Energy · Oil & Gas Refining & Marketing · US stock · price as of 16 Oct 2026
Key indicators
Price
$293.17
52-week range
$123.27 – $297.42
Market cap
$118.0B
P/E (trailing)
16.7×
EV / EBITDA
–
Free-cash-flow yield
7.6%
Dividend yield
1.7%
Revenue (last 12 months)
$152.2B
Revenue growth (3y a year)
−8.0%
Operating margin
–
Return on invested capital
–
Net debt / EBITDA
–
Fair value
Blended fair value$314.05 book-value models
Versus priceFair+7% to fair value
Peer multiples
$314.05
Model uncertainty
High
X-Ray Score
50/ 100 · Low confidence · ahead of 50% of sector peers
Valuation56
Growth32
Profitability29
Financial health85
Dividends55
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Phillips 66 is an energy manufacturing and logistics company. It refines crude oil into gasoline, diesel and jet fuel, operates pipelines and terminals, makes chemicals through a joint venture, and markets fuels and lubricants. Revenue comes from selling refined products and chemicals and from transportation fees, so earnings depend on the gap between crude costs and product prices, known as the refining margin.
Over the last twelve months Phillips 66 reported revenue of $152.2 billion, which fell 8.0% a year over the past three years. Shareholders receive a dividend, yielding 1.7%. These readings summarise reported results and do not forecast future performance. The figures describe past results only and are drawn from the latest reported period.
StocksXray gives Phillips 66 an X-Ray Score of 50 out of 100 (low confidence), ahead of 50% of the S&P 500 stocks in its sector. Its strongest lens is financial health (85) and its weakest is profitability (29).
Our fair value blend is $314.05. At $293.17 the stock trades 7% below that blend, so the label is "Fair" with high model uncertainty. Fair value is a range, not a price target.
XStocksXray
Phillips 66 (PSX)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$61.14
$91.46
$121.71
$107.56
$126.39
$293.17
Market cap
$26.9B
$43.3B
$55.2B
$45.4B
$51.6B
$118.0B
P/E
20.6×
3.9×
7.9×
21.6×
11.7×
16.7×
EV / revenue
0.4×
0.3×
0.5×
0.5×
0.5×
0.9×
EV / EBITDA
–
–
–
–
–
–
Price / free cash flow
4.5×
4.0×
7.8×
10.8×
10.4×
13.2×
Free-cash-flow yield
22.3%
25.0%
12.7%
9.2%
9.6%
7.6%
Price / book
1.4×
1.5×
1.8×
1.7×
1.8×
3.7×
Dividend yield
5.92%
4.19%
3.45%
4.18%
3.76%
1.71%
Fundamentals checklist ● 1 Good · ● 6 Average · ● 1 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−2.2%Bad
Risk models
Piotroski F-Score8 of 9Good
Growth
EPS growth (3y)−22.6%Average
Revenue growth (3y)−8.0%Average
Growth consistency50%Average
Balance sheet
Current ratio1.3×Average
Valuation
Fair value vs price1.1×Average
Profitability
Gross profitability24.4%Average
XStocksXray
Phillips 66 (PSX)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
111,476
169,990
147,399
143,153
132,376
152,167
Gross profit
9,374
20,058
19,313
13,191
16,283
19,931
Operating income
–
–
–
–
–
–
Net income
1,317
11,024
7,015
2,117
4,403
7,093
Diluted EPS ($)
2.97
23.27
15.48
4.99
10.79
17.52
Free cash flow
6,017
10,813
7,029
4,191
4,962
8,925
Gross margin
8.4%
11.8%
13.1%
9.2%
12.3%
13.1%
Operating margin
–
–
–
–
–
–
Net margin
1.2%
6.5%
4.8%
1.5%
3.3%
4.7%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
55,594
76,442
75,501
72,582
73,680
81,810
Cash
3,147
6,133
3,323
1,738
1,116
4,099
Total debt
14,448
17,190
19,359
20,062
19,716
20,565
Equity
19,166
29,494
30,583
27,408
29,093
31,506
Dividend per share ($)
3.62
3.83
4.20
4.50
4.75
4.94
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.