Phillips 66 (PSX): price, analyst ratings, earnings and fundamentals
Updated 16 September 2026, 08:02 ET
Phillips 66 (PSX) closed at $264.93 on 15 September 2026, up 3.1%. The stock is up 13.4% over one month and up 102.6% over one year. It trades 0.7% below its 52-week high of $266.70. Analysts recorded 20 actions in the last 90 days; the median price target of $235 is 11.3% below the last close. The company last reported on 5 August 2026 for Q2 2026: EPS of $9.41 against an estimate of $6.76, a beat of 39.2%, on revenue of $52.0 billion.
Price and performance
Performance figures use dividend and split adjusted closes over trading sessions, so a one-year move compares the last close with the close 252 sessions earlier. The 52-week range uses the adjusted daily highs and lows of the same window. Read the guide: Momentum, trend and technical indicators.
The live chart with technical indicators is in the app: open PSX in FundSpec.
Analyst ratings
Over the last 90 days FundSpec recorded 20 analyst actions on PSX from 11 firms: 19 maintained or reiterated a view and 1 initiation. Price targets were 19 raised. The most recent targets from 13 firms range from $151 to $335, with a median of $235, 11.3% below the last close.
| Date | Firm | Action | Price target |
|---|---|---|---|
| 14 Sep 2026 | Raymond James | Maintains Outperform | $240.00 to $300.00 |
| 14 Sep 2026 | Morgan Stanley | Maintains Overweight | $196.00 to $284.00 |
| 8 Sep 2026 | UBS | Maintains Buy | $235.00 to $300.00 |
| 3 Sep 2026 | Piper Sandler | Maintains Neutral | $209.00 to $264.00 |
| 1 Sep 2026 | Wells Fargo | Maintains Overweight | $239.00 to $335.00 |
| 10 Aug 2026 | Piper Sandler | Maintains Neutral | $208.00 to $209.00 |
| 6 Aug 2026 | TD Cowen | Maintains Buy | $240.00 to $255.00 |
| 6 Aug 2026 | Wells Fargo | Maintains Overweight | $201.00 to $239.00 |
| 6 Aug 2026 | Evercore ISI Group | Maintains Outperform | $200.00 to $220.00 |
| 6 Aug 2026 | Barclays | Maintains Equal-Weight | $183.00 to $216.00 |
A price target is one firm's twelve-month view, and the median across firms is a steadier reading than any single call. Upgrades and downgrades matter more when they change a rating, not only a target. Read the guide: What analyst ratings and price targets actually tell you.
Every action with the firm's history is in Analyst Ratings.
Earnings
The next report is scheduled for 28 October 2026 before the open for Q3 2026, with EPS expected at $10.23 on revenue of $40.5 billion. Phillips 66 beat the EPS estimate in 7 of its last 8 reported quarters.
| Period | Reported | EPS estimate | EPS actual | Surprise | Revenue |
|---|---|---|---|---|---|
| Q2 2026 | 5 Aug 2026 | $6.76 | $9.41 | +39.20% | $52.0B |
| Q1 2026 | 29 Apr 2026 | -$0.42 | $0.49 | +216.67% | $33.0B |
| Q4 2025 | 4 Feb 2026 | $2.14 | $2.47 | +15.42% | $36.3B |
| Q3 2025 | 29 Oct 2025 | $2.11 | $2.52 | +19.43% | $35.0B |
| Q2 2025 | 25 Jul 2025 | $1.68 | $2.38 | +41.67% | $33.5B |
| Q1 2025 | 25 Apr 2025 | -$0.72 | -$0.90 | -25.00% | $31.7B |
| Q4 2024 | 31 Jan 2025 | -$0.23 | -$0.15 | +34.78% | $34.0B |
| Q3 2024 | 29 Oct 2024 | $1.66 | $2.04 | +22.89% | $36.2B |
An earnings surprise is the reported EPS against the consensus estimate on the day. The price reaction depends as much on guidance and on what was already priced in as on the surprise itself. Read the guide: Earnings season: estimates, surprises and price reaction.
Estimates, confirmed dates and alerts for every company are in Earnings.
Fundamentals
For the period ended 30 June 2026, Phillips 66 reported revenue of $51.0 billion and net income of $3.8 billion. On a trailing twelve month basis the company shows revenue growth of 14.44%, a gross margin of 13.10%, an operating margin of 6.53% and a return on equity of 24.05%.
Income statement
| Line | Amount |
|---|---|
| Revenue | $51,004,000,000 |
| Cost of Revenue | $43,664,000,000 |
| Gross Profit | $7,340,000,000 |
| Selling, General & Administrative Expenses | $538,000,000 |
| Depreciation & Amortization | $585,000,000 |
| Interest Expense | $314,000,000 |
| Pre-tax Income | $4,939,000,000 |
| Income Tax Expense | $1,092,000,000 |
| Net Income | $3,847,000,000 |
Cash flow
| Line | Amount |
|---|---|
| Cash from Operating Activities | $7,259,000,000 |
| Cash from Investing Activities | -$738,000,000 |
| Cash from Financing Activities | -$7,547,000,000 |
| Dividends Paid | $508,000,000 |
| Share Repurchases | $379,000,000 |
Assets
| Line | Amount |
|---|---|
| Cash & Cash Equivalents | $4,099,000,000 |
| Accounts & Notes Receivable, Net | $11,717,000,000 |
| Prepaid Expenses | $2,483,000,000 |
| Inventory | $5,922,000,000 |
| Total Current Assets | $24,221,000,000 |
| Operating Lease Right-of-Use Assets | $1,807,000,000 |
| Other Investments | $177,000,000 |
| Goodwill Intangible Assets, Net | $2,388,000,000 |
| Deferred Tax Asset | $1,093,000,000 |
| Other Long-term Assets | $3,205,000,000 |
| Total Assets | $81,810,000,000 |
Liabilities and equity
| Line | Amount |
|---|---|
| Total Short-term Debt | $34,000,000 |
| Operating Lease Liabilities, Current | $574,000,000 |
| Other Current Liabilities | $1,999,000,000 |
| Total Current Liabilities | $18,354,000,000 |
| Long-term Debt | $18,768,000,000 |
| Operating Lease Liabilities, Long-term | $1,296,000,000 |
| Finance Lease Liabilities | $338,000,000 |
| Deferred Income Taxes | $7,448,000,000 |
| Pension Post Retirement Obligation | $592,000,000 |
| Minority Interest | $1,197,000,000 |
| Total Liabilities | $49,107,000,000 |
| Common Stock | $7,000,000 |
| Retained Earnings | $36,270,000,000 |
| Treasury Stock | -$24,578,000,000 |
| Other Accumulated Comprehensive Income | -$256,000,000 |
| Total Stockholders Equity | $31,506,000,000 |
| Total Liability & Stockholders Equity | $81,810,000,000 |
Figures as filed with the SEC for the period ended 30 June 2026, in US dollars.
FundSpec fundamental metrics
Each metric is computed from the company's filings and ranked against every company FundSpec covers; the percentile is the share of covered companies with a lower value.
Liquidity
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Cash Ratio | 0.22 | 47th | Calculated as the ratio of Cash and cash equivalents / Current liabilities. This metric calculates the company's ability to repay its short-term debt |
| Current Ratio | 1.32 | 54th | Calculated as the ratio of Current Assets / Current Liabilities. The higher the current ratio, the more capable the company is of paying its obligations |
| Quick Ratio | 0.86 | 51st | Calculated as the ratio of (Cash + Marketable Securities + Accounts Receivable) / Current Liabilities. The quick ratio is a measure of how well a company can meet its short-term financial liabilities. |
Leverage
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Debt/Assets | 0.23 | 69th | Calculated as the ratio of Short-Term Debt + Long-Term Debt / Total Assets. The higher the ratio, the higher the degree of leverage, and consequently, financial risk |
| Debt/Equity | 0.61 | 65th | Calculated as the ratio of Total Liabilities / Shareholders' Equity. The ratio indicates how much debt a company is using to finance its assets relative to the amount of value represented in shareholders’ equity |
| Degree of Financial Leverage | 1.13 | 69th | Calculated as the ratio of Percentage change in EPS / Percentage change in EBIT. A higher degree of financial leverage means that the company has more volatile EPS. |
| Long Term Debt/Long Term Capital | 0.37 | 48th | Calculated as Long-Term Debt / (Long-Term Debt + Shareholders' Equity). The ratio is an indicator of the company's leverage |
Profitability
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Gross Margin Pct | 13.1% | 15th | Calculated as the ratio of Revenue - Cost of Goods Sold (COGS) / Revenue. The gross margin represents the percent of total sales revenue that the company retains after incurring the direct costs associated with producing the goods and services sold by a company. |
| Operating Margin Pct | 6.5% | 57th | Calculated as the ratio of (Revenue - (Cost of Goods Sold + Labour + Sales, General & Administrative)) / Revenue. Operating margins are important because they measure efficiency. The higher the operating margin, the more profitable a company's core business is. |
| PreTax Margin Pct | 5.8% | 54th | Calculated as the ratio of (Gross profit - (Operating Expense + Interest Expense)) / Revenue. The pretax profit margin enables profitability to be compared across companies with significant differences in size, scale, capital structure and tax rates. |
| Return on Assets Pct | 9.0% | 89th | Calculated as the ratio of Net Income / Total Assets. It is an indicator of how efficient the company is at using its assets to generate earnings. |
| Return on Equity Pct | 24.0% | 89th | Calculated as the ratio of Net Income / Shareholders' equity. It is a measure of how much profit a company generates with the money shareholders have invested. |
| Return on Invested Capital Pct | 16.5% | 85th | Calculated as the ratio of (Net Income - Dividends) / (Debt + Equity). It is a measure of how efficient the company is at allocating the capital under its control to profitable investments. |
Earnings Growth (Net Income)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Net Income Pct Growth | 312.9% | 92nd | The Net Income growth rate over the trailing twelve months (TTM) |
| Net Income Pct Growth 3 year CAGR | -13.4% | 31st | The Net Income compound annual growth rate (CAGR) over the past 3 years |
Cashflow
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Operating Cashflow Pct Growth | 165.5% | 90th | The Operating Cashflow growth rate over the trailing twelve months (TTM) |
| Operating Cashflow Pct Growth 3 year CAGR (FY) | -3.9% | 36th | The Operating Cashflow compound annual growth rate (CAGR) over the past 3 years |
| Operating Cashflow Pct Growth 5 year CAGR (FY) | 23.2% | 86th | The Operating Cashflow compound annual growth rate (CAGR) over the past 5 years |
Top Line Growth
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Revenue Pct Growth | 14.4% | 70th | The Revenue (Sales) growth rate over the trailing twelve months (TTM) |
| Revenue Pct Growth 3 year CAGR | -0.6% | 33rd | The Revenue (Sales) compound annual growth rate (CAGR) over the past 3 years |
| Revenue Pct Growth 5 year CAGR | 13.4% | 70th | The Revenue (Sales) compound annual growth rate (CAGR) over the past 5 years |
Taxes
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Effective Tax Rate Pct | 19.3% | 64th | The effective tax rate of the company over the trailing twelve months (TTM). |
Margins and returns say how much of each dollar of sales becomes profit and how hard the balance sheet is working; leverage and liquidity say how much room the company has when conditions turn. Read the guide: A practical guide to discounted cash flow valuation.
Fair value, peer multiples and the full statement history are in the app: open PSX in FundSpec.
Insider activity
In the last 90 days insiders filed 32 transactions: 9 acquisitions covering 104,255 shares and 23 disposals covering 217,634 shares. Acquisitions include awards and option exercises as well as open market purchases. The largest by value was a disposal of 3,523 shares by Vanessa Allen Sutherland, EVP, GC and Secretary on 21 July 2026, worth about $7.4 billion at the transaction price.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 12 Aug 2026 | Richard G Harbison | EVP, Refining | Disposal | 52,100 | $223.76 | $11.7M |
| 12 Aug 2026 | Richard G Harbison | EVP, Refining | Acquisition | 23,800 | $100.44 | $2.4M |
| 12 Aug 2026 | Richard G Harbison | EVP, Refining | Acquisition | 14,800 | $89.05 | $1.3M |
| 12 Aug 2026 | Richard G Harbison | EVP, Refining | Acquisition | 13,500 | $74.70 | $1.0M |
| 12 Aug 2026 | Richard G Harbison | EVP, Refining | Disposal | 23,800 | ||
| 12 Aug 2026 | Richard G Harbison | EVP, Refining | Disposal | 14,800 | ||
| 12 Aug 2026 | Richard G Harbison | EVP, Refining | Disposal | 13,500 | ||
| 11 Aug 2026 | Brian Mandell | Executive Vice President | Disposal | 30,000 | $215.00 | $6.5M |
| 11 Aug 2026 | Brian Mandell | Executive Vice President | Acquisition | 30,000 | $74.70 | $2.2M |
| 11 Aug 2026 | Brian Mandell | Executive Vice President | Disposal | 30,000 | ||
| 10 Aug 2026 | Brian Mandell | Executive Vice President | Disposal | 3,300 | $214.02 | $706K |
| 10 Aug 2026 | Ann M Kluppel | SVP and Controller | Disposal | 2,100 | $210.63 | $442K |
| 10 Aug 2026 | Ann M Kluppel | SVP and Controller | Disposal | 1,967 | $215.00 | $423K |
| 10 Aug 2026 | Ann M Kluppel | SVP and Controller | Disposal | 1,967 | $212.00 | $417K |
| 10 Aug 2026 | Ann M Kluppel | SVP and Controller | Acquisition | 3,934 | $89.05 | $350K |
Insider filings record what officers and directors did with their own shares. Disposals are often planned sales or tax related, so a pattern across several insiders says more than one filing.
SEC filings
The latest filing is a 10-Q from 5 August 2026.
| Filed | Form | Document |
|---|---|---|
| 5 Aug 2026 | 10-Q | View on sec.gov |
| 29 Apr 2026 | 10-Q | View on sec.gov |
| 20 Feb 2026 | 10-K | View on sec.gov |
| 29 Oct 2025 | 10-Q | View on sec.gov |
| 28 Jul 2025 | 10-Q | View on sec.gov |
| 25 Apr 2025 | 10-Q | View on sec.gov |
| 21 Feb 2025 | 10-K | View on sec.gov |
| 29 Oct 2024 | 10-Q | View on sec.gov |
| 31 Jul 2024 | 10-Q | View on sec.gov |
| 29 Apr 2024 | 10-Q | View on sec.gov |
Company profile
- Exchange
- NYSE
- Sector
- Petroleum Refining
- Industry
- Petroleum And Natural Gas
- Headquarters
- HOUSTON, Texas
- Chief executive
- Mark E. Lashier
- Employees
- 13,000
- Website
- phillips66.com
- SEC CIK
- 0001534701
Phillips 66 operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties. The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market. The Chemicals segment produces and markets ethylene and other olefin products. The Refining segment refines crude oil into petroleum products, such as gasolines, distillates, aviation, and renewable fuels.
Sector and peers
Phillips 66 is part of the Petroleum Refining sector, which FundSpec tracks across 19 companies.
Companies in the same industry by market capitalization:
XOM ExxonMobil Holdings CorpCVX Chevron Corp.COP ConocophillipsBP Bp plcMPC Marathon Petroleum CorpVLO Valero Energy Corp/TxEQNR Equinor AsaSU Suncor Energy Inc.
Put two of them side by side in Compare.
In FundSpec: the fair value estimate, the momentum reading, relative valuation against sector and industry peers, unusual options activity and AI model signals for PSX are available to subscribers, with the same screen in the iOS and Android apps.
Open PSX in FundSpec