OverviewSuggest Edit

Phillips 66 is an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports, and markets natural gas, and transports, fractionates, and markets natural gas liquids. The Chemicals segment manufactures and markets ethylene and other olefin products, aromatics products, such as benzene, styrene, paraxylene, and cyclohexane, as well as polystyrene and styrene-butadiene copolymers, and various specialty chemical products, including organosulfur chemicals, solvents, catalysts, drilling chemicals, and mining chemicals. The Refining segment buys, sells, and refines crude oil and other feedstocks into petroleum products comprising gasolines, distillates, and aviation fuels at refineries. The M&S segment purchases for resale and markets refined petroleum products consisting of gasolines, distillates, and aviation fuels. It also manufactures and sells specialty products, such as petroleum coke, waxes, solvents, and polypropylene.

TypePublic
Founded1875
HQHouston, TX, US
Websitephillips66.com
Employee Ratings3.8
Overall CultureB-

Latest Updates

Employees (est.) (Dec 2019)14,500(+3%)
Job Openings72
Revenue (FY, 2020)$64.1 B(-40%)
Share Price (Jul 2021)$78.5(-3%)
Cybersecurity ratingBMore

Key People/Management at Phillips 66

Greg C. Garland

Greg C. Garland

Chairman and CEO
Jay D. Churchill

Jay D. Churchill

VP Regional Refineries
Jeff Dietert

Jeff Dietert

Vice President, Investor Relations
David Erfert

David Erfert

Senior Vice President, Health, Safety and Environment (HSE), and Projects
Zhanna Golodryga

Zhanna Golodryga

Senior Vice President, Chief Digital and Administrative Officer
Robert A. Herman

Robert A. Herman

Executive Vice President, Refining
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Phillips 66 Office Locations

Phillips 66 has offices in Houston, Arroyo Grande, Bakersfield, Bartlesville and in 26 other locations
Houston, TX, US (HQ)
2331 CityWest Blvd
Arroyo Grande, CA, US
2555 Willow Rd
Bakersfield, CA, US
4915 Calloway Dr. Ste. 102
Bartlesville, OK, US
US-60 & OK-123
Belle Chasse, LA, US
15551 LA-23
Billings, MT, US
401 S 23rd St
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Phillips 66 Financials and Metrics

Phillips 66 Revenue

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Phillips 66's revenue was reported to be $64.13 b in FY, 2020
USD

Revenue (Q1, 2021)

21.6b

Gross profit (Q1, 2021)

1.6b

Gross profit margin (Q1, 2021), %

7.2%

Net income (Q1, 2021)

(639.0m)

EBIT (Q1, 2021)

(654.0m)

Market capitalization (14-Jul-2021)

34.4b

Closing stock price (14-Jul-2021)

78.5

Cash (31-Mar-2021)

1.4b

EV

48.5b
Phillips 66's current market capitalization is $34.4 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

102.4b111.5b107.3b64.1b

Revenue growth, %

22%9%(4%)

Cost of goods sold

79.4b97.9b95.5b57.7b

Gross profit

25.2b13.5b11.8b6.4b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

23.6b29.0b29.8b23.1b27.8b27.2b20.9b10.9b15.9b21.6b

Cost of goods sold

21.1b46.9b26.4b21.1b24.6b23.8b18.4b9.6b14.5b20.1b

Gross profit

2.5b6.9b3.4b2.0b3.3b3.4b2.4b1.3b1.4b1.6b

Gross profit Margin, %

10%24%11%9%12%13%12%12%9%7%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

3.1b3.0b1.6b2.5b

Accounts Receivable

6.4b5.4b7.4b5.7b

Prepaid Expenses

370.0m474.0m495.0m347.0m

Inventories

3.4b3.5b3.8b3.9b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

842.0m1.9b924.0m1.3b1.8b2.3b1.2b1.9b1.5b1.4b

Accounts Receivable

5.4b6.0b6.8b7.3b6.7b7.1b4.0b4.0b5.2b7.2b

Prepaid Expenses

416.0m621.0m875.0m915.0m656.0m742.0m594.0m621.0m500.0m629.0m

Inventories

4.7b4.9b5.5b5.3b5.1b5.5b5.3b5.1b4.9b4.3b
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

5.2b5.9b3.4b(3.7b)

Depreciation and Amortization

1.3b1.4b1.4b1.4b

Inventories

(176.0m)(202.0m)(204.0m)(71.0m)

Accounts Payable

1.2b(1.5b)1.9b(2.9b)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

585.0m2.0b3.6b270.0m1.8b2.6b(2.4b)(2.5b)(3.2b)(639.0m)

Depreciation and Amortization

336.0m673.0m1.0b331.0m665.0m1.0b342.0m685.0m1.0b356.0m

Inventories

(1.3b)(1.5b)(2.2b)(1.8b)(1.5b)(2.0b)(1.6b)(1.4b)(1.1b)(377.0m)

Accounts Payable

(552.0m)1.3b1.3b2.5b1.4b1.8b(3.2b)(3.1b)(3.0b)2.8b
USDFY, 2017

Revenue/Employee

7.0m

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

2 x
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Phillips 66 Operating Metrics

Q1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019

Crude Oil Charge Input (Atlantic Basin / Europe), Mb/d

366533536543419495465526427519509531

Crude Oil Charge Input (Gulf Coast), Mb/d

668715694758696767656751654757729759

Crude Oil Charge Input (Central Corridor), Mb/d

470465480452458513531524445521517509

Crude Oil Charge Input (West Coast), Mb/d

279366368353340362354316307317351318
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Phillips 66 Acquisitions / Subsidiaries

Company NameDateDeal Size
Spectrum CorporationJune 23, 2014
Tosco CorporationFebruary 12, 2001$7.5 b
Asamera Oil (US) Inc.
Colorado Liberty Pipeline LLC
C.S. Land, Inc.
Douglas Oil Company of California
Gray Oak Holdings LLC
Harrogate Investments Limited
JET Energy Trading GmbH
JET Petroleum Limited
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Phillips 66 Revenue Breakdown

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Phillips 66 revenue breakdown by business segment: 28.8% from Refining , 66.5% from Marketing and Specialties and 4.7% from Other

Phillips 66 revenue breakdown by geographic segment: 77.8% from United States, 9.2% from United Kingdom and 13.0% from Other

Human Capital Metrics

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Phillips 66 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

Phillips 66 Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Phillips 66 Online and Social Media Presence

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Phillips 66 Company Culture

  • Overall Culture

    B-

    68/100

  • CEO Rating

    C

    66/100

  • Compensation

    A+

    85/100

  • Diversity

    B

    70/100

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Phillips 66 News and Updates

Renee Semiz appointed Managing Director of Phillips 66

Renee Semiz has been appointed as Managing Director of Phillips 66 Limited in the UK

Phillips 66 Collaborates With P97 Networks to Enable Google Pay

Phillips 66 has worked with P97 Networks, a leader in cloud-based mobile commerce, to enable Google Pay across their network of 7,000 sites

Phillips 66 Installs New Production Unit to Process Used Cooking Oils Into Renewable Fuels

Phillips 66 (Houston) announced that its Humber Refinery in the U.K. recently welcomed the latest addition to its growing renewable fuels infrastructure: a massive processing unit that will convert used cooking oil into low-carbon fuel

Phillips 66 Crosses Above Key Moving Average Level

In trading on Tuesday, shares of Phillips 66 crossed above their 200 day moving average of $64.28, changing hands as high as $64.31 per share. Phillips 66 shares are currently trading up about 2.3% on the day.

Phillips 66 Reports Third-Quarter 2020 Financial Results

Reported a third-quarter loss of $799 million or $1.82 per share; adjusted loss of $1 million or $0.01 per share

Phillips 66 puts $400,000 toward the safe return of Houston students

Phillips 66 is donating $400,000 to three Houston-area school districts to assist with the safe return to in-person learning for 320,000 students
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Phillips 66 Frequently Asked Questions

  • When was Phillips 66 founded?

    Phillips 66 was founded in 1875.

  • Who are Phillips 66 key executives?

    Phillips 66's key executives are Greg C. Garland, Jay D. Churchill and Jeff Dietert.

  • How many employees does Phillips 66 have?

    Phillips 66 has 14,500 employees.

  • What is Phillips 66 revenue?

    Latest Phillips 66 annual revenue is $64.1 b.

  • What is Phillips 66 revenue per employee?

    Latest Phillips 66 revenue per employee is $4.4 m.

  • Who are Phillips 66 competitors?

    Competitors of Phillips 66 include Boardwalk Pipeline Partners, World Fuel Services and Delek US Holdings.

  • Where is Phillips 66 headquarters?

    Phillips 66 headquarters is located at 2331 CityWest Blvd, Houston.

  • Where are Phillips 66 offices?

    Phillips 66 has offices in Houston, Arroyo Grande, Bakersfield, Bartlesville and in 26 other locations.

  • How many offices does Phillips 66 have?

    Phillips 66 has 30 offices.