Phillips 66
Explore Phillips 66
Core profile pages, annual revenue records, and related research hubs for this company.
Phillips 66
Explore Phillips 66
Core profile pages, annual revenue records, and related research hubs for this company.
Business Model Analysis
Annual Revenue: $132.38B
Phillips 66 makes money by refining crude oil into transportation fuels, moving and fractionating natural gas liquids through midstream assets, earning equity income from Chevron Phillips Chemical, and selling fuels, lubricants, and specialty products through marketing channels. Its results depend less on the headline oil price and more on crack spreads, feedstock differentials, utilization, logistics fees, and product demand.
Phillips 66 strategy centers on higher-return assets, refining reliability, midstream growth, CPChem value, cost discipline, portfolio optimization, shareholder returns, and selective low-carbon fuels projects where the economics are durable.
Phillips 66 had about 12,600 employees as of December 31, 2025.
Phillips 66 makes money from refining, midstream logistics, CPChem chemicals exposure, fuel marketing, specialties, and renewable fuels.
Phillips 66 competes with Valero, Marathon Petroleum, ExxonMobil, Chevron, Shell, and midstream and petrochemical peers.
The biggest risk is that weak refining margins, energy-transition pressure, or poor renewable fuels economics reduce returns on capital-intensive assets.