Phillips 66 operates as an energy manufacturing and logistics company.
+ 1 more risk
Reasonable growth potential with mediocre balance sheet.
Share Price & News
How has Phillips 66's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PSX's share price has been volatile over the past 3 months.
7 Day Return
US Oil and Gas
1 Year Return
US Oil and Gas
Return vs Industry: PSX exceeded the US Oil and Gas industry which returned -43.6% over the past year.
Return vs Market: PSX underperformed the US Market which returned 6.7% over the past year.
Price Volatility Vs. Market
How volatile is Phillips 66's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall StHow Does Phillips 66's (NYSE:PSX) P/E Compare To Its Industry, After The Share Price Drop?
3 months ago | Simply Wall StHow Did Phillips 66's (NYSE:PSX) 12% ROE Fare Against The Industry?
4 months ago | Simply Wall StA Sliding Share Price Has Us Looking At Phillips 66's (NYSE:PSX) P/E Ratio
Is Phillips 66 undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PSX ($60.27) is trading above our estimate of fair value ($59.64)
Significantly Below Fair Value: PSX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PSX is poor value based on its PE Ratio (72.9x) compared to the US Oil and Gas industry average (8x).
PE vs Market: PSX is poor value based on its PE Ratio (72.9x) compared to the US market (16.2x).
Price to Earnings Growth Ratio
PEG Ratio: PSX is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: PSX is overvalued based on its PB Ratio (1.2x) compared to the US Oil and Gas industry average (0.7x).
How is Phillips 66 forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PSX's forecast earnings growth (46.9% per year) is above the savings rate (2.2%).
Earnings vs Market: PSX's earnings (46.9% per year) are forecast to grow faster than the US market (22.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PSX's revenue (12.2% per year) is forecast to grow faster than the US market (9.4% per year).
High Growth Revenue: PSX's revenue (12.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PSX's Return on Equity is forecast to be low in 3 years time (12.3%).
How has Phillips 66 performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PSX has a large one-off loss of $3.8B impacting its March 31 2020 financial results.
Growing Profit Margin: PSX's current net profit margins (0.4%) are lower than last year (4.8%).
Past Earnings Growth Analysis
Earnings Trend: PSX's earnings have grown by 2.9% per year over the past 5 years.
Accelerating Growth: PSX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PSX had negative earnings growth (-93%) over the past year, making it difficult to compare to the Oil and Gas industry average (-21.6%).
Return on Equity
High ROE: PSX's Return on Equity (2.9%) is considered low.
How is Phillips 66's financial position?
Financial Position Analysis
Short Term Liabilities: PSX's short term assets ($11.7B) exceed its short term liabilities ($10.5B).
Long Term Liabilities: PSX's short term assets ($11.7B) do not cover its long term liabilities ($19.3B).
Debt to Equity History and Analysis
Debt Level: PSX's debt to equity ratio (48.3%) is considered high.
Reducing Debt: PSX's debt to equity ratio has increased from 39.6% to 48.3% over the past 5 years.
Debt Coverage: PSX's debt is well covered by operating cash flow (48.2%).
Interest Coverage: PSX's interest payments on its debt are well covered by EBIT (8.9x coverage).
What is Phillips 66 current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: PSX's dividend (5.97%) is higher than the bottom 25% of dividend payers in the US market (1.68%).
High Dividend: PSX's dividend (5.97%) is in the top 25% of dividend payers in the US market (4.6%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, PSX has been paying a dividend for less than 10 years.
Growing Dividend: PSX's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (435.2%), PSX's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PSX's dividends in 3 years are forecast to be covered by earnings (56.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Greg Garland (63yo)
Mr. Greg C. Garland serves as the Chairman and Chief Executive Officer at Phillips 66 Partners GP LLC, the General Partner at Phillips 66 Partners LP since March 2013. Mr. Garland has been the Chairman of ...
CEO Compensation Analysis
Compensation vs Market: Greg's total compensation ($USD31.90M) is above average for companies of similar size in the US market ($USD11.50M).
Compensation vs Earnings: Greg's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Chairman & CEO||8.25yrs||US$31.90m||0.12% $30.9m|
|Executive VP of Finance & CFO||4.5yrs||US$7.68m||0.0098% $2.6m|
|Executive VP of Legal and Government Affairs||3.75yrs||US$7.69m||0.017% $4.4m|
|Executive Vice President of Refining||6.42yrs||US$5.99m||0.0082% $2.2m|
|Executive Vice President of Midstream||1.92yrs||US$5.42m||0.0018% $460.6k|
|SVP and Chief Digital & Administrative Officer||3.25yrs||no data||no data|
|Vice President of Investor Relations||3.25yrs||no data||no data|
|Senior Vice President of Human Resources & Corporate Communications||3.75yrs||no data||no data|
|President of Global Marketing Group||3.67yrs||no data||no data|
|Senior Vice President of Health||3.83yrs||no data||no data|
|Executive Vice President of Marketing & Commercial||3.67yrs||no data||0.0014% $363.2k|
|Head of Executive Communications||2.83yrs||no data||no data|
Experienced Management: PSX's management team is considered experienced (3.7 years average tenure).
|Chairman & CEO||8.25yrs||US$31.90m||0.12% $30.9m|
|Independent Director||8.25yrs||US$335.32k||0.00011% $29.0k|
|Independent Director||8.25yrs||US$359.08k||0.0086% $2.3m|
|Independent Lead Director||4.42yrs||US$413.04k||0.0014% $355.3k|
|Independent Director||3.75yrs||US$336.84k||no data|
|Independent Director||8.25yrs||US$367.73k||0.011% $3.0m|
|Independent Director||8.25yrs||US$366.89k||0.00057% $150.0k|
|Independent Director||3.75yrs||US$339.06k||0.0023% $615.9k|
|Independent Director||0.75yr||US$81.27k||no data|
|Independent Director||8.25yrs||US$351.53k||0.0050% $1.3m|
|Independent Director||no data||no data||no data|
Experienced Board: PSX's board of directors are considered experienced (8.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PSX insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Phillips 66's company bio, employee growth, exchange listings and data sources
- Name: Phillips 66
- Ticker: PSX
- Exchange: NYSE
- Founded: 1875
- Industry: Oil and Gas Refining and Marketing
- Sector: Energy
- Market Cap: US$26.318b
- Shares outstanding: 436.67m
- Website: https://www.phillips66.com
Number of Employees
- Phillips 66
- 2331 CityWest Boulevard
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PSX||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Apr 2012|
|R66||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Apr 2012|
|R66||XTRA (XETRA Trading Platform)||Yes||Common Stock||DE||EUR||Apr 2012|
|0KHZ||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Apr 2012|
|R66||ETLX (Eurotlx)||Yes||Common Stock||IT||EUR||Apr 2012|
|PSXC||WBAG (Wiener Boerse AG)||Yes||Common Stock||AT||EUR||Apr 2012|
|P1SX34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 2 REPR 1 COM||BR||BRL||Dec 2019|
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 products to market; provides terminaling and storage services for crude oil and 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 manufactures 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 comprising gasolines, distillates, and aviation fuels at 13 refineries in the United States and Europe. The M&S segment purchases for resale and markets refined petroleum products consisting of gasolines, distillates, and aviation fuels primarily in the United States and Europe. It also manufactures and markets specialty products, such as petroleum coke products, waxes, solvents, and polypropylene. Phillips 66 was founded in 1875 and is headquartered in Houston, Texas.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/13 23:52|
|End of Day Share Price||2020/07/13 00:00|