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Phillips 66

PSX Energy Oil & Gas Refining & Marketing

Phillips 66’s revenue for fiscal 2025 (year ended December 2025) was $132.4 billion, down 7.53% from fiscal 2024.

Revenue: +46.4%
EPS: +4,338.6%
Free cash flow: +936.3%
Total debt: −14.8%

Quarter to September 2026, against a year earlier

246.81 0.23 −0.09%

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Market cap: $96.4B
P/E: 7.9×
Fwd P/E: 8.9×
Dividend yield: 2.02%
F-score: 7/9
Altman Z: 3.47
Beneish M: −2.82
Dividend safety: 58/100

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Phillips 66 (PSX) Debt to equity

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Phillips 66's debt to equity at the end of the quarter to 30 September 2026 was 0.5×, down 0.1× from fiscal 2025 (0.7×). Over the past ten years it has ranged from 0.4× (fiscal 2017) to 0.7× (fiscal 2020); the current reading is higher than 73% of that period. That is above the Oil & Gas Refining & Marketing industry median of 0.4× and above the Energy sector median of 0.4×.

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<iframe src="https://stockrow.com/embed/PSX/debt-to-equity" width="100%" height="360" style="border:0" loading="lazy" title="Phillips 66 debt to equity, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/PSX/metrics/debt-to-equity">Phillips 66 (PSX) debt to equity — stockrow.com</a></p>

Period	Debt to equity	Change
FY2025	0.7×	(7.49%)
FY2024	0.7×	15.22%
FY2023	0.6×	21.37%
FY2022	0.5×	(24.52%)
FY2021	0.7×	(9.57%)
FY2020	0.7×	70.53%
FY2019	0.4×	5.35%
FY2018	0.4×	11.50%
FY2017	0.4×	(13.74%)
FY2016	0.4×	15.08%

Period	Debt to equity	Change
Sep 2026	0.5×	(17.00%)
Jun 2026	0.6×	(31.20%)
Mar 2026	0.9×	40.17%
Dec 2025	0.7×	(15.85%)
43 more quarters	Free account

Against its own ten years

Low 0.4× High 0.7×

Ten-year median 0.5×

Current reading's percentile 73

Company	Debt to equity
DINO HF Sinclair Corporation compare	0.2×
PBF PBF Energy Inc. compare	0.3×
VLO Valero Energy Corporation compare	0.4×
PSX Phillips 66	0.5×
UGP Ultrapar Participacoes S.A. compare	1.0×
MPC Marathon Petroleum Corporation compare	1.1×
CVI CVR Energy Inc. compare	1.4×
SUN Sunoco LP compare	1.5×
DK Delek US Holdings, Inc. compare	7.5×
Oil & Gas Refining & Marketing industry median	0.4×
Energy sector median	0.4×
Market median	0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

Phillips 66 (PSX) Debt to equity

Debt to equity, annual

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Against its own ten years

Debt to equity against peers

What Debt to equity is

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Debt to equity, annual

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Against its own ten years

Debt to equity against peers

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