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Phillips 66 (PSX) Stock Analysis

This is a peer-relative look at Phillips 66 (PSX): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Energy peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Phillips 66 (PSX)
Profile ItemPSX
NamePhillips 66
Country/RegionUnited States
GICS SectorEnergy
GICS Industry GroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Refining & Marketing
Market Capitalization95.85 billion USD
CurrencyUSD
ExchangeNYSE
Listing DateApril 12, 2012
Security TypeCommon Stock

Price Performance

Cumulative Growth

PSX
GSPC
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Phillips 66 (PSX) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Phillips 66 (PSX) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Phillips 66 (PSX) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Phillips 66 (PSX) metric values compared with Energy industry-group medians
MetricCurrent stock: PSXIndustry group median
Total Return (1Y)88.91%32.08%
Total Return (3Y, Annualized)36.18%14.39%
Total Return (5Y, Annualized)30.83%15.43%

Risk Profile

Drawdown History

PSX
GSPC
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Phillips 66 (PSX) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Phillips 66 (PSX) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Phillips 66 (PSX) metric values compared with Energy industry-group medians
MetricCurrent stock: PSXIndustry group median
Volatility (1Y, Annualized)33.42%41.29%
Beta (5Y)0.720.66
Max Drawdown (5Y)-44.37%-52.09%

Risk-Adjusted Performance

Risk-Return Positioning

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Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. PSX is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Phillips 66 (PSX) metric values compared with Energy industry-group medians
MetricCurrent stock: PSXIndustry group median
Sharpe Ratio (1Y)2.530.67
Sortino Ratio (1Y)3.931.01

Profitability

ROE (TTM)

Phillips 66 (PSX) posts ROE of 39.84%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

PSX

Energy industry group

39.84%

Group distribution
Max
53.85%
PSX
39.84%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%
Largest peers
PSX
39.84%
PBR
30.27%
TTE
17.83%
COP
17.66%
SHEL
17.43%
XOM
15.53%
CVX
13.85%
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Where Phillips 66 (PSX) stands on ROE within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Phillips 66 (PSX) keeps 7.48% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

PSX

Energy industry group

7.48%

Group distribution
Max
56.92%
Q3
22.92%
Median
10.10%
PSX
7.48%
Q1
0.07%
Min
-27.38%
Largest peers
PBR
24.32%
COP
16.76%
CVX
11.92%
XOM
10.46%
TTE
10.46%
SHEL
10.18%
PSX
7.48%
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Where Phillips 66 (PSX) stands on net margin within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Phillips 66 (PSX) turns 13.17% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

PSX

Energy industry group

13.17%

Group distribution
Max
71.31%
Q3
33.75%
Median
18.73%
PSX
13.17%
Q1
6.94%
Min
-24.52%
Largest peers
PBR
44.68%
COP
30.05%
TTE
24.51%
SHEL
18.76%
CVX
17.89%
XOM
16.98%
PSX
13.17%
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Where Phillips 66 (PSX) stands on operating margin within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Phillips 66 (PSX) metric values compared with Energy industry-group medians
MetricCurrent stock: PSXIndustry group median
ROE (TTM)39.84%12.85%
ROA (TTM)10.64%5.49%
Net Margin (TTM)7.48%10.10%
Operating Margin (TTM)13.17%18.73%
Gross Margin (TTM)15.08%44.52%

Growth

Revenue Growth

Phillips 66 (PSX) grew revenue -7.53%, in the lower peer quartile. The top line is expanding more slowly than at most peers, which can reflect softer demand, lost share, or weaker pricing.

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Phillips 66 (PSX): Revenue Growth across different time periods, set against Energy industry-group medians.

EPS Growth

Phillips 66 (PSX) grew earnings per share 116.23%, in the upper peer quartile. Per-share profits are compounding faster than at most industry peers.

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Phillips 66 (PSX): EPS Growth across different time periods, set against Energy industry-group medians.

Growth Metrics

Phillips 66 (PSX) metric values compared with Energy industry-group medians
MetricCurrent stock: PSXIndustry group median
Revenue Growth (YoY)-7.53%0.51%
Revenue Growth (3Y CAGR)-8.00%0.37%
EPS Growth (YoY)116.23%-11.75%
EPS Growth (3Y CAGR)-22.60%-12.07%

Financial Strength

Current Ratio (MRQ)

Phillips 66 (PSX) has current ratio of 1.34, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

PSX

Energy industry group

1.34

Group distribution
Max
3.64
Q3
2.21
Median
1.41
PSX
1.34
Q1
0.88
Min
0.24
Largest peers
COP
1.52
SHEL
1.38
PSX
1.34
CVX
1.34
XOM
1.19
TTE
1.11
PBR
0.85
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Where Phillips 66 (PSX) stands on current ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Phillips 66 (PSX) has debt-to-equity ratio of 0.52, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

PSX

Energy industry group

0.52

Group distribution
Max
1.75
Q3
0.93
Median
0.54
PSX
0.52
Q1
0.30
Min
0.00
Largest peers
PBR
0.76
PSX
0.52
TTE
0.46
SHEL
0.38
COP
0.35
CVX
0.17
XOM
0.13
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Where Phillips 66 (PSX) stands on debt-to-equity ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Phillips 66 (PSX) metric values compared with Energy industry-group medians
MetricCurrent stock: PSXIndustry group median
Current Ratio (MRQ)1.341.41
Debt / Equity (MRQ)0.520.54
Net Debt / EBITDA0.821.13

Dividends

Dividend Yield (TTM)

Phillips 66 (PSX) has dividend yield of 2.03%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

PSX

Energy industry group

2.03%

Group distribution
Max
8.57%
Q3
3.58%
PSX
2.03%
Median
1.71%
Q1
0.00%
Min
0.00%
Largest peers
PBR
19.51%
TTE
4.58%
CVX
3.31%
XOM
2.49%
COP
2.48%
PSX
2.03%
SHEL
1.54%
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Where Phillips 66 (PSX) stands on dividend yield within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Phillips 66 (PSX) has payout ratio of 16.07%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

PSX

Energy industry group

16.07%

Group distribution
Max
133.24%
Q3
53.31%
Median
25.24%
PSX
16.07%
Q1
0.00%
Min
0.00%
Largest peers
CVX
51.76%
XOM
42.39%
TTE
39.93%
COP
35.41%
PBR
28.93%
SHEL
26.24%
PSX
16.07%
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Where Phillips 66 (PSX) stands on payout ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Phillips 66 (PSX) metric values compared with Energy industry-group medians
MetricCurrent stock: PSXIndustry group median
Dividend Yield (TTM)2.03%1.71%
Dividend Payout Ratio (TTM)16.07%25.24%

Valuation

P/E Ratio (TTM)

Phillips 66 (PSX) trades at P/E ratio of 7.88, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

PSX

Energy industry group

7.88

Group distribution
Max
39.54
Q3
21.72
Median
12.19
PSX
7.88
Q1
7.71
Min
2.99
Largest peers
XOM
17.06
CVX
15.61
COP
14.36
TTE
8.76
SHEL
8.60
PSX
7.88
PBR
4.68
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Where Phillips 66 (PSX) stands on P/E ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Phillips 66 (PSX) trades at 0.57 on P/S ratio, in the lower sales-valuation quartile for its industry. That points to a cheaper revenue stream than most peers, with margin quality still doing the heavy lifting.

PSX

Energy industry group

0.57

Group distribution
Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
PSX
0.57
Min
0.00
Largest peers
COP
2.34
CVX
1.83
XOM
1.74
TTE
0.90
SHEL
0.87
PSX
0.57
PBR
0.22
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Where Phillips 66 (PSX) stands on P/S ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Phillips 66 (PSX) trades at 2.79 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

PSX

Energy industry group

2.79

Group distribution
Max
4.21
PSX
2.79
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
Largest peers
PSX
2.79
XOM
2.55
COP
2.44
CVX
2.13
TTE
1.46
SHEL
1.43
PBR
1.25
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Where Phillips 66 (PSX) stands on P/B ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Phillips 66 (PSX) metric values compared with Energy industry-group medians
MetricCurrent stock: PSXIndustry group median
P/E Ratio (TTM)7.8812.19
P/S Ratio (TTM)0.571.69
P/B Ratio (MRQ)2.791.51
Free Cash Flow Yield (TTM)9.93%5.94%