The financials
Phillips 66 by the numbers
Phillips 66 (PSX) reported revenue of $51.0B in Q2 2026 (quarter ended June 30, 2026), up 53% from the same quarter a year earlier. That came with a gross margin of 14% and net income of $3.85B (7.5% of revenue). For the full year FY2025, revenue was $132.4B (−7.5% year on year) and net income $4.40B. Its largest segment in 2026-Q1 was Marketing Speciality at $19.5B, 60% of the disclosed total, just ahead of Refining at 24%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $51.0B | $33.3B | +53% |
| Gross profit | $7.34B | $4.25B | +73% |
| Net income | $3.85B | $877M | +339% |
| Diluted EPS | $9.55 | $2.15 | +344% |
| Operating | Revenue | Share |
|---|---|---|
| Marketing Speciality | $19.5B | 60% |
| Refining | $7.77B | 24% |
| Midstream | $4.72B | 15% |
| Renewable Fuels | $496M | 1.5% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q1 2026Total $32.53B (-5.7%)
Refining grew +36% year on yearRenewable Fuels -32% year on year
Segment Latestquarter on quarteryear on year
- Marketing Speciality$19.54B$19.54BQoQ -11%year on year +2.0%-11%+2.0%
- Refining$7.77B$7.77BQoQ +7.1%year on year +36%+7.1%+36%
- Midstream$4.72B$4.72BQoQ +5.5%year on year -2.3%+5.5%-2.3%
- Renewable Fuels$496.0M$496.0MQoQ -35%year on year -32%-35%-32%
- Chemicals$0.00$0.00QoQ -year on year ---
Oil & Gas Refining & Marketing
Ranks #7 of 11 by Smart Score