v3.26.1
Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues and Other Income    
Sales and other operating revenues $ 32,540 $ 30,430
Equity in earnings of affiliates 252 153
Net gain on dispositions 6 1,087
Other income 204 56
Total Revenues and Other Income 33,002 31,726
Costs and Expenses    
Purchased crude oil and products 29,216 27,660
Operating expenses 1,881 1,622
Selling, general and administrative expenses 537 519
Depreciation and amortization 558 791
Impairments 8 26
Taxes other than income taxes 234 233
Accretion on discounted liabilities 12 12
Interest and debt expense 286 221
Foreign currency transaction (gains) losses 10 (6)
Total Costs and Expenses 32,742 31,078
Income before income taxes 260 648
Income tax expense 41 122
Net Income 219 526
Less: net income attributable to noncontrolling interests 12 39
Net Income Attributable to Phillips 66 $ 207 $ 487
Net Income Attributable to Phillips 66 Per Share of Common Stock (dollars)    
Basic (in usd per share) $ 0.51 $ 1.19
Diluted (in usd per share) $ 0.51 $ 1.18
Weighted-Average Common Shares Outstanding (thousands)    
Basic (in shares) 402,036 409,182
Diluted (in shares) 403,273 410,505