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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:

  • Crude Oil: $22.01 B
  • Other Product Line: $2.91 B
  • Refining: $103.69 B

Learn more about Phillips 66’s Revenue by Geography

Check out competitors to Phillips 66 in a side-by-side comparison.

Explore additional financial metrics for Phillips 66.

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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:

  • Corporate and Other generated $34.00 M in revenue, representing 0.02% of its total revenue.
  • Marketing and Specialties generated $112.17 B in revenue, representing 65.99% of its total revenue.
  • Midstream generated $16.19 B in revenue, representing 9.52% of its total revenue.
  • Refining generated $41.60 B in revenue, representing 24.47% of its total revenue.

The biggest segment for Phillips 66 is the Marketing and Specialties, which represents 65.99% of its total revenue.
The smallest segment for Phillips 66 is the Corporate and Other, which represents 0.02% 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:

  • Corporate and Other generated $36.00 M in revenue, representing 0.02% of its total revenue.
  • Marketing and Specialties generated $95.42 B in revenue, representing 64.73% of its total revenue.
  • Midstream generated $15.78 B in revenue, representing 10.71% of its total revenue.
  • Refining generated $36.17 B in revenue, representing 24.54% of its total revenue.

The biggest segment for Phillips 66 is the Marketing and Specialties, which represents 64.73% of its total revenue.
The smallest segment for Phillips 66 is the Corporate and Other, which represents 0.02% 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:

  • Crude Oil generated $22.01 B in revenue, representing 17.11% of its total revenue.
  • Other Product Line generated $2.91 B in revenue, representing 2.26% of its total revenue.
  • Refining generated $103.69 B in revenue, representing 80.62% of its total revenue.

The biggest segment for Phillips 66 is the Refining, which represents 80.62% of its total revenue.
The smallest segment for Phillips 66 is the Other Product Line, which represents 2.26% of its total revenue.
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Summary Table

Products & Services (Percent Share) 2022 2023 2024
Marketing and Specialties 65.99% 64.73% -
Refining 24.47% 24.54% 80.62%
Midstream 9.52% 10.71% -
Corporate and Other 0.02% 0.02% -
Crude Oil - - 17.11%
Other Product Line - - 2.26%
Total Revenue 100% 100% 100%

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

In fiscal year 2024, the Refining generated the most revenue ($103.69 B), and the Other Product Line generated the least revenue ($2.91 B).

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

  • Corporate and Other revenue decreased -100% ($36.00 M) from $36.00 M (in 2023) to $0.00 (in 2024).
  • Crude Oil revenue increased 100% ($22.01 B) from $0.00 (in 2023) to $22.01 B (in 2024).
  • Marketing and Specialties revenue decreased -100% ($95.42 B) from $95.42 B (in 2023) to $0.00 (in 2024).
  • Midstream revenue decreased -100% ($15.78 B) from $15.78 B (in 2023) to $0.00 (in 2024).
  • Other Product Line revenue increased 100% ($2.91 B) from $0.00 (in 2023) to $2.91 B (in 2024).
  • Refining revenue increased 186.7% ($67.52 B) from $36.17 B (in 2023) to $103.69 B (in 2024).
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    Summary Table

    Products & Services 2022 2023 2024
    Corporate and Other $34.00 M - $36.00 M
    5.88%
    - -
    Crude Oil - - - - $22.01 B -
    Marketing and Specialties $112.17 B - $95.42 B
    14.93%
    - -
    Midstream $16.19 B - $15.78 B
    2.53%
    - -
    Other Product Line - - - - $2.91 B -
    Refining $41.60 B - $36.17 B
    13.06%
    $103.69 B
    186.70%
    Total Revenue $169.99 B - $147.40 B
    13.29%
    $128.61 B
    12.75%