Net Income for Phillips 66 (PSX)
According to Phillips 66's latest reported financial statements, the company's current net income (TTM) is $4.40B USD. Net income is the bottom-line profit after all expenses — cost of goods sold, operating expenses, interest, and taxes — are subtracted from revenue. It is the figure used to compute earnings per share (EPS) and is the residual available to shareholders.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
PSX
Currently viewingNet IncomeSwitch metric
TTM (last 4 quarters)
$4.40B
YoY change
+108.0%
5Y CAGR
N/A
Peak year (2022)
$11.02B
Cumulative net income
$60.04B
Net Income history chart for Phillips 66 (PSX) from 2009 to 2025
Net Income history table for Phillips 66 (PSX) from 2009 to 2025
| Fiscal year | Period ended | Reported | Net Income | YoY |
|---|---|---|---|---|
| 2025 | $4.40B | +108.0% | ||
| 2024 | $2.12B | -69.8% | ||
| 2023 | $7.00B | -36.5% | ||
| 2022 | $11.02B | +738.3% | ||
| 2021 | $1.31B | -133.0% | ||
| 2020 | -$3.98B | -229.5% | ||
| 2019 | $3.08B | -45.0% | ||
| 2018 | $5.59B | +9.6% | ||
| 2017 | $5.11B | +228.4% | ||
| 2016 | $1.55B | -63.2% | ||
| 2015 | $4.23B | -11.2% | ||
| 2014 | $4.76B | +27.8% | ||
| 2013 | $3.73B | -9.7% | ||
| 2012 | $4.12B | -13.6% | ||
| 2011 | $4.78B | +549.7% | ||
| 2010 | $735.00M | +54.4% | ||
| 2009 | $476.00M | — |
Net Income 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
Phillips 66 (PSX) most recent annual net income stands at $4.40B (2025) – surged 108.0% year-over-year.
Looking at the 2015–2025 (10 years) stretch, Phillips 66 net income compounded at +0.4% per year, with the latest reading among the more recent periods of the dataset.
Between 2022 and 2025, Phillips 66 net income plunged 60.1%, falling from $11.02B to $4.40B.
The dataset's maximum net income sits at $11.02B (2022); the minimum reading of -$3.98B dates to 2020.
Within Energy, Phillips 66 (PSX) ranks 6th among 8 peers we track. The peer median for net income is $6.24B.
Phillips 66 Net Income by Year
Phillips 66 Net Income 2025: $4.40B
Phillips 66 net income in 2025 was $4.40B, surged 108.0% from 2024.
Phillips 66 Net Income 2024: $2.12B
Phillips 66 net income in 2024 was $2.12B, plunged 69.8% below 2023.
Phillips 66 Net Income 2023: $7.00B
Phillips 66 net income in 2023 was $7.00B, plunged 36.5% below 2022.
Phillips 66 Net Income 2022: $11.02B
Phillips 66 net income in 2022 was $11.02B, surged 738.3% from 2021. This figure represents the highest annual value in the available history.
Phillips 66 Net Income 2021: $1.31B
Phillips 66 net income in 2021 was $1.31B.
See more financial history for Phillips 66 (PSX).
Sector peers — Net Income
Companies in the same sector as Phillips 66, ranked by their latest net income.
| Company | Net Income | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $28.84B | Energy |
| Chevron Corporation (CVX) | $12.30B | Energy |
| ConocoPhillips (COP) | $7.99B | Energy |
| Enbridge Inc. (ENB) | $7.49B | Energy |
| EOG Resources, Inc. (EOG) | $4.98B | Energy |
| SLB N.V. (SLB) | $3.35B | Energy |
| The Williams Companies, Inc. (WMB) | $2.62B | Energy |
| Valero Energy Corporation (VLO) | $2.35B | Energy |
Frequently asked questions
What is Phillips 66's net income?
- Latest reported net income for Phillips 66 (PSX) is $4.40B (period ending December 31, 2025).
How has Phillips 66 net income changed year-over-year?
- Phillips 66 (PSX) net income changed +108.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Phillips 66 net income?
- Phillips 66 (PSX) net income compound annual growth rate is +0.4% over the most recent 10 years available.
When did Phillips 66 net income hit its highest annual value?
- Phillips 66 net income reached its highest annual value of $11.02B in 2022.
What was Phillips 66 net income in 2024?
- Phillips 66 (PSX) net income in 2024 was $2.12B.
What was Phillips 66 net income in 2025?
- Phillips 66 (PSX) net income in 2025 was $4.40B.
Metrics overview
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