v3.25.2
Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues and Other Income        
Sales and other operating revenues $ 33,323 $ 38,129 $ 63,753 $ 73,940
Equity in earnings (losses) of affiliates 153 487 306 1,015
Net gain (loss) on dispositions (93) 237 994 237
Other income 139 58 195 155
Total Revenues and Other Income 33,522 38,911 65,248 75,347
Costs and Expenses        
Purchased crude oil and products 29,077 34,628 56,737 67,014
Operating expenses 1,440 1,407 3,062 2,859
Selling, general and administrative expenses 582 552 1,101 1,109
Depreciation and amortization 816 497 1,607 1,001
Impairments 4 225 30 390
Taxes other than income taxes 218 49 451 214
Accretion on discounted liabilities 10 10 22 19
Interest and debt expense 264 231 485 458
Foreign currency transaction (gains) losses (9) 1 (15) 8
Total Costs and Expenses 32,402 37,600 63,480 73,072
Income before income taxes 1,120 1,311 1,768 2,275
Income tax expense 212 291 334 494
Net Income 908 1,020 1,434 1,781
Less: net income attributable to noncontrolling interests 31 5 70 18
Net Income Attributable to Phillips 66 $ 877 $ 1,015 $ 1,364 $ 1,763
Net Income Attributable to Phillips 66 Per Share of Common Stock (dollars)        
Basic (in usd per share) $ 2.15 $ 2.39 $ 3.33 $ 4.13
Diluted (in usd per share) $ 2.15 $ 2.38 $ 3.32 $ 4.10
Weighted-Average Common Shares Outstanding (thousands)        
Basic (in shares) 406,763 422,869 407,966 425,914
Diluted (in shares) 407,929 425,734 409,448 428,993