Phillips 66 Stock Research

Market Summary

USD101.38+1.39

Delayed

1.39%

PSX Alerts

Big jump in Earnings (Y/Y)

PSX Stock Price

PSX RSI Chart

PSX Valuation

Market Cap

48.8B

Price/Earnings (Trailing)

4.43

Price/Sales (Trailing)

0.28

Price/Free Cashflow

4.51

PSX Price/Sales (Trailing)

PSX Profitability

Return on Equity

37.38%

Return on Assets

14.42%

Free Cashflow Yield

22.16%

PSX Fundamentals

PSX Revenue

Revenue (TTM)

175.7B

Revenue Y/Y

21.86%

Revenue Q/Q

-16.11%

PSX Earnings

Earnings (TTM)

11.0B

Earnings Y/Y

48%

Earnings Q/Q

-65.05%

Price Action

52 Week Range

73.37112.85

(Low)(High)

Last 7 days

8.2%

Last 30 days

-5.5%

Last 90 days

-2.6%

Trailing 12 Months

20.9%

PSX Financial Health

Current Ratio

1.38

Debt/Equity

0.56

Debt/Cashflow

0.65

PSX Investor Care

Dividend Yield

3.78%

Dividend/Share (TTM)

3.83

Shares Dilution (1Y)

9.36%

Diluted EPS (TTM)

23.27

Peers (Alternatives to Phillips 66)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
XOM	447.6B	413.7B	-1.11%	37.58%	8.03	1.08	44.83%	141.93%
CVX	315.3B	246.3B	0.68%	3.64%	8.89	1.28	51.57%	126.98%
COP	125.6B	82.2B	-6.63%	3.76%	6.72	1.53	69.92%	131.22%
MPC	66.2B	180.0B	4.37%	60.62%	4.56	0.37	48.81%	49.07%
PSX	48.8B	175.7B	-5.46%	20.91%	4.43	0.28	52.98%	737.05%
APA	14.4B	11.9B	-9.01%	-11.66%	4.67	1.31	50.58%	232.96%
MID-CAP
MUR	5.7B	4.2B	-7.73%	-6.78%	5.96	1.36	50.65%	1409.36%
PBF	5.3B	46.8B	-7.61%	78.71%	1.84	0.11	71.83%	1145.37%
CVI	3.3B	10.9B	-0.50%	59.90%	7.12	0.3	50.46%	1752.00%
REGI	3.1B	-	0.65%	-11.32%	16.6	0.85	-	-
CPE	2.1B	3.2B	-15.94%	-43.40%	1.7	0.64	60.18%	231.32%
SMALL-CAP
GPRE	1.8B	3.7B	-12.28%	-0.06%	-14.44	0.5	29.56%	-92.78%
CLMT	1.4B	4.7B	-11.37%	27.70%	-8.36	0.29	48.88%	36.52%
GEVO	365.2M	3.0M	-16.30%	-67.09%	-3.73	120.03	327.99%	-65.54%

Financials for Phillips 66

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	4.4%	175,702	168,363	151,071	129,647	114,852
S&GA Expenses	7.5%	2,168	2,017	1,824	1,769	1,744
EBITDA	-	-3,179	-	-	-	-
EBITDA Margin	-	-0.03*	-	-	-	-
EBT Margin	-	-0.04*	-	-	-	-
Interest Expenses	-	549	-	-	-	-
Net Income	5.9%	11,024	10,413	5,424	2,553	1,317
Net Income Margin	1.4%	0.06*	0.06*	0.04*	0.02*	-
Free Cahsflow	37.5%	10,813	7,863	6,922	6,882	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-1.2%	76,442	77,339	62,812	60,638	55,594
Current Assets	-5.8%	21,922	23,270	22,492	19,854	14,697
Cash Equivalents	63.8%	6,133	3,744	2,809	3,335	3,147
Inventory	-23.7%	3,276	4,294	4,580	4,530	3,394
Goodwill	0%	1,486	1,486	1,486	1,484	1,484
Liabilities	-3.8%	42,336	44,030	38,239	38,517	33,957
Current Liabilities	-11.1%	15,889	17,882	17,608	17,603	12,801
Long Term Debt	0.2%	16,661	16,625	12,443	12,960	12,959
Shareholder's Equity	4.5%	29,494	28,233	24,573	22,121	19,166
Retained Earnings	5.9%	25,432	24,008	19,087	16,391	16,216
Additional Paid-In Capital	0.3%	19,791	19,738	19,717	19,667	20,504
Shares Outstanding	-0.4%	481	483	449	-	-
Minority Interest	-9.1%	4,612	5,076	297	306	2,471

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	37.5%	10,813	7,863	6,922	6,882	6,017
Share Based Compensation	-	144	-	-	-	-
Cashflow From Investing	17.9%	-1,488	-1,813	-1,772	-1,833	-1,872
Cashflow From Financing	-24.7%	-6,388	-5,124	-4,472	-3,037	-3,470
Dividend Payments	3.0%	1,793	1,740	1,668	1,595	1,585
Buy Backs	9.0%	1,513	1,388	0.00	0.00	-

Risks for PSX

What is the probability of a big loss on PSX?

81.9%

Probability that Phillips 66 stock will be more than 20% underwater in next one year

40.8%

Probability that Phillips 66 stock will be more than 30% underwater in next one year.

25%

Probability that Phillips 66 stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PSX drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Phillips 66 was unfortunately bought at previous high price.

Drawdowns

Returns for PSX

Cumulative Returns on PSX

7.8%

10-Year Cumulative Returns

6.3%

7-Year Cumulative Returns

5.2%

5-Year Cumulative Returns

29.1%

3-Year Cumulative Returns

What are the long-term rolling returns for PSX?

FIve years rolling returns for Phillips 66.

Annualized Returns

Which funds bought or sold PSX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-27	Neo Ivy Capital Management	added	63.03	120,000	229,000	0.16%
2023-03-23	MetLife Investment Management, LLC	reduced	-3.33	2,539,830	12,846,800	0.10%
2023-03-22	Campion Asset Management	reduced	-3.13	112,218	564,218	0.55%
2023-03-17	American Portfolios Advisors	reduced	-2.21	-20,963	542,353	0.02%
2023-03-15	B. Riley Wealth Advisors, Inc.	added	8.39	1,018,670	3,582,670	0.10%
2023-03-10	MATHER GROUP, LLC.	reduced	-8.78	307,718	2,054,720	0.04%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-5.1	10,020,600	54,822,600	0.06%
2023-03-06	BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL	unchanged	-	170,825	760,825	0.29%
2023-03-06	NORTH STAR ASSET MANAGEMENT INC	new	-	282,577	282,577	0.02%
2023-03-06	Rockefeller Capital Management L.P.	added	1.92	7,584,000	31,735,000	0.16%

Latest Funds Activity

Are funds buying PSX calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own PSX

No. of Funds

PSX Alerts

Big jump in Earnings (Y/Y)

Phillips 66 News

Schedule 13G FIlings of Phillips 66

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	10.62%	50,216,131	SC 13G/A
Feb 03, 2023	blackrock inc.	7.9%	37,326,049	SC 13G/A
Feb 03, 2023	state street corp	6.92%	32,689,120	SC 13G/A
Mar 09, 2022	vanguard group inc	10.19%	44,677,746	SC 13G/A
Feb 11, 2022	state street corp	6.76%	29,629,712	SC 13G/A
Feb 09, 2022	vanguard group inc	9.90%	43,385,615	SC 13G/A
Feb 07, 2022	blackrock inc.	7.2%	31,574,587	SC 13G/A
Feb 10, 2021	vanguard group inc	9.79%	42,759,263	SC 13G/A
Feb 09, 2021	state street corp	6.12%	26,710,734	SC 13G
Jan 29, 2021	blackrock inc.	7.5%	32,908,454	SC 13G/A

PSX Fair Value

Phillips 66 fair value in different scenarios

The table shows the Fair Value estimates for Phillips 66 for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	90.00 -11.23%	138.69 36.80%	191.82 89.21%	322.34 217.95%	528.33 421.14%
Current Inflation	226.94 123.85%	354.09 249.27%	525.82 418.66%	636.99 528.32%	703.72 594.14%
Very High Inflation	78.62 -22.45%	111.67 10.15%	149.07 47.04%	239.57 136.31%	383.72 278.50%

Historical Phillips 66 Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Phillips 66

View All Filings

Date Filed	Form Type	Document
Mar 30, 2023	DEF 14A	DEF 14A
Mar 30, 2023	DEFA14A	DEFA14A
Mar 30, 2023	S-4/A	Mergers and Acquisition
Mar 29, 2023	8-K	Current Report
Mar 28, 2023	424B2	Prospectus Filed
Mar 28, 2023	FWP	Prospectus Filed
Mar 27, 2023	424B3	Prospectus Filed
Mar 15, 2023	PRE 14A	PRE 14A
Mar 03, 2023	4	Insider Trading
Feb 22, 2023	S-4	Mergers and Acquisition

Latest Insider Trading transactions for PSX

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-01	HAYES GREGORY	acquired	-	-	108	-
2023-02-07	Mitchell Kevin J	acquired	-	-	12,113	exec. vp and cfo
2023-02-07	Roberts Timothy D.	acquired	-	-	10,110	executive vice president
2023-02-07	Harbison Richard G	acquired	-	-	6,506	senior vp, refining
2023-02-07	Mandell Brian	acquired	-	-	8,818	executive vice president
2023-02-07	Golodryga Zhanna	acquired	-	-	5,367	executive vice president
2023-02-07	Garland Greg C.	acquired	-	-	18,669	executive chairman
2023-02-07	Pruitt Joseph Scott	acquired	-	-	2,365	vice president and controller
2023-02-07	Sutherland Vanessa Allen	acquired	-	-	6,571	evp, gc and secretary
2023-02-07	Lashier Mark E	acquired	-	-	29,870	president and ceo

About Phillips 66

Greg C. Garland

www.phillips66.com

14000

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 petroleum products to market; provides terminaling and storage services for crude oil and refined 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 produces 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, such as gasolines, distillates, aviation, and renewable fuels at 12 refineries in the United States and Europe. The M&S segment purchases for resale and markets refined petroleum products, including gasolines, distillates, and aviation fuels primarily in the United States and Europe. This segment also manufactures and markets specialty products, such as base oils and lubricants. The company was founded in 1875 and is headquartered in Houston, Texas.

PSX Income Statement

2022-12-31

Consolidated Statement of Operations - USD ($) shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues and Other Income
Sales and other operating revenues	$ 169,990	$ 111,476	$ 64,129
Equity in earnings of affiliates	2,968	2,904	1,191
Net gain on dispositions	7	18	108
Other income	2,737	454	66
Total Revenues and Other Income	175,702	114,852	65,494
Costs and Expenses
Purchased crude oil and products	149,932	102,102	57,707
Operating expenses	6,111	5,147	4,563
Selling, general and administrative expenses	2,168	1,744	1,544
Depreciation and amortization	1,629	1,605	1,395
Impairments	60	1,498	4,252
Taxes other than income taxes	530	410	464
Accretion on discounted liabilities	23	24	22
Interest and debt expense	619	581	499
Foreign currency transaction (gains) losses	(9)	1	12
Total Costs and Expenses	161,063	113,112	70,458
Income (loss) before income taxes	14,639	1,740	(4,964)
Income tax expense (benefit)	3,248	146	(1,250)
Net Income (Loss)	11,391	1,594	(3,714)
Less: net income attributable to noncontrolling interests	367	277	261
Net Income (Loss) Attributable to Phillips 66	$ 11,024	$ 1,317	$ (3,975)
Net Income (Loss) Attributable to Phillips 66 Per Share of Common Stock (dollars)
Basic (in dollars per share)	$ 23.36	$ 2.97	$ (9.06)
Diluted (in dollars per share)	$ 23.27	$ 2.97	$ (9.06)
Weighted-Average Common Shares Outstanding (thousands)
Basic (in shares)	471,497	440,028	439,530
Diluted (in shares)	473,731	440,364	439,530

PSX Balance Sheet

2022-12-31

Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	$ 6,133	$ 3,147
Accounts and notes receivable (net of allowances of $67 million in 2022 and $44 million in 2021)	9,497	6,138
Accounts and notes receivable—related parties	1,488	1,332
Inventories	3,276	3,394
Prepaid expenses and other current assets	1,528	686
Total Current Assets	21,922	14,697
Investments and long-term receivables	14,950	14,471
Net properties, plants and equipment	35,163	22,435
Goodwill	1,486	1,484
Intangibles	831	813
Other assets	2,090	1,694
Total Assets	76,442	55,594
Liabilities
Accounts payable	10,748	7,629
Accounts payable—related parties	575	832
Short-term debt	529	1,489
Accrued income and other taxes	1,397	1,254
Employee benefit obligations	764	638
Other accruals	1,876	959
Total Current Liabilities	15,889	12,801
Long-term debt	16,661	12,959
Asset retirement obligations and accrued environmental costs	879	727
Deferred income taxes	6,671	5,475
Employee benefit obligations	937	1,055
Other liabilities and deferred credits	1,299	940
Total Liabilities	42,336	33,957
Equity
Common stock (2,500,000,000 shares authorized at $0.01 par value) Issued (2022—651,844,773 shares; 2019—650,026,318 shares) Par value	7	7
Capital in excess of par	19,791	20,504
Treasury stock (at cost: 2022—186,529,667 shares; 2021—211,771,827 shares)	(15,276)	(17,116)
Retained earnings	25,432	16,216
Accumulated other comprehensive loss	(460)	(445)
Total Stockholders’ Equity	29,494	19,166
Noncontrolling interests	4,612	2,471
Total Equity	34,106	21,637
Total Liabilities and Equity	$ 76,442	$ 55,594