Phillips 66 (PSX) Revenue History
Annual and quarterly revenue from 2009 to present
PSX Revenue Over Time (2009–2025)
PSX Revenue Growth History
6 of 16 years with positive growth- FY2009 revenue growth
- N/A
- FY2010 revenue growth
- +30.3%
- FY2011 revenue growth
- +34.0%
- FY2012 revenue growth
- -15.6%
- FY2013 revenue growth
- -5.0%
- FY2014 revenue growth
- -7.5%
- FY2015 revenue growth
- -41.7%
- FY2016 revenue growth
- -16.1%
- FY2017 revenue growth
- +25.5%
- FY2018 revenue growth
- +24.3%
- FY2019 revenue growth
- -3.4%
- FY2020 revenue growth
- -40.7%
- FY2021 revenue growth
- +75.8%
- FY2022 revenue growth
- +52.0%
- FY2023 revenue growth
- -13.4%
- FY2024 revenue growth
- -2.8%
- FY2025 revenue growth
- -7.6%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $34.08B | +11.7% |
| Q4 2025 | $34.02B | +0.9% |
| Q3 2025 | $34.51B | -2.2% |
| Q2 2025 | $33.17B | -12.9% |
| Q1 2025 | $30.50B | -15.3% |
| Q4 2024 | $33.71B | -11.4% |
| Q3 2024 | $35.29B | -11.7% |
| Q2 2024 | $38.10B | +9.2% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
PSX's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
PSX Revenue Analysis (2009–2025)
Current Revenue & Growth
As of June 22, 2026, Phillips 66 (PSX) generated trailing twelve-month (TTM) revenue of $135.77 billion, reflecting strong growth of +11.7% year-over-year. The most recent quarter (Q1 2026) recorded $34.08 billion in revenue, up 0.2% sequentially.
Historical Growth Trajectory
PSX's 5-year compound annual growth rate (CAGR) stands at +15.7%, indicating consistent double-digit revenue growth. The 3-year CAGR of -8.1% is below the 5-year average, signalling a growth deceleration in recent years. Phillips 66's highest annual revenue of $196.70 billion was recorded in 2011.
Revenue by Segment
PSX's revenue is primarily driven by Consolidation, Eliminations (61%), Natural Gas Liquids (19%), and Crude Oil (17%). With over half of revenue concentrated in Consolidation, Eliminations, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Energy sector peers — including VLO (-1.7% YoY), MPC (-1.4% YoY), and PBF (-11.4% YoY) — PSX has outperformed the peer group in revenue growth. Compare PSX vs VLO →
PSX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| PSXCurrent | $135.8B | +11.7% | +15.7% | 2.7% | |
 VLO | $122.7B | -1.7% | +13.6% | 3.5% | |
 MPC | $132.7B | -1.4% | +13.7% | 4.3% | |
 PBF | $29.3B | -11.4% | +14.2% | -0.2% | |
 DK | $10.7B | -5.6% | +8.0% | 3.7% | |
 CVX | $184.4B | -4.6% | +14.3% | 9.0% |
PSX Historical Revenue Data (2009–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $132.19B | -7.6% | $6.49B | 4.9% | $3.52B | 2.7% |
| 2024 | $143.12B | -2.8% | $4.86B | 3.4% | $2.32B | 1.6% |
| 2023 | $147.26B | -13.4% | $11.29B | 7.7% | $8.27B | 5.6% |
| 2022 | $170.12B | +52.0% | $12.77B | 7.5% | $10.07B | 5.9% |
| 2021 | $111.94B | +75.8% | $3.38B | 3.0% | $1.23B | 1.1% |
| 2020 | $63.69B | -40.7% | $180.0M | 0.3% | $-1,828,000,000 | -2.9% |
| 2019 | $107.44B | -3.4% | $5.32B | 4.9% | $3.23B | 3.0% |
| 2018 | $111.27B | +24.3% | $7.14B | 6.4% | $5.04B | 4.5% |
| 2017 | $89.55B | +25.5% | $4.12B | 4.6% | $2.01B | 2.2% |
| 2016 | $71.35B | -16.1% | $3.48B | 4.9% | $1.53B | 2.1% |
| 2015 | $85.03B | -41.7% | $6.12B | 7.2% | $4.15B | 4.9% |
| 2014 | $145.86B | -7.5% | $4.52B | 3.1% | $2.51B | 1.7% |
| 2013 | $157.71B | -5.0% | $4.20B | 2.7% | $2.46B | 1.6% |
| 2012 | $166.09B | -15.6% | $6.60B | 4.0% | $4.51B | 2.7% |
| 2011 | $196.70B | +34.0% | $18.72B | 9.5% | $1.83B | 0.9% |
Full Stock Analysis
Deep dive into PSX consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
17+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
PSX — Frequently Asked Questions
Quick answers to the most common questions about buying PSX stock.
Is PSX's revenue growth accelerating or slowing?
PSX revenue growth is holding steady at +11.7% year-over-year. TTM revenue is $135.8B. The current growth rate closely tracks the 5-year CAGR of +15.7%, signalling consistent execution.
What is PSX's revenue history from 2009 to 2026?
Phillips 66 (PSX) revenue history spans 2009 to 2026. TTM revenue as of 2026 is $135.8B, growing at +11.7% YoY. The 5-year CAGR is +15.7%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is PSX's long-term revenue growth rate (CAGR)?
Phillips 66's 5-year revenue CAGR of +15.7% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +11.7% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for PSX.
Why does PSX's quarterly revenue fluctuate?
PSX quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Phillips 66's revenue data from 2009 to 2026 shows full historical quarterly detail on this page.
How is PSX's revenue distributed by segment?
PSX reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does PSX's revenue compare to industry peers?
Phillips 66 (PSX) with TTM revenue of $135.8B and +11.7% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.