← Phillips 66

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Accounts and notes receivable (net of allowances of $68 million in 2025 and $70 million in 2024) $5.5b $6.4b $5.4b $7.4b $5.7b $6.1b $9.5b $11.7b $11.0b $9.8b
Cash and Cash Equivalents, at Carrying Value $2.7b $3.1b $3.0b $1.6b $2.5b $3.1b $6.1b $3.3b $1.7b $1.1b
Cash and cash equivalents $2.7b $3.1b $3.0b $1.6b $2.5b $3.1b $6.1b $3.3b $1.7b $1.1b
Investments and long-term receivables $13.5b $13.9b $14.4b $14.6b $13.6b $14.5b $14.9b $15.3b $14.4b $11.9b
Prepaid Expense and Other Assets, Current $422.0m $370.0m $474.0m $495.0m $347.0m $686.0m $1.5b $1.1b $1.1b $1.3b
Prepaid expenses and other current assets $422.0m $370.0m $474.0m $495.0m $347.0m $686.0m $1.5b $1.1b $1.1b $1.3b
Inventory, Net $3.1b $3.4b $3.5b $3.8b $3.9b $3.4b $3.3b $3.8b $4.0b $5.1b
Assets, Current $12.7b $14.4b $13.2b $14.4b $13.3b $14.7b $21.9b $19.9b $17.9b $17.3b
Total Current Assets $12.7b $14.4b $13.2b $14.4b $13.3b $14.7b $21.9b $19.9b $17.9b $17.3b
Property, Plant and Equipment, Net $20.9b $21.5b $22.0b — — — — — — —
Goodwill $3.3b $3.3b $3.3b $3.3b $1.4b $1.5b $1.5b $1.6b $1.6b $1.4b
Intangible Assets, Net (Excluding Goodwill) $888.0m $876.0m $869.0m $869.0m $843.0m $813.0m $831.0m $920.0m $1.2b $978.0m
Intangibles $888.0m $876.0m $869.0m $869.0m $843.0m $813.0m $831.0m $920.0m $1.2b $978.0m
Operating Lease, Right-of-Use Asset — — — $1.3b $1.2b $1.1b $995.0m $1.1b $1.3b $1.8b
Other Assets, Noncurrent $426.0m $434.0m $515.0m $1.8b $1.8b $1.7b $2.1b $2.1b $2.3b $3.0b
Other assets $426.0m $434.0m $515.0m $1.8b $1.8b $1.7b $2.1b $2.1b $2.3b $3.0b
Additional Financial Items
Accounts Receivable, after Allowance for Credit Loss, Current — — $5.0b $6.9b $6.5b $7.5b $11.0b $11.7b $11.0b $9.8b
Capital in excess of par $19.6b $19.8b $19.9b $20.3b $20.4b $20.5b $19.8b $19.6b $19.8b $19.9b
Deferred income taxes $6.7b $5.0b $5.3b $5.6b $5.6b $5.5b $6.7b $7.4b $7.1b $7.3b
Employee benefit obligations $1.2b $884.0m $867.0m $1.0b $1.3b $1.1b $937.0m $630.0m $703.0m $573.0m
Net properties, plants and equipment $20.9b $21.5b $22.0b $23.8b $23.7b $22.4b $35.2b $35.7b $35.3b $39.1b
Other accruals $520.0m $455.0m $442.0m $835.0m $1.1b $959.0m $1.9b $1.4b $1.2b $1.4b
Other liabilities and deferred credits $263.0m $234.0m $355.0m $1.5b $1.1b $940.0m $1.3b $1.2b $1.9b $2.5b
Total Equity $23.7b $27.4b $27.2b $27.2b $21.5b $21.6b $34.1b $31.6b $28.5b $30.2b
Total Stockholders’ Equity $22.4b $25.1b $24.7b $24.9b $19.0b $19.2b $29.5b $30.6b $27.4b $29.1b
Assets $51.7b $54.4b $54.3b $58.7b $54.7b $55.6b $76.4b $75.5b $72.6b $73.7b
Total Assets $51.7b $54.4b $54.3b $58.7b $54.7b $55.6b $76.4b $75.5b $72.6b $73.7b
LIABILITIES AND EQUITY
Current liabilities:
Accounts Payable, Current $6.4b $7.2b $6.1b $8.0b $5.2b $7.6b $10.7b $10.9b $10.3b $8.9b
Accrued income and other taxes $805.0m $1.0b $1.1b $979.0m $1.4b $1.3b $1.4b $1.2b $1.1b $1.4b
Asset retirement obligations and accrued environmental costs $655.0m $641.0m $624.0m $638.0m $657.0m $727.0m $879.0m $864.0m $1.1b $1.0b
Long-term Debt, Current Maturities $1.0b — — — — — — — — —
Operating Lease, Liability, Current — — — $455.0m $369.0m $343.0m $282.0m $362.0m $421.0m $574.0m
Operating Lease, Liability, Noncurrent — — — $806.0m $853.0m $725.0m $745.0m $790.0m $934.0m $1.3b
Short-term debt $550.0m $41.0m $67.0m $547.0m $987.0m $1.5b $529.0m $1.5b $1.8b $1.0b
Liabilities, Current $9.5b $10.1b $8.9b $11.6b $9.5b $12.8b $15.9b $15.9b $15.1b $13.3b
Total Current Liabilities $9.5b $10.1b $8.9b $11.6b $9.5b $12.8b $15.9b $15.9b $15.1b $13.3b
Deferred Income Tax Liabilities, Net — — $5.3b $5.6b $5.6b $5.5b $6.7b $7.4b $7.1b $7.3b
Long-term debt $9.6b $10.1b $11.1b $11.2b $14.9b $13.0b $16.7b $17.9b $18.2b $18.7b
Deferred Tax Liabilities, Net $6.7b $4.9b $5.2b $5.5b $5.6b $5.4b $6.6b $7.3b $7.0b $7.3b
Liabilities $27.9b $26.9b $27.1b $31.6b $33.2b $34.0b $42.3b $43.9b $44.1b $43.4b
Total Liabilities $27.9b $26.9b $27.1b $31.6b $33.2b $34.0b $42.3b $43.9b $44.1b $43.4b
Stockholders’ equity:
Accumulated Other Comprehensive Income (Loss), Net of Tax ($995.0m) ($617.0m) ($692.0m) ($788.0m) ($789.0m) ($445.0m) ($460.0m) ($282.0m) ($407.0m) ($167.0m)
Accumulated other comprehensive loss ($995.0m) ($617.0m) ($692.0m) ($788.0m) ($789.0m) ($445.0m) ($460.0m) ($282.0m) ($407.0m) ($167.0m)
Additional Paid in Capital, Common Stock $19.6b $19.8b $19.9b $20.3b $20.4b $20.5b $19.8b $19.6b $19.8b $19.9b
Common Stock, Value, Issued $6.0m $6.0m $6.0m $6.0m $6.0m $7.0m $7.0m $7.0m $7.0m $7.0m
Common stock (2,500,000,000 shares authorized at $0.01 par value) Issued (2025—656,987,861 shares; 2024—654,842,101 shares) Par value $6.0m $6.0m $6.0m $6.0m $6.0m $7.0m $7.0m $7.0m $7.0m $7.0m
Retained Earnings (Accumulated Deficit) $12.6b $16.3b $20.5b $22.1b $16.5b $16.2b $25.4b $30.6b $30.8b $33.2b
Treasury Stock, Common, Value $6.0m $6.0m $6.0m $6.0m $6.0m $7.0m $7.0m $19.3b $22.8b $23.9b
Treasury stock (at cost: 2025—258,252,603 shares; 2024—248,594,923 shares) ($8.8b) ($10.4b) ($15.0b) ($16.7b) ($17.1b) ($17.1b) ($15.3b) ($19.3b) ($22.8b) ($23.9b)
Stockholders' Equity Attributable to Parent $22.4b $25.1b $24.7b $24.9b $19.0b $19.2b $29.5b $30.6b $27.4b $29.1b
Noncontrolling interests $1.3b $2.3b $2.5b $2.3b $2.5b $2.5b $4.6b $1.1b $1.1b $1.1b
Stockholders' Equity Attributable to Noncontrolling Interest $1.3b $2.3b $2.5b $2.3b $2.5b $2.5b $4.6b $1.1b $1.1b $1.1b
Liabilities and Equity $51.7b $54.4b $54.3b $58.7b $54.7b $55.6b $76.4b $75.5b $72.6b $73.7b
Total Liabilities and Equity $51.7b $54.4b $54.3b $58.7b $54.7b $55.6b $76.4b $75.5b $72.6b $73.7b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.