Phillips 66
NYSE: PSX · ENERGY · OIL & GAS REFINING & MARKETING
Updated 2026-06-12
Phillips 66 (PSX) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $42.88B | $44.95B | $43.21B | $48.07B | $49.80B | $48.74B | $48.58B | $51.65B | $54.37B | $54.30B | $58.72B | $54.72B | $55.59B | $76.44B | $75.50B | $72.58B | $73.68B |
| Cash & equivalents | $0.00 | — | — | $3.47B | $5.40B | $5.21B | $3.07B | $2.71B | $3.12B | $3.02B | $1.61B | $2.51B | $3.15B | $6.13B | $3.32B | $1.74B | $1.12B |
| Current assets | $11.37B | $14.70B | $13.95B | $17.96B | $19.24B | $16.70B | $12.26B | $12.68B | $14.39B | $13.21B | $14.39B | $13.28B | $14.70B | $21.92B | $19.94B | $17.91B | $17.27B |
| Total liabilities | $15.94B | $18.93B | $19.92B | $27.27B | $27.41B | $26.70B | $24.64B | $27.93B | $26.94B | $27.15B | $31.55B | $33.20B | $33.96B | $42.34B | $43.85B | $44.12B | $43.44B |
| Current liabilities | $9.34B | $12.50B | $12.38B | $12.48B | $12.93B | $11.09B | $7.53B | $9.46B | $10.11B | $8.94B | $11.65B | $9.52B | $12.80B | $15.89B | $15.86B | $15.09B | $13.33B |
| Long-term debt | $0.00 | $388.00M | $361.00M | $6.96B | $6.13B | $7.84B | $8.84B | $9.59B | $10.07B | $11.09B | $11.22B | $14.66B | $12.70B | $16.43B | $17.88B | $18.23B | $18.68B |
| Shareholder equity | $26.92B | $26.00B | $23.26B | $20.77B | $21.95B | $21.59B | $23.10B | $22.39B | $25.09B | $24.65B | $24.91B | $18.98B | $19.17B | $29.49B | $30.58B | $27.41B | $29.09B |
| Retained earnings | $0.00 | — | — | $2.71B | $5.62B | $9.31B | $12.35B | $12.61B | $16.31B | $20.49B | $22.06B | $16.50B | $16.22B | $25.43B | $30.55B | $30.77B | $33.24B |
| Accounts receivable | $6.84B | $10.21B | $10.03B | $10.40B | $9.63B | $7.25B | $5.17B | $6.40B | $7.51B | $6.17B | $8.51B | $6.52B | $7.47B | $10.98B | $11.73B | $11.03B | $9.77B |
| Inventory | $3.84B | $4.11B | $3.47B | $3.43B | $3.35B | $3.40B | $3.48B | $3.15B | $3.40B | $3.54B | $3.78B | $3.89B | $3.39B | $3.28B | $3.75B | $4.00B | $5.10B |
| Goodwill | $3.64B | $3.63B | $3.33B | $3.34B | $3.10B | $3.27B | $3.27B | $3.27B | $3.27B | $3.27B | $3.27B | $1.43B | $1.48B | $1.49B | $1.55B | $1.57B | $1.43B |
Frequently asked questions
What is Phillips 66's revenue?
Phillips 66's trailing twelve-month revenue is $134.49B, and consensus projects about $145.10B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is PSX?
In its most recent fiscal year, PSX ran a gross margin of 4.91%, an operating margin of 2.66%, and a net margin of 3.33%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does PSX generate?
PSX produced $2.73B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is PSX's balance sheet healthy?
PSX holds $1.12B in cash and equivalents against $18.68B in long-term debt, on $29.09B of shareholder equity. That debt is best read against the cash flow the business throws off each year.