Phillips 66 (PSX)

US — Energy Sector
Peers: MPC  VLO  E  KMI  SLB  MPLX  ET  TRP  EOG  SU 

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Key Metrics & Ratings

  • symbol PSX
  • Rev/Share 328.5135
  • Book/Share 69.6489
  • PB 2.3633
  • Debt/Equity 0.8082
  • CurrentRatio 1.2268
  • ROIC 0.0484

 

  • MktCap 63580955103.0
  • FreeCF/Share 10.6171
  • PFCF 14.8554
  • PE 14.4476
  • Debt/Assets 0.2858
  • DivYield 0.0301
  • ROE 0.1614

 

  • Rating C
  • Score 2
  • Recommendation Sell
  • P/E Score 2
  • DCF Score 5
  • P/B Score 1
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Reiterated PSX TD Cowen -- Buy $140 $145 Oct. 30, 2025
Initiation PSX Wells Fargo -- Overweight -- $154 Oct. 17, 2025
Downgrade PSX BofA Securities Buy Neutral -- $147 Sept. 3, 2025
Reiterated PSX TD Cowen -- Buy $130 $134 July 28, 2025
Downgrade PSX Citigroup Buy Neutral -- $130 July 16, 2025
Downgrade PSX Scotiabank Sector Outperform Sector Perform -- $133 July 11, 2025
Initiation PSX Evercore ISI -- Outperform -- $130 June 18, 2025
Reiterated PSX TD Cowen -- Buy $114 $120 May 13, 2025
Reiterated PSX TD Cowen -- Buy $127 $114 April 28, 2025
Downgrade PSX Goldman Buy Neutral -- $132 March 27, 2025

News

Phillips 66 to cut jobs as Los Angeles refinery shuts, Bloomberg News reports
PSX
Published: February 05, 2026 by: Reuters
Sentiment: Negative

Phillips 66 will lay off around half of its employees at its sole remaining oil refinery in California after shuttering operations, Bloomberg News reported on Thursday, citing a filing with California's employment regulator.

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image for news Phillips 66 to cut jobs as Los Angeles refinery shuts, Bloomberg News reports
Phillips 66 Q4 Earnings Top Estimates on Higher Realized Refining Margins
PSX
Published: February 04, 2026 by: Zacks Investment Research
Sentiment: Positive

PSX delivers a Q4 earnings beat as higher realized refining margins worldwide and higher midstream volumes lift results.

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image for news Phillips 66 Q4 Earnings Top Estimates on Higher Realized Refining Margins
Is there a software stock bubble? Plus, Phillips 66 CFO talks earnings, Venezuela
PSX
Published: February 04, 2026 by: Yahoo Finance
Sentiment: Neutral

On Opening Bid for February 5, 2026, Yahoo Finance Executive Editor Brian Sozzi and his panel discuss the possibility of a software stock bubble. He also speaks with Phillips 66 CFO Kevin Mitchell about the company's fourth quarter earnings and the situation in Venezuela.

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image for news Is there a software stock bubble? Plus, Phillips 66 CFO talks earnings, Venezuela
Refiner Phillips 66 can process 250,000 bpd of Venezuelan crude, CEO says
PSX
Published: February 03, 2026 by: Reuters
Sentiment: Neutral

U.S. refiner Phillips 66 can process around 250,000 barrels per day of Venezuelan crude, CEO Mark Lashier said at a conference in Houston on Tuesday.

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image for news Refiner Phillips 66 can process 250,000 bpd of Venezuelan crude, CEO says
Unlocking Q4 Potential of Phillips 66 (PSX): Exploring Wall Street Estimates for Key Metrics
PSX
Published: February 03, 2026 by: Zacks Investment Research
Sentiment: Positive

Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Phillips 66 (PSX), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2025.

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image for news Unlocking Q4 Potential of Phillips 66 (PSX): Exploring Wall Street Estimates for Key Metrics
Can These 3 Energy Stocks Surpass Q4 Earnings Estimates?
NOV, PSX, PTEN
Published: February 03, 2026 by: Zacks Investment Research
Sentiment: Positive

Here is a look at what to expect from energy stocks, like NOV, PTEN and PSX, ahead of their quarterly earnings reports, set to be released tomorrow.

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image for news Can These 3 Energy Stocks Surpass Q4 Earnings Estimates?
Phillips 66's Q4 Earnings on Deck: Should You Stay Invested or Exit?
PSX
Published: February 02, 2026 by: Zacks Investment Research
Sentiment: Positive

PSX gears up for Q4 earnings with profit seen rebounding. However, falling revenues and a premium valuation raise questions for investors.

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image for news Phillips 66's Q4 Earnings on Deck: Should You Stay Invested or Exit?
Stay Ahead of the Game With Phillips 66 (PSX) Q4 Earnings: Wall Street's Insights on Key Metrics
PSX
Published: January 30, 2026 by: Zacks Investment Research
Sentiment: Positive

Beyond analysts' top-and-bottom-line estimates for Phillips 66 (PSX), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2025.

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image for news Stay Ahead of the Game With Phillips 66 (PSX) Q4 Earnings: Wall Street's Insights on Key Metrics
How Phillips 66's Integrated Model Enhances Profitability & Resilience
PSX
Published: January 29, 2026 by: Zacks Investment Research
Sentiment: Positive

PSX gains from lower crude prices, boosting refining margins while its diversified business model supports steady cash flow and returns.

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image for news How Phillips 66's Integrated Model Enhances Profitability & Resilience
Phillips 66 (PSX) Reports Next Week: Wall Street Expects Earnings Growth
PSX
Published: January 28, 2026 by: Zacks Investment Research
Sentiment: Positive

Phillips 66 (PSX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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image for news Phillips 66 (PSX) Reports Next Week: Wall Street Expects Earnings Growth
Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now
PSX, RUN
Published: January 28, 2026 by: Zacks Investment Research
Sentiment: Positive

The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.

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image for news Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now
Valero Energy vs. Phillips 66: Which Refining Stock Should You Bet On?
PSX, VLO
Published: January 27, 2026 by: Zacks Investment Research
Sentiment: Positive

VLO and PSX are set to gain as softer crude prices lift refining margins. However, PSX's diversified business model and exposure beyond refining stand out.

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image for news Valero Energy vs. Phillips 66: Which Refining Stock Should You Bet On?
Phillips 66: Finally Positioned For A Refining Up-Cycle (With A Venezuela Kicker)
PSX
Published: January 27, 2026 by: Seeking Alpha
Sentiment: Positive

Phillips 66 is showing tangible improvement in its long-underperforming Refining Segment, driven by cost reductions, higher clean product yield, and record utilization rates. PSX benefits from discounted heavy crude - particularly Canadian and, now, Venezuelan - leveraging its industry-leading coking capacity for margin expansion. While Midstream and Marketing & Specialties remain steady, Chemicals continues to face challenges, limiting overall segment strength.

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image for news Phillips 66: Finally Positioned For A Refining Up-Cycle (With A Venezuela Kicker)
How PSX Is Powering the Energy Transition Toward Cleaner Fuels
PSX
Published: January 21, 2026 by: Zacks Investment Research
Sentiment: Positive

Phillips 66 scales renewable diesel, sustainable aviation fuel and naphtha output as it diversifies into lower-carbon fuels to meet rising global demand.

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image for news How PSX Is Powering the Energy Transition Toward Cleaner Fuels
PSX & KMI Launch Second Open Season for Western Gateway Pipeline
KMI, PSX
Published: January 20, 2026 by: Zacks Investment Research
Sentiment: Positive

Phillips 66 and Kinder Morgan launch a second open season for the Western Gateway Pipeline as strong customer demand drives interest in remaining capacity.

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image for news PSX & KMI Launch Second Open Season for Western Gateway Pipeline
How Phillips 66 Balances Refining Upside With Midstream Stability
PSX
Published: January 16, 2026 by: Zacks Investment Research
Sentiment: Positive

PSX pairs refining upside from soft oil prices with stable midstream cash flows, using a diversified capital strategy to reduce exposure to commodity volatility.

Read More
image for news How Phillips 66 Balances Refining Upside With Midstream Stability
Is Phillips 66 Poised to Gain From a Favorable Refining Backdrop?
PSX
Published: January 13, 2026 by: Zacks Investment Research
Sentiment: Positive

PSX's refining arm benefits from strong margins, with widening light-heavy spreads and cheaper heavy crude anticipated to support higher margins.

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image for news Is Phillips 66 Poised to Gain From a Favorable Refining Backdrop?
Bessent Admits Major Oil Companies Aren't Interested In Venezuela
BKR, COP, CVX, HAL, MPC, PSX, SLB, VLO, XOM
Published: January 08, 2026 by: Forbes
Sentiment: Negative

Chevron is the only one of the three major U.S. oil companies that operates in Venezuela. ConocoPhillips and ExxonMobil exited Venezuela in 2007 after Hugo Chávez nationalized the industry.

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image for news Bessent Admits Major Oil Companies Aren't Interested In Venezuela
What Mixed Oil Inventory Signals Mean for Energy Stocks Now
OII, PSX, WTI
Published: January 08, 2026 by: Zacks Investment Research
Sentiment: Neutral

PSX, WTI and OII could benefit as oil market volatility reveals selective opportunities amid mixed inventory signals.

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image for news What Mixed Oil Inventory Signals Mean for Energy Stocks Now
PSX Expands UK Footprint With Lindsey Refinery Asset Purchase
PSX
Published: January 07, 2026 by: Zacks Investment Research
Sentiment: Positive

Phillips 66 agrees to buy the Lindsey Oil Refinery assets in the U.K., planning to integrate key infrastructure into its Humber operations to enhance the U.K.'s energy security.

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image for news PSX Expands UK Footprint With Lindsey Refinery Asset Purchase
Venezuela's Heavy Crude Potential: Can CVX, PSX & VLO Benefit?
CVX, PSX, VLO
Published: January 07, 2026 by: Zacks Investment Research
Sentiment: Positive

CVX, PSX and VLO may benefit as Trump signals the possibility of U.S. access to Venezuela's heavy crude, improving prospects for producers and complex refiners.

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image for news Venezuela's Heavy Crude Potential: Can CVX, PSX & VLO Benefit?
Phillips 66 (PSX) Presents at Goldman Sachs Energy, CleanTech & Utilities Conference Transcript
PSX
Published: January 06, 2026 by: Seeking Alpha
Sentiment: Neutral

Phillips 66 (PSX) Presents at Goldman Sachs Energy, CleanTech & Utilities Conference Transcript

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image for news Phillips 66 (PSX) Presents at Goldman Sachs Energy, CleanTech & Utilities Conference Transcript
Phillips 66 (PSX) Moves 7.2% Higher: Will This Strength Last?
PSX
Published: January 06, 2026 by: Zacks Investment Research
Sentiment: Positive

Phillips 66 (PSX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Read More
image for news Phillips 66 (PSX) Moves 7.2% Higher: Will This Strength Last?
Is Phillips 66's Midstream Push Building More Resilient Business?
PSX
Published: January 05, 2026 by: Zacks Investment Research
Sentiment: Positive

PSX benefits as WTI trades below $59, while fee-based midstream revenues and growing focus on midstream and chemicals help shield the cash flows from crude volatility.

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image for news Is Phillips 66's Midstream Push Building More Resilient Business?
3 Energy Stocks Investors Should Invest in Before 2025 is Over
OII, PSX, VLO
Published: December 24, 2025 by: Zacks Investment Research
Sentiment: Positive

PSX, VLO and OII stand out heading into 2026, as refining strength, low crude costs and resilient oilfield service demand offset softer oil prices.

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image for news 3 Energy Stocks Investors Should Invest in Before 2025 is Over
PSX, KMI Wrap Up Initial Open Season for Western Gateway Pipeline
KMI, PSX
Published: December 23, 2025 by: Zacks Investment Research
Sentiment: Positive

Phillips 66 and Kinder Morgan plan the Western Gateway Pipeline in response to strong demand, redirecting and upgrading existing lines to transport refined fuel from Texas to California.

Read More
image for news PSX, KMI Wrap Up Initial Open Season for Western Gateway Pipeline
Phillips 66 and Kinder Morgan, Inc. Announce Close of Initial Open Season and Launch of Subsequent Open Season for Capacity to Los Angeles, California Markets
PSX
Published: December 22, 2025 by: Business Wire
Sentiment: Neutral

HOUSTON--(BUSINESS WIRE)--Phillips 66 and Kinder Morgan, Inc. announced that Western Gateway has received significant interest and has closed the initial open season.

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image for news Phillips 66 and Kinder Morgan, Inc. Announce Close of Initial Open Season and Launch of Subsequent Open Season for Capacity to Los Angeles, California Markets
5 Top Stocks With High 2026 Earnings Growth Targets
ALLY, ARGX, EGO, LITE, PSX
Published: December 22, 2025 by: Seeking Alpha
Sentiment: Positive

The S&P 500 experienced sharp swings in 2025 due to shifts in trade policy, AI speculation, and rate cuts, while corporate profits remained resilient. Broader AI adoption and steady economic growth are expected to drive double-digit earnings growth in the S&P 500 in 2026. Tech is expected to dominate earnings growth again next year, but more sectors are projected to contribute.

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image for news 5 Top Stocks With High 2026 Earnings Growth Targets
Phillips 66: A Strong Dividend Growth Idea
PSX
Published: December 21, 2025 by: Seeking Alpha
Sentiment: Positive

Phillips 66 closed on the WRB acquisition, solidifying a cost improvement in its refining business. The company's midstream business is now approaching scale to fully support all basic business needs. This segment now supports sustaining capital and dividend spending. The upside provided by refining and the petrochemical divisions provides ample cash to fund growth, buy back shares, and pay down debt.

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image for news Phillips 66: A Strong Dividend Growth Idea
Phillips 66 Unveils $2.4 Billion Capital Spending Plan for 2026
PSX
Published: December 16, 2025 by: Zacks Investment Research
Sentiment: Neutral

PSX outlines a $2.4B capital budget for 2026, increasing spending from 2025 and channeling most funds into midstream and refining growth projects.

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image for news Phillips 66 Unveils $2.4 Billion Capital Spending Plan for 2026

About Phillips 66 (PSX)

  • IPO Date 2012-04-12
  • Website https://www.phillips66.com
  • Industry Oil & Gas Refining & Marketing
  • CEO Mark E. Lashier
  • Employees 13200

Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas. The Chemicals segment produces and markets ethylene and other olefin products; aromatics and styrenics products, such as benzene, cyclohexane, styrene, and polystyrene; and various specialty chemical products, including organosulfur chemicals, solvents, catalysts, and chemicals used in drilling and mining. The Refining segment refines crude oil and other feedstocks into petroleum products, such as gasolines, distillates, aviation, and renewable fuels at 12 refineries in the United States and Europe. The M&S segment purchases for resale and markets refined petroleum products, including gasolines, distillates, and aviation fuels primarily in the United States and Europe. This segment also manufactures and markets specialty products, such as base oils and lubricants. The company was founded in 1875 and is headquartered in Houston, Texas.