PSX

NYSE · Energy

Phillips 66

Q: Is PSX stock a good investment?

Phillips 66 trades at valuations closely tied to refining crack spreads, which are volatile and difficult to predict. When the difference between crude oil input costs and refined product prices widens, earnings surge; when margins compress, results deteriorate quickly. The midstream and chemicals segments provide some earnings stability. The company has also returned substantial capital to shareholders through buybacks and dividends. Investors need to be comfortable with the inherent cyclicality of refining economics and the long-term energy transition headwinds facing the sector.

Q: Who are Phillips 66's main competitors?

Valero Energy is the most direct competitor, as the largest independent refiner in the U.S. with similar scale and geographic reach. Marathon Petroleum operates a comparable refining and midstream business. Shell and BP compete in integrated energy and chemicals. In the midstream space, Enterprise Products Partners and Energy Transfer are significant rivals. In chemicals, LyondellBasell and Dow compete on overlapping petrochemical product lines.

Q: Where is PSX trading today?

PSX is currently trading at $181.29, down 1.54% in today's session. Over the past 52 weeks, the stock has traded between a low of $91.01 and a high of $169.62. The current price represents 100% of its 52-week range, which helps investors gauge where the stock sits relative to its recent trading history.

Q: What are analyst ratings for PSX stock?

Among 27 analysts covering PSX, the consensus rating is Hold — 13 rate it a buy, 13 hold, and 1 sell. The average price target sits at $93.36, implying 49% downside from the current price. Keep in mind that analyst targets reflect 12-month expectations and can shift quickly after earnings reports or major company events.

Q: How much revenue does Phillips 66 generate?

Phillips 66 generated $127.22B in revenue during fiscal year 2026, with $4.23B reaching the bottom line as net income. The net profit margin of 3.3% reflects the competitive nature of its industry.

Q: What is the price-to-earnings ratio for PSX?

PSX trades at a P/E ratio of 14.78 on trailing earnings of $10.78 per share. That's below the S&P 500 average, suggesting the market may see limited growth or is pricing in sector-specific risks. Comparing this multiple against Energy sector peers gives better context than the broad market alone, since P/E norms vary significantly across industries.

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$181.29

-2.83 (-1.54%)

Day Range $179.76 — $185.23

52W Range $91.01 — $169.62

Performance

1D —

1W —

1M —

3M +41.91%

6M +31.78%

1Y +43.23%

YTD +38.85%

Open$181.90

Previous Close$184.12

Day High$185.23

Day Low$179.76

52W High$169.62

52W Low$91.01

Volume—

Avg Volume2.98M

Market Cap65.08B

P/E Ratio14.78

EPS$10.78

SectorEnergy

Technical Indicators

Full analysis →

SMA 50 $141.89 Above

SMA 200 $131.07 Above

RSI (14) 65.9 Neutral

Trend Golden Cross Bullish

Analyst Ratings

Hold

27 analysts

13 Buy 13 Hold 1 Sell

Price Target -48.5% upside

Current
$181.29

Target
$93.36

$73.72 $93.36 avg $117.12

Key Financials

	FY 2026	FY 2025	FY 2024
Revenue	127.22B	138.29B	41.52B
Net Income	4.23B	4.14B	5.08B
Profit Margin	3.3%	3.2%	12.2%
EBITDA	7.55B	7.80B	7.60B
Free Cash Flow	—	—	3.22B
Rev Growth	-8.0%	-8.0%	+24.0%
Debt/Equity	0.68	0.68	0.29

Dividend

Dividend Yield3.05%

Annual Dividend$4.75

Payout Ratio43.7%

Frequencyquarterly

Ex-DividendFeb 24, 2026

Pay DateMar 14, 2026

About Phillips 66

Phillips 66 is a diversified energy manufacturing and logistics company headquartered in Houston, Texas, operating across refining, midstream, chemicals, and marketing and specialties segments. The company is one of the largest independent refiners in the United States, operating refineries in North America and Europe capable of processing a broad slate of crude oils into transportation fuels and other products. Through its joint venture with Chevron, CPChem, Phillips 66 also has a significant presence in the global petrochemicals industry. Its midstream segment transports, fractionates, and markets natural gas liquids, crude oil, and refined products through an extensive pipeline and terminal network.

Energy Peers

Symbol	Name	Price	Change	P/E	Mkt Cap
XOM	Exxon Mobil Corp	$163.26	-1.28%	22.1	637.07B
CVX	Chevron Corporation	$205.15	-0.79%	30.3	372.06B
ENB	Enbridge Inc	$54.48	+0.07%	21.6	161.85B
TTE	Totalenergies Se	$89.26	+0.53%	8.3	168.10B
COP	Conocophillips	$128.93	-0.32%	19.4	155.27B
CNQ	Canadian Natural Resources	$49.18	+0.33%	13.4	144.98B

PSX Frequently Asked Questions

What does Phillips 66 do?

Phillips 66 earns most of its income by turning crude oil into gasoline, diesel, jet fuel, and chemicals, but what distinguishes it from pure refiners is its diversification. Its midstream segment — pipelines, storage terminals, and NGL fractionation — provides a steadier income stream than refining margins, which swing with commodity spreads. The chemicals joint venture with Chevron, CPChem, adds petrochemical exposure. Together, these four business lines make Phillips 66 one of the more integrated and diversified players in the downstream energy sector.

Is PSX stock a good investment?

Phillips 66 trades at valuations closely tied to refining crack spreads, which are volatile and difficult to predict. When the difference between crude oil input costs and refined product prices widens, earnings surge; when margins compress, results deteriorate quickly. The midstream and chemicals segments provide some earnings stability. The company has also returned substantial capital to shareholders through buybacks and dividends. Investors need to be comfortable with the inherent cyclicality of refining economics and the long-term energy transition headwinds facing the sector.

Who are Phillips 66's main competitors?

Valero Energy is the most direct competitor, as the largest independent refiner in the U.S. with similar scale and geographic reach. Marathon Petroleum operates a comparable refining and midstream business. Shell and BP compete in integrated energy and chemicals. In the midstream space, Enterprise Products Partners and Energy Transfer are significant rivals. In chemicals, LyondellBasell and Dow compete on overlapping petrochemical product lines.

Does Phillips 66 pay dividends?

Phillips 66 has maintained a dividend since being spun off from ConocoPhillips in 2012, with a history of regular increases. The company has also been an active buyer of its own shares, framing capital return as a core component of its investment thesis. During periods of strong refining margins, the company has supplemented its base dividend with accelerated buybacks rather than large one-time special dividends. The dividend yield typically positions it as a meaningful income generator within the energy sector.

Where is PSX trading today?

PSX is currently trading at $181.29, down 1.54% in today's session. Over the past 52 weeks, the stock has traded between a low of $91.01 and a high of $169.62. The current price represents 100% of its 52-week range, which helps investors gauge where the stock sits relative to its recent trading history.

What are analyst ratings for PSX stock?

Among 27 analysts covering PSX, the consensus rating is Hold — 13 rate it a buy, 13 hold, and 1 sell. The average price target sits at $93.36, implying 49% downside from the current price. Keep in mind that analyst targets reflect 12-month expectations and can shift quickly after earnings reports or major company events.

How much revenue does Phillips 66 generate?

Phillips 66 generated $127.22B in revenue during fiscal year 2026, with $4.23B reaching the bottom line as net income. The net profit margin of 3.3% reflects the competitive nature of its industry.

What is the price-to-earnings ratio for PSX?

PSX trades at a P/E ratio of 14.78 on trailing earnings of $10.78 per share. That's below the S&P 500 average, suggesting the market may see limited growth or is pricing in sector-specific risks. Comparing this multiple against Energy sector peers gives better context than the broad market alone, since P/E norms vary significantly across industries.

How has PSX performed compared to last year?

Performance varies across timeframes, reflecting shifting market conditions. Returns by timeframe: +41.91% (3M), +31.78% (6M), +43.23% (1Y), +38.85% (YTD). Comparing these figures against the S&P 500 and sector benchmarks helps determine whether PSX is outperforming or lagging the broader market.