What is the primary revenue source for Phillips 66 (PSX)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze PSX's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Phillips 66's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Phillips 66 Makes Money: PSX Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Insufficient data

Current data explains this period's structure but is insufficient for a year-over-year conclusion.

The largest revenue segment accounts for 74.04% of revenue, indicating concentration.

Revenue: USD 83.54B
Largest revenue segment share (Refined Petroleum Products and Renewable Fuels): 74.04%
Cost of revenue: USD 72.88B
Income tax expense: USD 1.13B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Income tax expenseIncome tax expense · IncomeTaxExpenseBenefit
Largest revenue segment share (Refined Petroleum Products and Renewable Fuels)Refined Petroleum Products and Renewable Fuels · segment_value / revenue * 100
RevenueConsolidated sales and other operating revenues · RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenuePurchased crude oil and products · CostOfGoodsAndServicesSold

Assets

Where is the money tied up, and how is the company financed?

Neutral

Liabilities and shareholder equity jointly fund the asset base, with a broadly stable mix.

Property, plant and equipment: USD 39.65B
Accounts receivable: USD 11.05B
Inventory: USD 5.92B
Total liabilities: USD 49.11B
Shareholder equity: USD 32.70B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Property, plant and equipmentNet properties, plants and equipment · PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
Shareholder equityTotal equity · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilitiesTotal liabilities · Liabilities
InventoryInventories · InventoryNet
Accounts receivableAccounts and financing receivable, after allowance for credit loss, current · AccountsNotesAndLoansReceivableNetCurrent

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 123.21% of net income.

Net income: USD 4.05B
Operating cash flow: USD 5.00B
Cash conversion: 123.21%

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net incomeNet income attributable to phillips 66 · NetIncomeLoss
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Capital expenditure data is missing, so free cash flow cannot be calculated.

Shareholders

Did the money earned actually make its way back to shareholders?

Neutral

The company returned cash to shareholders, but free cash flow data is missing, so coverage cannot be assessed.

Cash dividends: USD 1.02B
Share repurchases: USD 648.00M
Stock issuance proceeds: USD 101.00M
Net shareholder return: USD 1.56B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Cash dividendsPayments of ordinary dividends, common stock · PaymentsOfDividendsCommonStock · abs(node_value)
Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Share repurchasesPayments for repurchase of common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)
Stock issuance proceedsIssuance of common stock · ProceedsFromIssuanceOfCommonStock · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?