Phillips 66
Research Phillips 66 (PSX) on Bullrun: valuation model: 12.1% undervalued, market cap USD 94.53B, P/E 13.5, dividend yield 2.1%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerPSX
- ExchangeNYSE
- CountryUnited States
- SectorEnergy
- IndustryOil & Gas Refining & Marketing
- CurrencyUSD
- Valuation signal12.1% undervalued
- Market capUSD 94.53B
- P/E13.5
- Dividend yield2.1%
- Financial periodQ2 2026
- RevenueUSD 51.00B
- Net incomeUSD 3.85B
- Free cash flowUSD 6.53B
- Gross margin13.2%
Valuation Snapshot
Bullrun's latest valuation model marks Phillips 66 as 12.1% undervalued; latest market cap is USD 94.53B; P/E is 13.5; dividend yield is 2.1%.
Peer valuation comparison
Latest P/E is 13.48x versus a Energy sector median of 14.75x (8.6% below).
Latest dividend yield is 2.09% versus a Energy sector median of 3.8% (45.0% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 132.38B | USD 4.40B | USD 2.73B | 12.3% | 10.79 | USD 1.12B | USD 1.04B | USD 29.09B |
| FY2024 | USD 143.15B | USD 2.12B | USD 2.33B | 9.2% | 4.99 | USD 1.74B | USD 1.83B | USD 27.41B |
| FY2023 | USD 147.40B | USD 7.02B | USD 4.87B | 13.1% | 15.48 | USD 3.32B | USD 1.48B | USD 30.58B |
| FY2022 | USD 169.99B | USD 11.02B | n/a | 11.8% | 23.27 | USD 6.13B | USD 529.00M | USD 29.49B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 94.53B | 13.5 | 2.1% | 5.01 |
| 2025 | 2025-12-31 | USD 51.76B | 11.9 | 3.7% | 4.75 |
| 2024 | 2024-12-31 | USD 46.53B | 23.1 | 3.9% | 4.5 |
| 2023 | 2023-12-29 | USD 58.58B | 8.0 | 3.2% | 4.2 |
| 2022 | 2022-12-30 | USD 49.19B | 4.8 | 3.7% | 3.83 |
| 2021 | 2021-12-31 | USD 31.76B | 24.6 | 5.0% | 3.62 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 5.01 USD, yield 2.1%.
| Year | Dividends/share |
|---|---|
| FY2025 | 4.75 USD |
| FY2024 | 4.5 USD |
| FY2023 | 4.2 USD |
| FY2022 | 3.83 USD |
About Phillips 66
Phillips 66 operates as an integrated downstream energy provider in the United States, the United Kingdom, Germany, and internationally. It operates through five segments: Midstream, Chemicals, Refining, Marketing and Specialties (M&S), and Renewable Fuels. The Midstream segment provides crude oil and refined petroleum product transportation, terminaling, and storage services, as well as natural gas and natural gas liquids (NGL) gathering, processing, transportation, fractionation, storage and marketing services.
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Frequently asked questions
Is Phillips 66 overvalued or undervalued?
Bullrun's valuation model currently marks Phillips 66 as 12.1% undervalued.
What is Phillips 66's market cap?
Phillips 66's market capitalization is USD 94.53B.
What is Phillips 66's P/E ratio?
Phillips 66's price-to-earnings (P/E) ratio is 13.5.
Does Phillips 66 pay a dividend?
Phillips 66 has a dividend yield of 2.1%.
What does Phillips 66 do?
Phillips 66 operates as an integrated downstream energy provider in the United States, the United Kingdom, Germany, and internationally. It operates through five segments: Midstream, Chemicals, Refining, Marketing and Specialties (M&S), and Renewable Fuels. The Midstream segment provides crude oil and refined petroleum product transportation, terminaling, and storage services, as well as natural gas and natural gas liquids (NGL) gathering, processing, transportation, fractionation, storage and marketing services. It also exports liquefied petroleum gas.