Phillips 66 is experiencing a sharp cyclical recovery in refining margins, evidenced by a 53.7% YoY revenue surge and gross margin expansion to 14.4% in 2026Q2. The company has deleveraged, with D/E improving to 0.63, and maintains disciplined capital returns,...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue surged 53.7% YoY to $51.0B in 2026Q2, with gross margin expanding to 14.4% from 5.7% a year earlier, driving operating income to $5.0B and EPS of $9.55.
Phillips 66 has a moderate moat, indicating competitive advantages that support long-term profitability.
In-depth institutional research covers valuation, catalysts, and risks, providing a robust analysis for investors.
The company's financial and business outlook from 2026 to 2031 is positive, suggesting growth potential.
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 5, 2026 | $9.41+25.5% vs $7.50 | $51.9B+19.1% vs $43.6B |
Q2 2026 Apr 29, 2026 | $0.49+190.3% vs -$0.54 | $33.0B-8.0% vs $35.9B |
Q1 2026 Feb 4, 2026 | $2.47+14.9% vs $2.15 | $36.3B+7.3% vs $33.9B |
Q4 2025 Oct 29, 2025 | $2.52+17.8% vs $2.14 | $35.0B+4.3% vs $33.5B |
Shares of Phillips 66 (NYSE: PSX - Get Free Report) reached a new 52-week high on Monday. The company traded as high as $277.12 and last traded at $275.1460, with a volume of 10170068 shares. The stock had previously closed at $273.13. Analysts Set New Price Targets A number of research firms have commented on
The latest trading day saw Phillips 66 (PSX) settling at $261.75, representing a -4.17% change from its previous close.
Marathon Petroleum and Phillips 66 both offer strong refining exposure, but differences in valuation, earnings growth and operations set them apart.
Diesel margins just ran five times their normal range as Russian barrels vanished and Gulf throughput cratered, sending Phillips 66 on a historic run.
Benchmark PSX against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Phillips 66 (PSX)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $256.48 | $102.83B | 23.77 | -7.64% | 3.33% | 15% | 1.84% | |
| $375.84 | $111.6B | 49.65 | -5.54% | 5.43% | 26.57% | — | |
| $388.38 | $113.38B | 29.27 | -4.44% | 5.56% | 35.23% | — | |
| $70.47 | $8.34B | -50.70 | -11.42% | 3.94% | 23.52% | — | |
| $72.26 | $4.43B | -190.16 | -9.53% | 1.86% | 45.98% | — | |
| $205.52 | $409.31B | 31.00 | -4.64% | 9.87% | 10.66% | — |
Phillips 66 (PSX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Phillips 66 (PSX) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 5, 2026·SEC
May 14, 2026·SEC
Apr 29, 2026·SEC
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Phillips 66 (PSX) stock FAQ — growth, dividends, profitability & financials explained
Phillips 66 (PSX) reported $153.60B in revenue for fiscal year 2025. This represents a 36% increase from $112.69B in 2009.
Phillips 66 (PSX) saw revenue decline by 7.6% over the past year.
Yes, Phillips 66 (PSX) is profitable, generating $7.09B in net income for fiscal year 2025 (3.3% net margin).
Yes, Phillips 66 (PSX) pays a dividend with a yield of 1.84%. This makes it attractive for income-focused investors.
Phillips 66 (PSX) has a return on equity (ROE) of 15.0%. This is reasonable for most industries.
Phillips 66 (PSX) generated $3.55B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
