The company said it reported earnings attributable to Phillips 66 of $4,403 million for 2025, up from $2,117 million in 2024. It cited as factors the before-tax gain of $1.9 billion on the partial sale of Germany and Austria Marketing and improved realized refining margins, as well as the before-tax gain of $1 billion on the sale of Coop.

1. 01

   The company said it reported earnings attributable to Phillips 66 of $4,403 million for 2025, up from $2,117 million in 2024. It cited as factors the before-tax gain of $1.9 billion on the partial sale of Germany and Austria Marketing and improved realized refining margins, as well as the before-tax gain of $1 billion on the sale of Coop.

2. 02

   Phillips 66 said it received $3.5 billion in proceeds from asset dispositions in 2025, and that net of cash acquired, its acquisitions cost $3.5 billion. It spent $1.3 billion to acquire the remaining 50% interest in WRB. The company also recognized a before-tax impairment of $948 million related to its equity method investment in WRB in Q3 2025.

3. 03

   The company said cash generated from operating activities rose to $5.0 billion in 2025, an increase of $0.8 billion from 2024. It cited higher earnings from improved realized refining margins as a factor in the increase, partly offset by an unfavorable working capital impact.

4. 04

   Phillips 66 said it paid $1.2 billion to repurchase common stock and $1.9 billion in dividends on common stock in 2025. In February 2026, it declared a quarterly cash dividend of $1.27 per common share, an increase of $0.07.

Key figures

Fiscal year ended December 31, 2025

Revenue

$132.4B

Net income

$4.4B

EPS

$10.79

Operating cash flow

$5.0B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.