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Phillips 66
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Revenue breakdown by Products & Services
Revenue breakdown by Geography

Phillips 66's Revenue by Segment

In fiscal year 2024, Phillips 66's revenue by segment (products & services) are as follows:

  • Chemicals Segment: $863.00 M
  • Corporate and Other: $236.00 M
  • Marketing And Specialties Segment: $92.83 B
  • Midstream Segment: $19.65 B
  • Refining Segment: $85.01 B
  • Renewable Fuels: $5.57 B

Learn more about Phillips 66’s Revenue by Geography

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The above chart shows Phillips 66's revenue percentage share by segment (products and services).

In fiscal year 2022, Phillips 66's revenue by segment is as follows:

  • Crude Oil generated $20.57 B in revenue, representing 11.9% of its total revenue.
  • Midstream Segment generated $2.93 B in revenue, representing 1.7% of its total revenue.
  • Natural Gas Liquids generated $16.17 B in revenue, representing 9.35% of its total revenue.
  • Other Product Line generated $1.44 B in revenue, representing 0.84% of its total revenue.
  • Refined products generated $131.80 B in revenue, representing 76.22% of its total revenue.

The biggest segment for Phillips 66 is the Refined products, which represents 76.22% of its total revenue.
The smallest segment for Phillips 66 is the Other Product Line, which represents 0.84% of its total revenue.

The above chart shows Phillips 66's revenue percentage share by segment (products and services).

In fiscal year 2023, Phillips 66's revenue by segment is as follows:

  • Crude Oil generated $20.82 B in revenue, representing 14.13% of its total revenue.
  • Natural Gas Liquids generated $14.47 B in revenue, representing 9.81% of its total revenue.
  • Other Product Line generated $3.46 B in revenue, representing 2.35% of its total revenue.
  • Refined products generated $108.64 B in revenue, representing 73.71% of its total revenue.

The biggest segment for Phillips 66 is the Refined products, which represents 73.71% of its total revenue.
The smallest segment for Phillips 66 is the Other Product Line, which represents 2.35% of its total revenue.

The above chart shows Phillips 66's revenue percentage share by segment (products and services).

In fiscal year 2024, Phillips 66's revenue by segment is as follows:

  • Chemicals Segment generated $863.00 M in revenue, representing 0.42% of its total revenue.
  • Corporate and Other generated $236.00 M in revenue, representing 0.12% of its total revenue.
  • Marketing And Specialties Segment generated $92.83 B in revenue, representing 45.47% of its total revenue.
  • Midstream Segment generated $19.65 B in revenue, representing 9.63% of its total revenue.
  • Refining Segment generated $85.01 B in revenue, representing 41.64% of its total revenue.
  • Renewable Fuels generated $5.57 B in revenue, representing 2.73% of its total revenue.

The biggest segment for Phillips 66 is the Marketing And Specialties Segment, which represents 45.47% of its total revenue.
The smallest segment for Phillips 66 is the Corporate and Other, which represents 0.12% of its total revenue.
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Summary Table

Products & Services (Percent Share) 2022 2023 2024
Midstream Segment 1.7% - 9.63%
Refined products 76.22% 73.71% -
Other Product Line 0.84% 2.35% -
Natural Gas Liquids 9.35% 9.81% -
Crude Oil 11.9% 14.13% -
Marketing And Specialties Segment - - 45.47%
Corporate and Other - - 0.12%
Chemicals Segment - - 0.42%
Renewable Fuels - - 2.73%
Refining Segment - - 41.64%
Total Revenue 100% 100% 100%

The above chart shows the revenue trend of different segments of Phillips 66.

In fiscal year 2024, the Marketing And Specialties Segment generated the most revenue ($92.83 B), and the Corporate and Other generated the least revenue ($236.00 M).

The above chart shows growth drivers and a year-over-year comparison of different segments' revenue.

  • Chemicals Segment revenue increased 100% ($863.00 M) from $0.00 (in 2023) to $863.00 M (in 2024).
  • Corporate and Other revenue increased 100% ($236.00 M) from $0.00 (in 2023) to $236.00 M (in 2024).
  • Crude Oil revenue decreased -100% ($20.82 B) from $20.82 B (in 2023) to $0.00 (in 2024).
  • Marketing And Specialties Segment revenue increased 100% ($92.83 B) from $0.00 (in 2023) to $92.83 B (in 2024).
  • Midstream Segment revenue increased 100% ($19.65 B) from $0.00 (in 2023) to $19.65 B (in 2024).
  • Natural Gas Liquids revenue decreased -100% ($14.47 B) from $14.47 B (in 2023) to $0.00 (in 2024).
  • Other Product Line revenue decreased -100% ($3.46 B) from $3.46 B (in 2023) to $0.00 (in 2024).
  • Refined products revenue decreased -100% ($108.64 B) from $108.64 B (in 2023) to $0.00 (in 2024).
  • Refining Segment revenue increased 100% ($85.01 B) from $0.00 (in 2023) to $85.01 B (in 2024).
  • Renewable Fuels revenue increased 100% ($5.57 B) from $0.00 (in 2023) to $5.57 B (in 2024).
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    Summary Table

    Products & Services 2022
    Value Change
    		2023
    Value Change
    		2024
    Value Change
    Chemicals Segment - - - - $863.00 M -
    Corporate and Other - - - - $236.00 M -
    Crude Oil $20.57 B - $20.82 B
    1.22%
    		- -
    Marketing And Specialties Segment - - - - $92.83 B -
    Midstream Segment $2.93 B - - - $19.65 B -
    Natural Gas Liquids $16.17 B - $14.47 B
    10.55%
    		- -
    Other Product Line $1.44 B - $3.46 B
    139.89%
    		- -
    Refined products $131.80 B - $108.64 B
    17.57%
    		- -
    Refining Segment - - - - $85.01 B -
    Renewable Fuels - - - - $5.57 B -
    Total Revenue $172.92 B - $147.40 B
    14.76%
    		$204.16 B
    38.51%

    Frequently Asked Questions

    What was Phillips 66's largest product segment last year?

    In fiscal year 2024, Marketing And Specialties Segment revenue reached $92.83 Billion, representing 45.47% of Phillips 66's total revenue and making it the largest segment for the company.

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