Skip to Content
Morningstar

Phillips 66 PSX

Morningstar Rating
Unlock
Stock XNYS Rating as of
$158.46 +1.45 (0.92%)
View Full Chart
As of Cboe BZX Real-Time Price Open
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

Phillips 66's Earnings Growth Will Reduce Reliance on Refining and Increase Shareholder Returns

Allen Good

Phillips 66 remains the most diversified independent refiner with greater interests in marketing, chemical, and midstream assets than peers. While the performance of its refining segment will be the primary determinant of earnings in the near term, the midstream segment will increasingly be the value driver over time as Phillips 66 aims to grow its potential midcycle EBITDA by $4 billion (initially $3 billion) to $14 billion by 2025.

Read Full Report

Price vs Fair Value

View History
PSX is trading at a 26% premium.
Price
$157.05
Fair Value
$891.00
Uncertainty
High
1-Star Price
$675.86
5-Star Price
$26.00
Economic Moat
Tptfg
Capital Allocation
Wcclwdqhk

Bulls Say, Bears Say

Bulls

Phillips 66 is expanding its midstream and chemical segments so that refining will represent a smaller portion of earnings over time and help to mitigate the risk of falling refined product demand.

Bears

Narrowing of light crude spreads or rising natural gas prices could undercut key tenets of U.S. refiners' cost advantage, making Phillips 66 less competitive in the global export market.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if PSX is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
$157.02
Day Range
$154.89–159.21
52-Week Range
$89.87–174.03
Bid/Ask
$158.44 / $158.50
Market Cap
$67.30 Bil
Volume/Avg
1.1 Mil / 2.9 Mil

Key Statistics

Price/Earnings (Normalized)
9.94
Price/Sales
0.48
Dividend Yield (Trailing)
2.74%
Dividend Yield (Forward)
3.00%
Total Yield
8.71%

Company Profile

Phillips 66 is an independent refiner with 12 refineries that have a total crude throughput capacity of 1.8 million barrels per day, or mmb/d. In 2023, the Rodeo, California, facility ceased operations and be converted to produce renewable diesel. The midstream segment comprises extensive transportation and NGL processing assets and includes DCP Midstream, which holds 600 mbd of NGL fractionation and 22,000 miles of pipeline. Its CPChem chemical joint venture operates facilities in the United States and the Middle East and primarily produces olefins and polyolefins.
Sector
Energy
Industry
Oil & Gas Refining & Marketing
Stock Style Box
Large Value
Total Number of Employees
14,000
Website
https://www.phillips66.com

Competitors

Valuation

View More
Metric
PSX
DINO
MPC
Price/Earnings (Normalized)
 9.944.928.29
Price/Book Value
 2.211.122.94
Price/Sales
 0.480.340.54
Price/Cash Flow
 8.054.505.71
Price/Earnings
PSX
DINO
MPC

Financial Strength

Metric
PSX
DINO
MPC
Quick Ratio
 0.951.131.08
Current Ratio
 1.262.221.59
Interest Coverage
 10.9411.7911.53
Quick Ratio
PSX
DINO
MPC

Profitability

Metric
PSX
DINO
MPC
Return on Assets (Normalized)
 9.38%10.02%11.02%
Return on Equity (Normalized)
 23.71%18.90%37.07%
Return on Invested Capital (Normalized)
 14.85%13.82%16.50%
Return on Assets
PSX
DINO
MPC
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Oil & Gas Refining & Marketing Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
MPC
Marathon Petroleum CorpXksqfjbnjFyftbd$71.4 Bil
VLO
Valero Energy CorpThhhmcqyqnJcjvh$53.5 Bil
NTOIY
Neste OYJ ADR—Gnhkchz$21.5 Bil
NTOIF
Neste OYJ—Clpwpy$21.5 Bil
JXHGF
ENEOS Holdings Inc—Vpx$14.0 Bil
JXHLY
ENEOS Holdings Inc ADR—Dvpcc$14.0 Bil
DINO
HF Sinclair CorpHszdzqmCcncf$11.2 Bil
IDKOF
Idemitsu Kosan Co Ltd—Vkgq$9.8 Bil
IDKOY
Idemitsu Kosan Co Ltd ADR—Qrcy$9.2 Bil

Sponsor Center