Buyback yield (TTM)
1.68%
Shareholder yield (TTM)
4.36%
5Y share count change
-7.2%
Buyback spend (TTM)
$1.23B
Cumulative buybacks
$26.43B
Key takeaways
- Phillips 66 (PSX) repurchased about $1.23B of stock over the trailing twelve months.
- Diluted share count is down 7.2% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- Cash buyback spend has compounded at +22.2% per year over the latest 5-year window.
Dividend & buyback yield over time for Phillips 66 (PSX)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Phillips 66 (PSX)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Phillips 66 (PSX)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Phillips 66 (PSX)
Latest: $1.21B
Overview
2025's annual buyback spend for Phillips 66 (PSX) came in at $1.21B – plunged 65.0% year-over-year.
Phillips 66 buyback spend compound annual growth for the 2020–2025 (5 years) window is +22.2%, with mixed annual results across the window.
Between 2018 and 2025, Phillips 66 buyback spend plunged 74.0%, falling from $4.64B to $1.21B.
The highest annual buyback spend of $4.64B was reported in 2018. The lowest in the available history was $0.00 in 2009.
Phillips 66 Buyback Spend 2025: $1.21B
Phillips 66 posted buyback spend of $1.21B in 2025, plunged 65.0% below 2024.
Phillips 66 Buyback Spend 2024: $3.45B
In 2024, Phillips 66 reported buyback spend of $3.45B, declined 14.0% below 2023.
Phillips 66 Buyback Spend 2023: $4.01B
Phillips 66 buyback spend in 2023 was $4.01B, surged 165.3% from 2022.
Phillips 66 Buyback Spend 2022: $1.51B
Phillips 66 buyback spend in 2022 was $1.51B.
Phillips 66 Buyback Spend 2021: $0.00
Phillips 66 buyback spend in 2021 was $0.00.
See more financial history for Phillips 66 (PSX).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $1.21B | $0.00 | $1.21B | 2.32% | 0.41B | -3.3% | |
| 2024 | $3.45B | $0.00 | $3.45B | 7.26% | 0.42B | -6.9% | |
| 2023 | $4.01B | $0.00 | $4.01B | 6.89% | 0.45B | -4.3% | |
| 2022 | $1.51B | $0.00 | $1.51B | 3.08% | 0.47B | +7.6% | |
| 2021 | $0.00 | $0.00 | $0.00 | — | 0.44B | +0.2% | |
| 2020 | $443.00M | $0.00 | $443.00M | 1.44% | 0.44B | -3.2% | |
| 2019 | $1.65B | $0.00 | $1.65B | 3.33% | 0.45B | -4.3% | |
| 2018 | $4.64B | $0.00 | $4.64B | 11.68% | 0.47B | -8.6% | |
| 2017 | $1.59B | $0.00 | $1.59B | 3.09% | 0.52B | -2.2% | |
| 2016 | $1.05B | $0.00 | $1.05B | 2.33% | 0.53B | -3.1% | |
| 2015 | $1.53B | $0.00 | $1.53B | 3.49% | 0.55B | -4.3% | |
| 2014 | $2.73B | $0.00 | $2.73B | 6.87% | 0.57B | -7.7% | |
| 2013 | $2.25B | $0.00 | $2.25B | 4.87% | 0.62B | -2.8% | |
| 2012 | $356.00M | $0.00 | $356.00M | 1.07% | 0.64B | -0.5% | |
| 2011 | $0.00 | $0.00 | $0.00 | — | 0.64B | 0.0% | |
| 2010 | $0.00 | $0.00 | $0.00 | — | 0.64B | 0.0% | |
| 2009 | $0.00 | $0.00 | $0.00 | — | 0.64B | — |
- 2025$1.21B
- 2024$3.45B
- 2023$4.01B
- 2022$1.51B
- 2021$0.00
- 2020$443.00M
- 2019$1.65B
- 2018$4.64B
- 2017$1.59B
- 2016$1.05B
- 2015$1.53B
- 2014$2.73B
- 2013$2.25B
- 2012$356.00M
- 2011$0.00
- 2010$0.00
- 2009$0.00
Buybacks vs stock-based compensation for Phillips 66 (PSX)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: N/A.
Buybacks vs dividends (share of cash returned) for Phillips 66 (PSX)
How Phillips 66 splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Phillips 66, ranked by their latest buyback spend.
| $20.27B | |
| $11.86B | |
| $5.02B | |
| $3.49B | |
| $2.60B | |
| $2.41B | |
| $0.00 | |
| $0.00 |
- $20.27B
- $11.86B
- $5.02B
- $3.49B
- $2.60B
- $2.41B
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $0.00 (TTM FCF − TTM dividends, clamped at zero).
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