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PSX · NYSE

Phillips 66

Oil & Gas Refining & Marketing · United States

USD 267.12-1.0% daily changeQuote 2026-10-06 · USD
Market cap (USD)
US$107.10B
Trailing P/E
15.26x
Forward P/E
10.01x
Quarterly revenue growth
53.1%
Trailing net margin
4.7%
Indicated dividend yield
1.9%

Snapshot 2026-10-06 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-10-28 (provider estimate, not issuer-confirmed).

Company background

Phillips 66 operates as an integrated downstream energy provider in the United States, the United Kingdom, Germany, and internationally. It operates through five segments: Midstream, Chemicals, Refining, Marketing and Specialties (M&S), and Renewable Fuels. The Midstream segment provides crude oil and refined petroleum product transportation, terminaling, and storage services, as well as natural gas and natural gas liquids (NGL) gathering, processing, transportation, fractionation, storage and marketing services. It also exports liquefied petroleum gas. The Chemicals segment produces and markets ethylene and other olefin products; aromatics and styrenics products, such as benzene, cyclohexane, styrene, and polystyrene; various specialty chemical products, including organosulfur chemicals, solvents, catalysts, and chemicals used in drilling and mining; and petrochemicals and plastics. The Refining segment refines crude oil and other feedstocks into petroleum products, such as gasolines and distillates, including aviation fuels. The M&S segment purchases for resale and markets refined products, including gasolines, distillates, and aviation fuels. This segment also manufactures and markets specialty products, such as automotive, commercial, industrial, and specialty lubricants, as well as base oils. The Renewable Fuels segment processes renewable feedstocks into renewable products, as well as supplies sustainable aviation fuel. This segment also procures renewable feedstocks, manages certain regulatory credits, and markets renewable diesel, renewable jet fuel, and other renewable fuels. The company markets its products under the Phillips 66, Conoco and 76, JET, Kendall, Red Line, and other private label brands. Phillips 66 was founded in 1875 and is headquartered in Houston, Texas.

Company website

Q1 2026

Go beyond the headline.

PSX Stock: Q1 2026 Earnings Analysis

Published 2026-05-01

Comparable businesses

PSX peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricPSXPhillips 66Snapshot 2026-10-06Financial period: 2026-06-30MPCMarathon Petroleum CorporationSnapshot 2026-10-06Financial period: 2026-06-30VLOValero Energy CorporationSnapshot 2026-10-06Financial period: 2026-06-30Peer medianSimilar-size peers only
Market capMarket value, converted to USDUS$107.10BUS$120.27BUS$119.41BUS$119.84Bn=2
Forward P/EProvider forward earnings estimate10.01x8.45x9.99x9.22xn=2
EV / EBITDAEnterprise value / trailing EBITDA12.62x10.06x9.53x9.79xn=2
Revenue growthLatest quarter vs prior-year quarter53.1%53.7%51.7%52.7%n=2
Operating marginLatest reported quarter8.5%13.6%12.3%12.9%n=2
Free cash flow yieldTrailing cash flow / market cap4.2%7.7%7.0%7.4%n=2
Net debt / EBITDANet debt / trailing EBITDA1.66x1.72x0.26x0.99xn=2
Debt / equityTotal debt / positive book equity0.63x1.33x0.40x0.87xn=2
Trailing P/ETrailing twelve-month earnings15.26x14.83x17.29x16.06xn=2
Price / bookPrice / positive book equity per share3.38x6.35x4.78x5.56xn=2
EV / salesEnterprise value / trailing revenue0.82x1.00x0.96x0.98xn=2
Earnings growthLatest quarter vs prior-year quarter344.9%348.0%453.5%400.8%n=2
Gross marginTrailing twelve months13.1%12.8%16.1%14.5%n=2
Net marginTrailing twelve months4.7%5.5%5.4%5.5%n=2
Return on equityProvider trailing return; positive equity only23.5%42.1%27.6%34.9%n=2
Free cash flow marginTrailing free cash flow / revenue3.0%6.0%6.4%6.2%n=2
Dividend yieldIndicated annual dividend / price1.9%0.9%1.2%1.0%n=2
Earnings payoutProvider trailing dividend payout28.2%13.5%19.4%16.5%n=2
Current ratioCurrent assets / current liabilities1.32x1.25x1.64x1.44xn=2
BetaProvider historical market sensitivity0.700.540.590.57n=2

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

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Earnings-multiple scenario

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Starting assumptions, when available, use provider forward estimates as of 2026-10-06. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for PSX

All available reporting periods
Q1 20262026-05-01

PSX Stock: Q1 2026 Earnings Analysis

Presentation · 2026-05-01 · YouTube

Reported figures

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