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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 2025, Phillips 66's revenue by segment (products & services) are as follows:

  • Consolidation, Eliminations: $55.82 B
  • Crude Oil: $15.18 B
  • Natural Gas Liquids: $17.07 B
  • Other Product Line: $2.77 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 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:

  • Consolidation, Eliminations generated -$58.67 B in revenue, representing -40.63% of its total revenue.
  • Marketing And Specialties Segment generated $92.83 B in revenue, representing 64.29% of its total revenue.
  • Midstream Segment generated $19.65 B in revenue, representing 13.61% of its total revenue.
  • Refining Segment generated $85.01 B in revenue, representing 58.87% of its total revenue.
  • Renewable Fuels generated $5.57 B in revenue, representing 3.86% of its total revenue.

The biggest segment for Phillips 66 is the Marketing And Specialties Segment, which represents 64.29% of its total revenue.
The smallest segment for Phillips 66 is the Consolidation, Eliminations, which represents -40.63% of its total revenue.

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

In fiscal year 2025, Phillips 66's revenue by segment is as follows:

  • Consolidation, Eliminations generated $55.82 B in revenue, representing 61.45% of its total revenue.
  • Crude Oil generated $15.18 B in revenue, representing 16.71% of its total revenue.
  • Natural Gas Liquids generated $17.07 B in revenue, representing 18.79% of its total revenue.
  • Other Product Line generated $2.77 B in revenue, representing 3.05% of its total revenue.

The biggest segment for Phillips 66 is the Consolidation, Eliminations, which represents 61.45% of its total revenue.
The smallest segment for Phillips 66 is the Other Product Line, which represents 3.05% of its total revenue.
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Summary Table

Products & Services (Percent Share) 2023 2024 2025
Refined products 73.71% - -
Crude Oil 14.13% - 16.71%
Natural Gas Liquids 9.81% - 18.79%
Other Product Line 2.35% - 3.05%
Midstream Segment - 13.61% -
Consolidation, Eliminations - -40.63% 61.45%
Renewable Fuels - 3.86% -
Refining Segment - 58.87% -
Marketing And Specialties Segment - 64.29% -
Total Revenue 100% 100% 100%

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

In fiscal year 2025, the Consolidation, Eliminations generated the most revenue ($55.82 B), and the Other Product Line generated the least revenue ($2.77 B).

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

  • Consolidation, Eliminations revenue decreased -195.15% ($114.49 B) from -$58.67 B (in 2024) to $55.82 B (in 2025).
  • Crude Oil revenue increased 100% ($15.18 B) from $0.00 (in 2024) to $15.18 B (in 2025).
  • Marketing And Specialties Segment revenue decreased -100% ($92.83 B) from $92.83 B (in 2024) to $0.00 (in 2025).
  • Midstream Segment revenue decreased -100% ($19.65 B) from $19.65 B (in 2024) to $0.00 (in 2025).
  • Natural Gas Liquids revenue increased 100% ($17.07 B) from $0.00 (in 2024) to $17.07 B (in 2025).
  • Other Product Line revenue increased 100% ($2.77 B) from $0.00 (in 2024) to $2.77 B (in 2025).
  • Refining Segment revenue decreased -100% ($85.01 B) from $85.01 B (in 2024) to $0.00 (in 2025).
  • Renewable Fuels revenue decreased -100% ($5.57 B) from $5.57 B (in 2024) to $0.00 (in 2025).
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    Summary Table

    Products & Services 2023
    Value Change
    		2024
    Value Change
    		2025
    Value Change
    Consolidation, Eliminations - - -$58.67 B - $55.82 B
    195.15%
    Crude Oil $20.82 B - - - $15.18 B -
    Marketing And Specialties Segment - - $92.83 B - - -
    Midstream Segment - - $19.65 B - - -
    Natural Gas Liquids $14.47 B - - - $17.07 B -
    Other Product Line $3.46 B - - - $2.77 B -
    Refined products $108.64 B - - - - -
    Refining Segment - - $85.01 B - - -
    Renewable Fuels - - $5.57 B - - -
    Total Revenue $147.26 B - $143.12 B
    2.81%
    		$132.38 B
    7.51%

    Frequently Asked Questions

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

    In fiscal year 2025, Consolidation, Eliminations revenue reached $55.82 Billion, representing 61.45% of Phillips 66's total revenue and making it the largest segment for the company.

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