Gross Profit for Phillips 66 (PSX)
According to Phillips 66's latest reported financial statements, the company's current gross profit (TTM) is $6.53B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
PSX
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$6.53B
YoY change
+33.4%
5Y CAGR
+104.8%
Peak year (2011)
$18.72B
Cumulative gross profit
$130.24B
Gross Profit history chart for Phillips 66 (PSX) from 2009 to 2025
Gross Profit history table for Phillips 66 (PSX) from 2009 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $6.49B | +33.4% | ||
| 2024 | $4.86B | -56.9% | ||
| 2023 | $11.29B | -11.6% | ||
| 2022 | $12.77B | +278.0% | ||
| 2021 | $3.38B | +1777.2% | ||
| 2020 | $180.00M | -96.6% | ||
| 2019 | $5.32B | -25.6% | ||
| 2018 | $7.14B | +73.5% | ||
| 2017 | $4.12B | +18.3% | ||
| 2016 | $3.48B | -43.2% | ||
| 2015 | $6.12B | +35.5% | ||
| 2014 | $4.52B | +7.7% | ||
| 2013 | $4.20B | -36.4% | ||
| 2012 | $6.60B | -64.7% | ||
| 2011 | $18.72B | +13.4% | ||
| 2010 | $16.51B | +13.4% | ||
| 2009 | $14.56B | — |
Gross Profit values are taken from Phillips 66's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Phillips 66 (PSX) gross profit totalled $6.49B – surged 33.4% year-over-year.
Over 2020–2025 (5 years), Phillips 66 gross profit expanded at a +104.8% compound annual rate, with the latest reading among the more recent periods of the dataset.
Between 2011 and 2025, Phillips 66 gross profit plunged 65.3%, falling from $18.72B to $6.49B.
The dataset's maximum gross profit sits at $18.72B (2011); the minimum reading of $180.00M dates to 2020.
Within Energy, Phillips 66 (PSX) ranks 7th among 8 peers we track. The peer median for gross profit is $14.92B.
Phillips 66 Gross Profit by Year
Phillips 66 Gross Profit 2025: $6.49B
Phillips 66 gross profit in 2025 was $6.49B, surged 33.4% from 2024.
Phillips 66 Gross Profit 2024: $4.86B
Phillips 66 gross profit in 2024 was $4.86B, plunged 56.9% below 2023.
Phillips 66 Gross Profit 2023: $11.29B
Phillips 66 gross profit in 2023 was $11.29B, declined 11.6% below 2022.
Phillips 66 Gross Profit 2022: $12.77B
Phillips 66 gross profit in 2022 was $12.77B, surged 278.0% from 2021.
Phillips 66 Gross Profit 2021: $3.38B
Phillips 66 gross profit in 2021 was $3.38B.
See more financial history for Phillips 66 (PSX).
Sector peers — Gross Profit
Companies in the same sector as Phillips 66, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $70.23B | Energy |
| Chevron Corporation (CVX) | $56.09B | Energy |
| Enbridge Inc. (ENB) | $21.50B | Energy |
| EOG Resources, Inc. (EOG) | $15.37B | Energy |
| ConocoPhillips (COP) | $14.46B | Energy |
| SLB N.V. (SLB) | $6.50B | Energy |
| Valero Energy Corporation (VLO) | $5.37B | Energy |
| The Williams Companies, Inc. (WMB) | $5.12B | Energy |
Frequently asked questions
What is Phillips 66's gross profit?
- Latest reported gross profit for Phillips 66 (PSX) is $6.53B (period ending December 31, 2025).
How has Phillips 66 gross profit changed year-over-year?
- Phillips 66 (PSX) gross profit changed +33.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Phillips 66 gross profit?
- Phillips 66 (PSX) gross profit compound annual growth rate is +104.8% over the most recent 5 years available.
When did Phillips 66 gross profit hit its highest annual value?
- Phillips 66 gross profit reached its highest annual value of $18.72B in 2011.
What was Phillips 66 gross profit in 2024?
- Phillips 66 (PSX) gross profit in 2024 was $4.86B.
What was Phillips 66 gross profit in 2025?
- Phillips 66 (PSX) gross profit in 2025 was $6.49B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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