Phillips 66 (PSX)
Refines and markets fuels while operating NGL infrastructure and a petrochemicals joint venture.
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Processes crude oil and natural gas liquids, transports and stores energy products, markets fuels and lubricants, and produces renewable fuels. Earnings span fee-based midstream services and commodity-sensitive refining, marketing and petrochemicals, with the latter held through the half-owned CPChem joint venture.
Operates five businesses: Midstream transports and stores crude oil and refined products while gathering, processing and fractionating natural gas liquids; Refining makes gasoline, diesel and jet fuel; Marketing and Specialties sells fuels, lubricants and related products; Renewable Fuels converts renewable feedstocks into renewable diesel and other fuels at Rodeo and Humber; and Chemicals holds the stake in Chevron Phillips Chemical.
Most owned infrastructure is in the United States, with refining and marketing activity in the United Kingdom and retained European interests. An integrated logistics, processing and marketing footprint connects production regions with domestic and export markets.
Results depend on volatile refining, natural gas liquids and petrochemical margins. Renewable-fuel economics also reflect feedstock costs and regulatory credits, while Chemicals operates through the half-owned CPChem joint venture.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 17, 2026 | BMO Capital | Reiterate | Rating: —Target: $170 | Target: $310 |
| Sep 14, 2026 | Raymond James | Reiterate | Rating: —Target: $235 | Target: $300 |
| Sep 14, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $196 | Target: $284 |
| Sep 8, 2026 | UBS | Reiterate | Rating: —Target: $235 | Target: $300 |
| Sep 3, 2026 | Piper Sandler | Reiterate | Rating: —Target: $209 | Target: $264 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $4.10B · Total debt $20.57B · Total assets $81.81B · Shareholders' equity $31.51B
- Revenue
- $51.00B
- Operating income
- $4.99B
- Net income
- $3.85B
HistoryDividendAnnual yield
| Institutions | 80.66% | 321.85M shares | |
|---|---|---|---|
| 2,170 holders · as of Jun 30, 2026 | |||
| Insiders | 0.22% | 863.1K shares | |
| 26 holders · as of Sep 17, 2026 | |||
| Strategic holders | 7.91% | 31.57M shares | |
| 1 holder · as of Feb 7, 2022 | |||
| Other | 11.21% | 44.73M shares | |
| remainder | |||
399.02M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.55% | 34.11M | as of Jun 30, 2026 |
BlackRock, Inc.Strategic | 7.91% | 31.57M | filed Feb 7, 2022 |
Vanguard Capital Management LLCInstitution | 6.56% | 26.18M | as of Jun 30, 2026 |
State Street CorpInstitution | 6.53% | 26.04M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.57% | 22.21M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 16, 2026 | Brian Mandell | officer: Executive Vice President | −23,400 | $265.06 |
| Aug 12, 2026 | Richard G. Harbison | officer: EVP, Refining | −52,100 | $223.76 |
| Aug 11, 2026 | Brian Mandell | officer: Executive Vice President | −30,000 | $215.00 |
| Aug 10, 2026 | Brian Mandell | officer: Executive Vice President | −3,300 | $214.02 |
| Aug 10, 2026 | Lisa Ann Davis | director | −1,515 | $207.73 |
- Marathon Petroleum
Largest US independent refiner; Elliott's primary PSX refining benchmark.
- Valero Energy
World's largest independent refiner; rival in refining and renewable diesel.
- Enterprise Products Partners
Largest US NGL midstream MLP; rival in Permian fractionation and LPG export.
- ExxonMobil
Integrated oil major competing across refining, polyolefins, and fuel marketing.
- ONEOK
Major midstream operator; rivals DCP in NGL gathering and refined products.
- HF Sinclair
Independent refiner competing in lubricants, specialties, and renewable diesel.
- LyondellBasell
Top-3 North American ethylene producer; head-to-head with CPChem in polyolefins.
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Phillips 66 | $256.78 | +0.00% | $104.94B | 14.9 | 8.2 | 0.7 | +55.9% |
| Marathon Petroleum | $389.68 | −0.04% | $117.47B | 13.9 | 6.6 | 0.8 | +54.9% |
| Valero Energy | $377.14 | −0.01% | $113.23B | 16.3 | 7.7 | 0.9 | +48.8% |
| Enterprise Products Partners | $38.14 | +0.34% | $83.23B | 13.4 | 12.4 | 1.4 | +60.8% |
| ExxonMobil | $158.71 | +0.01% | $656.48B | 20.4 | 12.9 | 1.8 | +46.0% |
| ONEOK | $90.09 | −0.03% | $57.85B | 15.8 | 15.2 | 1.5 | +52.8% |
| HF Sinclair | $106.76 | +0.06% | $19.43B | 10.4 | 6.3 | 0.6 | +53.2% |
| LyondellBasell | $59.29 | +0.08% | $19.45B | — | 7.4 | 0.6 | +19.8% |
| Median | 14.8 | 7.7 | 0.9 | +52.8% |