TTM
4.7%
YoY change
+1.04pp
Trough year (2020)
-2.9%
Peak year (2022)
5.9%
Latest annual
2.7%
Operating Margin history chart for Phillips 66 (PSX) from 2009 to 2025
Latest: 2.7%
Operating Margin change chart for Phillips 66 (PSX) from 2009 to 2025
Latest: +1.04pp
Operating Margin history table for Phillips 66 (PSX) from 2009 to 2025
| 2025 | 2.7% | +1.04pp | ||
| 2024 | 1.6% | -3.99pp | ||
| 2023 | 5.6% | -0.31pp | ||
| 2022 | 5.9% | +4.83pp | ||
| 2021 | 1.1% | +3.96pp | ||
| 2020 | -2.9% | -5.87pp | ||
| 2019 | 3.0% | -1.53pp | ||
| 2018 | 4.5% | +2.28pp | ||
| 2017 | 2.2% | +0.10pp | ||
| 2016 | 2.1% | -2.73pp | ||
| 2015 | 4.9% | +3.16pp | ||
| 2014 | 1.7% | +0.16pp | ||
| 2013 | 1.6% | -1.15pp | ||
| 2012 | 2.7% | +1.78pp | ||
| 2011 | 0.9% | +0.17pp | ||
| 2010 | 0.8% | +1.11pp | ||
| 2009 | -0.4% | — |
- 20252.7%+1.04pp
- 20241.6%-3.99pp
- 20235.6%-0.31pp
- 20225.9%+4.83pp
- 20211.1%+3.96pp
- 2020-2.9%-5.87pp
- 20193.0%-1.53pp
- 20184.5%+2.28pp
- 20172.2%+0.10pp
- 20162.1%-2.73pp
- 20154.9%+3.16pp
- 20141.7%+0.16pp
- 20131.6%-1.15pp
- 20122.7%+1.78pp
- 20110.9%+0.17pp
- 20100.8%+1.11pp
- 2009-0.4%—
Operating Margin values are taken from Phillips 66's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Phillips 66 (PSX)
According to Phillips 66's latest reported financial statements, the company's latest reported operating margin is 4.7%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, Phillips 66 (PSX) operating margin totalled 2.66% – expanded 1.0 percentage points year-over-year.
Across the available history, operating margin reached its high of 5.92% in 2022 and its low of -2.87% in 2020.
Phillips 66 Operating Margin by Year
Phillips 66 Operating Margin 2025: 2.7%
Phillips 66 operating margin in 2025 was 2.66%, expanded 1.0 percentage points from 2024.
Phillips 66 Operating Margin 2024: 1.6%
2024's operating margin for Phillips 66 came in at 1.62%, contracted 4.0 percentage points from 2023.
Phillips 66 Operating Margin 2023: 5.6%
Phillips 66 posted operating margin of 5.61% in 2023, contracted 0.3 percentage points from 2022.
Phillips 66 Operating Margin 2022: 5.9%
In 2022, Phillips 66 reported operating margin of 5.92%, expanded 4.8 percentage points from 2021. This figure represents the highest annual value in the available history.
Phillips 66 Operating Margin 2021: 1.1%
Phillips 66 operating margin in 2021 was 1.09%.
See more financial history for Phillips 66 (PSX).
Sector peers by Operating Margin
Energy peers of Phillips 66 (PSX), ranked by their latest operating margin
| 38.8% | |
| 18.3% | |
| 15.8% | |
| 14.4% | |
| 9.0% | |
| 8.4% | |
| 5.0% | |
| 4.6% |
- 18.3%
- 15.8%
- 14.4%
- 8.4%
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