Inside the research

Phillips 66

PSX Research profile · latest available data

Price overview

$255.75

▼ -0.12 (-0.0%)

52w hi$274.21
52w lo$123.11
Vol3.32M
As of25 Sep 2026

The Verdict

Buy

Our score +0.93

Short+0.68
Medium+1.11
Long+1.07

computed 2026-09-27

Key fundamentals

Phillips 66

Energy · Oil & Gas Refining & Marketing

Market cap$102.54B
Enterprise value$119.71B
Trailing P/E14.60x
Forward P/E10.27x
EV / EBITDA12.06x
P / S (ttm)0.67x
Profit margin4.7%
Return on equity23.5%
Revenue growth+53.1%
Earnings growth+344.9%
Debt / equity62.88

Layer Breakdown

LayerRawContribution
Fundamental+0.46
Sector+0.09
Technical+0.59
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-09-27

Business overview

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.

United States · www.phillips66.com

Risk Metrics

Beta vs SPX0.68
Corr SPX0.33
Annual vol33.6%
Annual ret+39.5%
Sharpe1.18
Max DD-33.2%

Window: 504 trading days (504 obs)

Analyst Coverage

Mean PT$185.58
High / Low$215.00 / $138.00
Median$190.00
Analysts19
Strong Buy3
Buy7
Hold9
Sell1
Strong Sell0

Recent rating actions

2026-04-24Morgan Stanley→ Overweight
2026-04-22Scotiabank→ Sector Perform
2026-04-09Citigroup→ Neutral
2026-04-08Piper Sandler→ Neutral
2026-04-08Barclays→ Equal-Weight
2026-04-02UBS→ Buy

Officers & Board

DirectorMark Lashier since 2022
DirectorGreg Hayes since 2022
DirectorDoug Terreson since 2021
DirectorDenise Singleton since 2021
DirectorJulie Bushman since 2020
DirectorLisa Davis since 2020
DirectorCharles Holley since 2019
DirectorDenise Ramos since 2016
DirectorGreg Garland since 2012
DirectorGlenn Tilton since 2012
DirectorMarna Whittington since 2012
DirectorGary Adams since 2012
DirectorJohn Lowe since 2012
CEOGreg Garland current

Material Events

DateEvent8-K
2026-08-05Earnings Release, Exhibitsread
2026-05-14Shareholder Voteread
2026-04-29Earnings Release, Exhibitsread
2026-04-06Earnings Release, Exhibitsread
2026-03-18Material Agreement, Material Obligation…read
2026-03-09Officer / Director Changeread
2026-02-04Earnings Release, Exhibitsread
2025-10-29Earnings Release, Exhibitsread
2025-09-30Material Agreement, Material Obligation…read
2025-09-18Other Material Event, Exhibitsread
2025-09-09Other Material Event, Exhibitsread
2025-08-06Other Material Eventread

Insider Trades

DateInsiderRoleActionSharesValue
2026-08-12Harbison Richard GEVP, RefiningSell52.10K$11.66M
2026-08-12Harbison Richard GEVP, RefiningOption exercise23.80K$2.39M
2026-08-12Harbison Richard GEVP, RefiningOption exercise14.80K$1.32M
2026-08-12Harbison Richard GEVP, RefiningOption exercise13.50K$1.01M
2026-08-11Mandell BrianExecutive Vice PresidentSell30.00K$6.45M
2026-08-11Mandell BrianExecutive Vice PresidentOption exercise30.00K$2.24M
2026-08-10Mandell BrianExecutive Vice PresidentOption exercise3.30K$246.51K
2026-08-10Mandell BrianExecutive Vice PresidentSell3.30K$706.27K
2026-08-10Davis Lisa AnnSell1.00K$207.21K
2026-08-10Davis Lisa AnnSell200$41.67K

Flow & Concentration

Insider 180d net-$7.46B
Insider buys / sells1 / 14
Insider biasSellers
13F holders8
Top-5 share98.3%
HHI4,623 (concentrated)

Top Holders

HolderValueShares
State Street Corp$4.40B26.04M
AQR Capital Management$758.95M4.49M
Fidelity / FMR LLC$630.24M3.73M
Capital Research / Capital World$411.62M2.43M
Citadel Advisors$367.39M2.17M
Millennium Management$93.51M553.16K
Bridgewater Associates$21.21M125.49K
T. Rowe Price Group$641.70K3.80M

As of 2026-06-30

Dividends

Yield (TTM)0.97%
$ / share (TTM)$2.47
5y CAGR+5.7%

Annual dividend per share

2021$3.62
2022$3.83
2023$4.20
2024$4.50
2025$4.75
2026$1.27

Federal Contracts

AmountAgencyDescription
$19.92MDepartment of Defense8510033338!DISTILLATE,NAVAL
$19.82MDepartment of Defense8510084684!DISTILLATE,NAVAL
$19.22MDepartment of Defense8511904324!DISTILLATE,NAVAL
$16.30MDepartment of Defense8510190889!TURBINE FUEL,AVIATION
$15.40MDepartment of Defense8509982782!DISTILLATE,NAVAL
$15.40MDepartment of Defense8509936505!DISTILLATE,NAVAL
$14.78MDepartment of Defense8511764552!DISTILLATE,NAVAL
$14.70MDepartment of Defense8510655065!DISTILLATE,NAVAL

SEC Filings

DateFormDoc
2026-08-134view
2026-08-124view
2026-08-114view
2026-08-114view
2026-08-0510-Qview
2026-08-058-Kview
2026-07-214view
2026-07-134view
2026-06-2211-Kview
2026-05-148-Kview
2026-05-124view
2026-05-074view
2026-04-298-Kview
2026-04-2910-Qview
2026-04-068-Kview

The Long Run

FY 2012–2025 · 14 years

LineLatestCAGRTrend
Revenue$132.38B-3.0%
Net income$7.01B+4.5%
Cash from ops$7.03B+3.9%

Indices

S&P 500

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$252.68$257.31$250.09$255.753.32M
Sep 24$258.70$263.45$255.62$255.872.75M
Sep 23$259.15$263.82$250.26$256.484.35M
Sep 22$256.88$264.59$254.57$256.784.18M
Sep 21$269.36$275.97$259.50$261.753.39M

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