Operating Income for Phillips 66 (PSX)
According to Phillips 66's latest reported financial statements, the company's current operating income (TTM) is $3.32B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
PSX
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$3.32B
YoY change
+51.4%
5Y CAGR
N/A
Peak year (2022)
$10.07B
Cumulative operating income
$51.59B
Operating Income history chart for Phillips 66 (PSX) from 2009 to 2025
Operating Income history table for Phillips 66 (PSX) from 2009 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $3.52B | +51.4% | ||
| 2024 | $2.32B | -71.9% | ||
| 2023 | $8.27B | -17.9% | ||
| 2022 | $10.07B | +722.3% | ||
| 2021 | $1.23B | -167.0% | ||
| 2020 | -$1.83B | -156.7% | ||
| 2019 | $3.23B | -36.0% | ||
| 2018 | $5.04B | +150.3% | ||
| 2017 | $2.01B | +31.3% | ||
| 2016 | $1.53B | -63.1% | ||
| 2015 | $4.15B | +65.3% | ||
| 2014 | $2.51B | +1.9% | ||
| 2013 | $2.46B | -45.3% | ||
| 2012 | $4.51B | +146.0% | ||
| 2011 | $1.83B | +64.4% | ||
| 2010 | $1.11B | -380.2% | ||
| 2009 | -$398.00M | — |
Operating 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
In 2025, Phillips 66 (PSX) operating income totalled $3.52B – surged 51.4% year-over-year.
Over 2015–2025 (10 years), Phillips 66 operating income expanded at a -1.6% compound annual rate, with a net decline across the window.
Phillips 66 operating income plunged from $10.07B in 2022 to $3.52B in 2025, a 65.1% drawdown.
2022 marks the peak operating income at $10.07B, with the historical low of -$1.83B recorded in 2020.
Within Energy, Phillips 66 (PSX) ranks 9th among 8 peers we track. The peer median for operating income is $9.44B.
Phillips 66 Operating Income by Year
Phillips 66 Operating Income 2025: $3.52B
Phillips 66 operating income in 2025 was $3.52B, surged 51.4% from 2024.
Phillips 66 Operating Income 2024: $2.32B
Phillips 66 operating income in 2024 was $2.32B, plunged 71.9% below 2023.
Phillips 66 Operating Income 2023: $8.27B
Phillips 66 operating income in 2023 was $8.27B, declined 17.9% below 2022.
Phillips 66 Operating Income 2022: $10.07B
Phillips 66 operating income in 2022 was $10.07B, surged 722.3% from 2021. This figure represents the highest annual value in the available history.
Phillips 66 Operating Income 2021: $1.23B
Phillips 66 operating income in 2021 was $1.23B.
See more financial history for Phillips 66 (PSX).
Sector peers — Operating Income
Companies in the same sector as Phillips 66, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $33.94B | Energy |
| Chevron Corporation (CVX) | $16.67B | Energy |
| ConocoPhillips (COP) | $11.49B | Energy |
| Enbridge Inc. (ENB) | $10.96B | Energy |
| EOG Resources, Inc. (EOG) | $7.93B | Energy |
| SLB N.V. (SLB) | $5.46B | Energy |
| The Williams Companies, Inc. (WMB) | $4.40B | Energy |
| Valero Energy Corporation (VLO) | $4.31B | Energy |
Frequently asked questions
What is Phillips 66's operating income?
- Latest reported operating income for Phillips 66 (PSX) is $3.32B (period ending December 31, 2025).
How has Phillips 66 operating income changed year-over-year?
- Phillips 66 (PSX) operating income changed +51.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Phillips 66 operating income?
- Phillips 66 (PSX) operating income compound annual growth rate is -1.6% over the most recent 10 years available.
When did Phillips 66 operating income hit its highest annual value?
- Phillips 66 operating income reached its highest annual value of $10.07B in 2022.
What was Phillips 66 operating income in 2024?
- Phillips 66 (PSX) operating income in 2024 was $2.32B.
What was Phillips 66 operating income in 2025?
- Phillips 66 (PSX) operating income in 2025 was $3.52B.
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