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 |
| Vol | 3.32M |
| As of | 25 Sep 2026 |
The Verdict
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/E | 14.60x |
| Forward P/E | 10.27x |
| EV / EBITDA | 12.06x |
| P / S (ttm) | 0.67x |
| Profit margin | 4.7% |
| Return on equity | 23.5% |
| Revenue growth | +53.1% |
| Earnings growth | +344.9% |
| Debt / equity | 62.88 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| 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.
Risk Metrics
| Beta vs SPX | 0.68 |
|---|---|
| Corr SPX | 0.33 |
| Annual vol | 33.6% |
| Annual ret | +39.5% |
| Sharpe | 1.18 |
| 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 |
| Analysts | 19 |
| Strong Buy | 3 | |
|---|---|---|
| Buy | 7 | |
| Hold | 9 | |
| Sell | 1 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-04-24 | Morgan Stanley | → Overweight |
| 2026-04-22 | Scotiabank | → Sector Perform |
| 2026-04-09 | Citigroup | → Neutral |
| 2026-04-08 | Piper Sandler | → Neutral |
| 2026-04-08 | Barclays | → Equal-Weight |
| 2026-04-02 | UBS | → Buy |
Officers & Board
| Director | Mark Lashier since 2022 |
|---|---|
| Director | Greg Hayes since 2022 |
| Director | Doug Terreson since 2021 |
| Director | Denise Singleton since 2021 |
| Director | Julie Bushman since 2020 |
| Director | Lisa Davis since 2020 |
| Director | Charles Holley since 2019 |
| Director | Denise Ramos since 2016 |
| Director | Greg Garland since 2012 |
| Director | Glenn Tilton since 2012 |
| Director | Marna Whittington since 2012 |
| Director | Gary Adams since 2012 |
| Director | John Lowe since 2012 |
| CEO | Greg Garland current |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-05 | Earnings Release, Exhibits | read |
| 2026-05-14 | Shareholder Vote | read |
| 2026-04-29 | Earnings Release, Exhibits | read |
| 2026-04-06 | Earnings Release, Exhibits | read |
| 2026-03-18 | Material Agreement, Material Obligation… | read |
| 2026-03-09 | Officer / Director Change | read |
| 2026-02-04 | Earnings Release, Exhibits | read |
| 2025-10-29 | Earnings Release, Exhibits | read |
| 2025-09-30 | Material Agreement, Material Obligation… | read |
| 2025-09-18 | Other Material Event, Exhibits | read |
| 2025-09-09 | Other Material Event, Exhibits | read |
| 2025-08-06 | Other Material Event | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-12 | Harbison Richard G | EVP, Refining | Sell | 52.10K | $11.66M |
| 2026-08-12 | Harbison Richard G | EVP, Refining | Option exercise | 23.80K | $2.39M |
| 2026-08-12 | Harbison Richard G | EVP, Refining | Option exercise | 14.80K | $1.32M |
| 2026-08-12 | Harbison Richard G | EVP, Refining | Option exercise | 13.50K | $1.01M |
| 2026-08-11 | Mandell Brian | Executive Vice President | Sell | 30.00K | $6.45M |
| 2026-08-11 | Mandell Brian | Executive Vice President | Option exercise | 30.00K | $2.24M |
| 2026-08-10 | Mandell Brian | Executive Vice President | Option exercise | 3.30K | $246.51K |
| 2026-08-10 | Mandell Brian | Executive Vice President | Sell | 3.30K | $706.27K |
| 2026-08-10 | Davis Lisa Ann | Sell | 1.00K | $207.21K | |
| 2026-08-10 | Davis Lisa Ann | Sell | 200 | $41.67K |
Flow & Concentration
| Insider 180d net | -$7.46B |
|---|---|
| Insider buys / sells | 1 / 14 |
| Insider bias | Sellers |
| 13F holders | 8 |
| Top-5 share | 98.3% |
| HHI | 4,623 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $4.40B | 26.04M |
| AQR Capital Management | $758.95M | 4.49M |
| Fidelity / FMR LLC | $630.24M | 3.73M |
| Capital Research / Capital World | $411.62M | 2.43M |
| Citadel Advisors | $367.39M | 2.17M |
| Millennium Management | $93.51M | 553.16K |
| Bridgewater Associates | $21.21M | 125.49K |
| T. Rowe Price Group | $641.70K | 3.80M |
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
| Amount | Agency | Description |
|---|---|---|
| $19.92M | Department of Defense | 8510033338!DISTILLATE,NAVAL |
| $19.82M | Department of Defense | 8510084684!DISTILLATE,NAVAL |
| $19.22M | Department of Defense | 8511904324!DISTILLATE,NAVAL |
| $16.30M | Department of Defense | 8510190889!TURBINE FUEL,AVIATION |
| $15.40M | Department of Defense | 8509982782!DISTILLATE,NAVAL |
| $15.40M | Department of Defense | 8509936505!DISTILLATE,NAVAL |
| $14.78M | Department of Defense | 8511764552!DISTILLATE,NAVAL |
| $14.70M | Department of Defense | 8510655065!DISTILLATE,NAVAL |
SEC Filings
The Long Run
FY 2012–2025 · 14 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $132.38B | -3.0% | |
| Net income | $7.01B | +4.5% | |
| Cash from ops | $7.03B | +3.9% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $252.68 | $257.31 | $250.09 | $255.75 | 3.32M |
| Sep 24 | $258.70 | $263.45 | $255.62 | $255.87 | 2.75M |
| Sep 23 | $259.15 | $263.82 | $250.26 | $256.48 | 4.35M |
| Sep 22 | $256.88 | $264.59 | $254.57 | $256.78 | 4.18M |
| Sep 21 | $269.36 | $275.97 | $259.50 | $261.75 | 3.39M |
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