn | 5.6 bn |
| Diluted EPS | 0.02 ≈ | 1.18 | 2.15 | 0.32 | 7.11 ≈ | 0.51 | 9.55 | 14.08 |
| Operating cash flow | 1.2 bn | 187.0 m | 845.0 m ≈ | 1.2 bn ≈ | 2.8 bn | -2.3 bn | 7.3 bn ≈ | 7.3 bn ≈ |
| Dividends paid | 472.0 m | 469.0 m | 487.0 m ≈ | 484.0 m ≈ | 482.0 m | 509.0 m | 508.0 m ≈ | 504.0 m ≈ |
| Share repurchases | 647.0 m | 247.0 m | 419.0 m ≈ | 267.0 m ≈ | 274.0 m | 269.0 m | 379.0 m ≈ | 2.3 bn ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 24 percentile of its own 38-quarter history (min 3.7, median 12.1, max 78.9; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 111.5 bn | 107.3 bn | 64.1 bn | 111.5 bn | 170.0 bn | 147.4 bn | 143.2 bn | 132.4 bn |
| Revenue YoY | +8.9% | −3.7% | −40.2% | +73.8% | +52.5% | −13.3% | −2.9% | −7.5% |
| Net income | 5.6 bn | 3.1 bn | -4.0 bn | 1.3 bn | 11.0 bn | 7.0 bn | 2.1 bn | 4.4 bn |
| Net income YoY | +9.6% | −45.0% | −229.2% | unavailable | +737.1% | −36.4% | −69.8% | +108.0% |
| Diluted EPS | 11.80 | 6.77 | -9.06 | 2.97 | 23.27 | 15.48 | 4.99 | 10.79 |
| Diluted EPS YoY | +19.8% | −42.6% | −233.8% | unavailable | +683.5% | −33.5% | −67.8% | +116.2% |
| net % | 5.0% | 2.9% | -6.2% | 1.2% | 6.5% | 4.8% | 1.5% | 3.3% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 1.1 bn USD
- Financial debt
- 1.0 bn USD
- Net debt
- -78.0 m USD
- Equity
- 30.2 bn USD
- Total assets
- 73.7 bn USD
- Debt / equity
- 0.03x
- Current ratio
- 1.30x
- ROE
- 15.0%
- ROA
- 6.0%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 64.1 bn | 111.5 bn | 170.0 bn | 147.4 bn | 143.2 bn | 132.4 bn | SEC (XBRL)· 20 Feb 2026verified |
| Cost of revenue | 57.7 bn | 102.1 bn | 149.9 bn | 128.1 bn | 130.0 bn | 116.1 bn | SEC (XBRL)· 20 Feb 2026verified |
| Gross profit | 6.4 bn ≈ | 9.4 bn ≈ | 20.1 bn ≈ | 19.3 bn ≈ | 13.2 bn ≈ | 16.3 bn ≈ | SEC (XBRL)· 20 Feb 2026derived |
| Research & development | 48.0 m | 47.0 m | 42.0 m | 27.0 m | 15.0 m | 6.0 m | SEC (XBRL)· 20 Feb 2026verified |
| SG&A | 1.5 bn | 1.7 bn | 2.2 bn | 2.5 bn | 2.8 bn | 2.4 bn | SEC (XBRL)· 20 Feb 2026verified |
| Depreciation & amortisation | 1.4 bn | 1.6 bn | 1.6 bn | 2.0 bn | 2.4 bn | 3.3 bn | SEC (XBRL)· 20 Feb 2026verified |
| Interest expense | 499.0 m | 581.0 m | 619.0 m | 897.0 m | 907.0 m | 997.0 m | SEC (XBRL)· 20 Feb 2026verified |
| Pre-tax income | -5.0 bn | — | — | — | — | — | SEC (XBRL)· 24 Feb 2021verified |
| Income tax | -1.3 bn | 146.0 m | 3.2 bn | 2.2 bn | 500.0 m | 892.0 m | SEC (XBRL)· 20 Feb 2026verified |
| Net income | -4.0 bn | 1.3 bn | 11.0 bn | 7.0 bn | 2.1 bn | 4.4 bn | SEC (XBRL)· 20 Feb 2026verified |
| Diluted EPS | -9.06 | 2.97 | 23.27 | 15.48 | 4.99 | 10.79 | SEC (XBRL)· 20 Feb 2026verified |
| Weighted average diluted shares | 439.5 m | 440.4 m | 473.7 m | 453.2 m | 421.9 m | 408.1 m | SEC (XBRL)· 20 Feb 2026verified |
| Dividend per share | 3.60 | 3.62 | 3.83 | 4.20 | 4.50 | 4.75 | SEC (XBRL)· 20 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 2.5 bn | 3.1 bn | 6.1 bn | 3.3 bn | 1.7 bn | 1.1 bn | SEC (XBRL)· 20 Feb 2026verified |
| Receivables | 6.5 bn | 7.5 bn | 11.0 bn | 11.7 bn | 11.0 bn | 9.8 bn | SEC (XBRL)· 20 Feb 2026verified |
| Inventories | 3.9 bn | 3.4 bn | 3.3 bn | 3.8 bn | 4.0 bn | 5.1 bn | SEC (XBRL)· 20 Feb 2026verified |
| Current assets | 13.3 bn | 14.7 bn | 21.9 bn | 19.9 bn | 17.9 bn | 17.3 bn | SEC (XBRL)· 20 Feb 2026verified |
| Goodwill | 1.4 bn | 1.5 bn | 1.5 bn | 1.6 bn | 1.6 bn | 1.4 bn | SEC (XBRL)· 20 Feb 2026verified |
| Intangibles (excl. goodwill) | 843.0 m | 813.0 m | 831.0 m | 920.0 m | 1.2 bn | 978.0 m | SEC (XBRL)· 20 Feb 2026verified |
| Total assets | 54.7 bn | 55.6 bn | 76.4 bn | 75.5 bn | 72.6 bn | 73.7 bn | SEC (XBRL)· 20 Feb 2026verified |
| Accounts payable | 5.2 bn | 7.6 bn | 10.7 bn | — | — | — | SEC (XBRL)· 22 Feb 2023verified |
| Short-term debt | 987.0 m | 1.5 bn | 529.0 m | 1.5 bn | 1.8 bn | 1.0 bn | SEC (XBRL)· 20 Feb 2026verified |
| Current liabilities | 9.5 bn | 12.8 bn | 15.9 bn | 15.9 bn | 15.1 bn | 13.3 bn | SEC (XBRL)· 20 Feb 2026verified |
| Total liabilities | 33.2 bn | 34.0 bn | 42.3 bn | 43.9 bn | 44.1 bn | 43.4 bn | SEC (XBRL)· 20 Feb 2026verified |
| Equity | 21.5 bn | 21.6 bn | 34.1 bn | 31.7 bn | 28.5 bn | 30.2 bn | SEC (XBRL)· 20 Feb 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 2.1 bn | 6.0 bn | 10.8 bn | 7.0 bn | 4.2 bn | 5.0 bn | SEC (XBRL)· 20 Feb 2026verified |
| Investing cash flow | -3.1 bn | -1.9 bn | -1.5 bn | -1.8 bn | -2.5 bn | -2.1 bn | SEC (XBRL)· 20 Feb 2026verified |
| Financing cash flow | 1.8 bn | -3.5 bn | -6.4 bn | -8.1 bn | -3.3 bn | -3.5 bn | SEC (XBRL)· 20 Feb 2026verified |
| Dividends paid | 1.6 bn | 1.6 bn | 1.8 bn | 1.9 bn | 1.9 bn | 1.9 bn | SEC (XBRL)· 20 Feb 2026verified |
| Share repurchases | 443.0 m | 0 | 1.5 bn | 4.0 bn | 3.5 bn | 1.2 bn | SEC (XBRL)· 20 Feb 2026verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- score weight coverage: 43.8% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 101.3 bn USD
Key indicators
Coverage and freshness
Score by group
44% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 252.36 – 587.24 USD.
Methods computed but outside the aggregate range: Dividend discount (DDM) (a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate).
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E252.36 – 587.24 (Mid 411.37)4 companies used · median multiple 13.2x · quartiles 8.1x – 18.8xCOP, CVX, MPC, VLO
- Dividend discount (DDM)outside the aggregate62.42 – 83.94 (Mid 71.60)a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 43.8% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 7.5% | 0 (vs peers) | 14% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -8.0% | 0 (on a fixed band) | 19% |
| EPS CAGR 3Y · Growth | -22.6% | 0 (on a fixed band) | 19% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.3x | 45 (on a fixed band) | 10% |
| P/E (TTM) · Valuation | 8.3x | 99 (on a fixed band) | 24% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 5.1% | 73 (on a fixed band) | 14% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial45/100 · 1/3 factors with a value
- Growth0/100 · 2/2 factors with a value
- Quality· partial0/100 · 1/3 factors with a value
- Returns· partial73/100 · 1/2 factors with a value
- Valuation· partial99/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Phillips 66 (PSX). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 132.4 bn USD in 2025; YoY growth -7.5%; net margin 7.5%; ROE 41.1%.
The estimated value range is 252.36–587.24 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 411.37 USD, the price of 259.63 USD leaves a potential of 58.4% (value / price − 1) and a margin of safety of 36.9% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 43.8% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- P/E (TTM): 8.3x
- Shareholder yield (distributions): 5.1%
What contradicts it
- Net margin: 7.5%
- Revenue CAGR 3Y: -8.0%
- EPS CAGR 3Y: -22.6%
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Net debt / EBITDA, Interest coverage, EV/EBITDA, FCF yield, Payout ratio (FCF).
Versus the vertical median
Petroleum Refining (SIC 2911) · same industry (4-digit SIC) · compared with 5 companies
Only companies with a capitalisation between 14.2 bn and 908.6 bn (within 8× of the company's); 12 of the vertical were left out.
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| CVXChevron Corp | 428.7 bn | 20.8 | 12.2% | 9.6% | −6.8% | +44% / +51% |
| COPConocoPhillips | 164.5 bn | 18.1 | 14.2% | 14.7% | +7.7% | +54% / +18% |
| MPCMarathon Petroleum Corporation | 106.9 bn | 7.7 | 72.6% | 8.4% | −4.4% | +103% / +163% |
| VLOValero Energy Corp | 101.9 bn | 8.2 | 50.1% | 8.4% | −5.5% | +107% / +191% |
| PSXPhillips 66 | 101.3 bn | 8.3 | 41.1% | 7.5% | −7.5% | +91% / +122% |
| IMOImperial Oil Limited | — | — | 25.2% | 10.9% | −8.6% | +29% / +126% |
1- and 3-year price returns: for PSX from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 143.20 Total return -43% · Per year -43% | 254.44 Total return -0% · Per year -0% | 385.01 Total return 51% · Per year 51% |
| 3 years | 113.70 Total return -52% · Per year -22% | 229.63 Total return -6% · Per year -2% | 385.01 Total return 55% · Per year 16% |
| 5 years | 90.29 Total return -60% · Per year -17% | 207.24 Total return -12% · Per year -2% | 385.01 Total return 60% · Per year 10% |
- Exit P/E± 57.41
- Net margin± 40.19
- Annual revenue growth± 36.29
- Annual dilution± 3.38
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 05 Aug 2026; since then the company filed 10-Q (28 Oct 2026), 8-K (28 Oct 2026 · results).
In brief
Phillips 66 is an integrated downstream energy company operating in Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels. It reported earnings of 3.8 billion dollars in the second quarter of 2026 and keeps reducing debt, which matters now for investors and for its financial flexibility 23.
SWOT
Strengths
- An integrated operation across the value chain, from transport to retail, which provides more stability.
- High refinery utilization and a strong clean product yield in the recent quarter.
- Rapid debt reduction and a policy of returning capital to shareholders.
Weaknesses
- Margins are cyclical and depend on factors outside the company's control.
- Losses in certain segments, such as Refining and Renewable Fuels, in earlier periods.
- Dependence on buying all feedstocks, since the company produces no crude oil itself.
Opportunities
- Expansion of the Midstream and NGL businesses, where the company targets organic growth.
- Completion of the Chemicals projects in 2027 could add new volumes.
- Full integration of WRB Refining could strengthen the position in the Central Corridor region.
Threats
- Geopolitical conflicts can cause severe volatility in energy prices.
- Changes in renewable fuel policy could reduce the revenues of the dedicated segment.
- Oversupply in the chemical industry could compress margins for plastics products.
Risks
- Margin cyclicalityhigh
The spread between product and feedstock prices is volatile and could significantly reduce profits and cash flow.
- Operational interruptionsmedium
Planned and unplanned shutdowns, incidents and weather could affect production and deliveries.
- Reliance on third-party transportmedium
Disruptions in transporting crude and products could cause supply shortfalls or added costs.
- Renewable fuel policymedium
Changes to rules and incentives for renewable fuels could negatively affect that segment.
- Joint venture riskslow
Partners may have different interests, and the company could be required to meet obligations alone.
Investment thesis
What would need to be true (bull case)
- If refining margins stay high and the company keeps reducing debt, cash flow could support dividends and share buybacks.
- The Midstream segment, with largely fee-based revenue, could provide stability during periods of volatility.
- Completion of petrochemical projects and refinery integration could open new sources of growth.
What would break the thesis
- If energy prices fall or margins narrow, results could return to weak levels, as has happened in the past.
- The Renewable Fuels segment depends on public policies that can change, adding uncertainty.
- Oversupply in petrochemicals could keep margins under pressure for an extended period.
What to watch
- Trend in realized refining margin and capacity utilizationQ3 2026
- Progress on debt reduction toward the end-2027 target2027
- Completion of the CPChem Golden Triangle and Ras Laffan projects2027
- Regulatory changes on renewable fuels disclosed in the next annual reportnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 05 Aug 2026; since then the company filed 10-Q (28 Oct 2026), 8-K (28 Oct 2026 · results).
The business
Phillips 66 converts crude oil, natural gas liquids and renewable feedstocks into refined, petrochemical, plastics and renewable fuel products and markets them. Total assets were 73.7 billion dollars at December 31, 2025 and 81.8 billion dollars at June 30, 2026 12. The company aims to grow its Midstream and Chemicals businesses through disciplined investment and full integration of its natural gas liquids value chain 1.
The company organizes its work into five segments, from gas transport and processing to refining and retail sales. The Chemicals segment consists of a 50 percent equity stake in Chevron Phillips Chemical Company LLC, and in 2025 the company completed the acquisition of the remaining interest in WRB Refining LP 13.
The strategy through the end of 2027 emphasizes world-class operations, disciplined growth, financial strength and shareholder returns. The company targets returning more than half of operating cash flow, excluding working capital, to shareholders 12.
Segments
Refining
The Refining segment is driven by crack spreads, refinery throughput and product yields. Crude capacity utilization was 96 percent in the second quarter of 2026 3.
Chemicals
The Chemicals segment is the 50 percent stake in CPChem, where margins depend on supply, demand and costs. The Golden Triangle Polymers and Ras Laffan projects are expected to be fully operational in 2027 3.
Market context
Trends
- Commodity price volatilitymixed
Margins are cyclical and depend on crude, gas and NGL prices, which are shaped by OPEC decisions and geopolitical conflicts. If disruptions persist, results could continue to be affected 12.
- Debt reductiontailwind
The company has cut its debt substantially and aims to reduce it further, which could strengthen its financial flexibility 23.
- Renewable fuel policyheadwind
Regulatory changes to renewable fuel standards and tax credits could alter the results of the Renewable Fuels segment 1.
Competitive position
The company competes in refining, petrochemicals and distribution with other large integrated energy players, where margins depend on supply and demand. Competition is intense in Chemicals, where products are commodities and differentiation is limited 1.
- Chevron Phillips Chemical Company LLC
A joint venture in the Chemicals segment in which the company holds a 50 percent stake; it also competes in petrochemical markets.
- Integrated refining operators
Other integrated energy companies compete for the same refining and distribution markets.
- Petrochemical and plastics producers
Producers of polyethylene and other plastics compete in the same commodity markets.
- Renewable fuel producers
Other renewable fuel producers compete for feedstocks and for regulatory credits.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- США экстренно высвободят 400 тыс. баррелей нефти из SPR для НПЗ Phillips 66 в ЛуизианеInterfax Russia (RU) · 23 Oct 2026 · RU
- Phillips 66 Is Minting Money on $102 Diesel Margins. How Long Can It Last?Yahoo Finance — News · 21 Sept 2026 · EN
- BMO Sees Phillips 66 (PSX) Breaking into New HighsYahoo Finance — News · 20 Sept 2026 · EN
- UBS Sees Phillips 66 (PSX) Blazing Past its Record HighYahoo Finance — News · 20 Sept 2026 · EN
- Vitol și Phillips 66 prevăd o iarnă dificilă pe piața motorineiFinancial Intelligence (RO) · 09 Sept 2026 · RO
- How Is Phillips 66's Stock Performance Compared to Other Oil Refiners Stocks?Yahoo Finance — News · 07 Sept 2026 · EN
- Is Phillips 66 (PSX) Still a Buy After its Massive 2026 Rally?Yahoo Finance — News · 26 Aug 2026 · EN
- Can Phillips 66, Marathon, or Valero Afford Delek US Holdings Now?Yahoo Finance — News · 24 Aug 2026 · EN
- Phillips 66 Expects Soaring Fuel Margins to Last Into 2027Bloomberg Markets · 05 Aug 2026 · EN
The latest news item in our archive is from 23 Oct 2026; the newest SEC filing is from 28 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Quarterly report28 Oct 2026
- Current report28 Oct 2026Results of operations · Financial statements and exhibits
- Current report05 Oct 2026Departure or appointment of officers
- Current report21 Aug 2026Material agreement · Creation of a direct financial obligation · Financial statements and exhibits
- Quarterly report05 Aug 2026
- Current report05 Aug 2026Results of operations · Financial statements and exhibits
- Current report14 May 2026Shareholder vote
- Quarterly report29 Apr 2026
- Current report29 Apr 2026Results of operations · Financial statements and exhibits
- Current report06 Apr 2026Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Phillips 66 · 20 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Phillips 66 · 05 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Phillips 66 · 05 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.