Phillips 66 Balance Sheet Health
Financial Health criteria checks 2/6
Phillips 66 has a total shareholder equity of $28.1B and total debt of $21.8B, which brings its debt-to-equity ratio to 77.5%. Its total assets and total liabilities are $76.1B and $48.0B respectively. Phillips 66's EBIT is $3.0B making its interest coverage ratio 3.7. It has cash and short-term investments of $1.8B.
Key information
77.48%
Debt to equity ratio
US$21.76b
Debt
| Interest coverage ratio | 3.7x |
| Cash | US$1.85b |
| Equity | US$28.08b |
| Total liabilities | US$48.04b |
| Total assets | US$76.12b |
Recent financial health updates
Recent updates
Phillips 66: Finally Positioned For A Refining Up-Cycle (With A Venezuela Kicker)
Jan 27Phillips 66 (NYSE:PSX) Might Be Having Difficulty Using Its Capital Effectively
Aug 14
Phillips 66's (NYSE:PSX) Shareholders Will Receive A Bigger Dividend Than Last Year
May 06Weak Statutory Earnings May Not Tell The Whole Story For Phillips 66 (NYSE:PSX)
May 05With A 26% Price Drop For Phillips 66 (NYSE:PSX) You'll Still Get What You Pay For
Apr 09room for higher margins
Industry Position: Phillips 66 is a major player in the energy sector, particularly in refining, marketing, and transportation. Analysts often look at the company's ability to capitalize on operationaElliott Management Applies Pressure With Phillips 66 Board Fight
Mar 26Phillips 66: Ignore Elliott Management
Feb 25Phillips 66 Just Missed Earnings - But Analysts Have Updated Their Models
Feb 04Philips 66: Refining Hurts Q4, But Long-Term Value Remains
Feb 01Phillips 66 Makes An Intelligent Acquisition Of EPIC NGL
Jan 13Phillips 66: Bottom Fishing At The Bottom Of The Refining Cycle (Rating Upgrade)
Dec 25Phillips 66: Refiners Are 'Deer In The Headlights' Of Canadian Import Tariffs
Dec 07Phillips 66: 3.4% Yield, Consistent Dividend Growth, Cheap
Oct 24Phillips 66 Is Expanding Past Its Refining Roots
Oct 18
Strategically Envisioning A Greener Future Through Innovative Energy Solutions And Financial Resilience
Transition to producing renewable fuels at the Rodeo Renewable Energy Complex aims to meet growing demand for environmentally friendly energy options.Financial Position Analysis
Short Term Liabilities: PSX's short term assets ($22.0B) exceed its short term liabilities ($17.9B).
Long Term Liabilities: PSX's short term assets ($22.0B) do not cover its long term liabilities ($30.1B).
Debt to Equity History and Analysis
Debt Level: PSX's net debt to equity ratio (70.9%) is considered high.
Reducing Debt: PSX's debt to equity ratio has increased from 65.1% to 77.5% over the past 5 years.
Debt Coverage: PSX's debt is not well covered by operating cash flow (15.7%).
Interest Coverage: PSX's interest payments on its debt are well covered by EBIT (3.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/01/29 21:21 |
| End of Day Share Price | 2026/01/29 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Phillips 66 is covered by 32 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| William Selesky | Argus Research Company |
| Theresa Chen | Barclays |
| Phillip Jungwirth | BMO Capital Markets Equity Research |