Phillips 66 (PSX) FY2024 results: revenue $143.2 billion, down 2.9% on the year
Phillips 66 (PSX) reported revenue of $143.2 billion for fiscal 2024, the year ended 31 December 2024, down 2.9% on the year before. Net income was $2.1 billion, down 69.8%, and diluted earnings per share $4.99. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.
Revenue
$143.2 billion
-2.9% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$2.1 billion
-69.8% on the year
FY2017FY2024
Diluted EPS
$4.99
-67.8% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
4,191
7,029
10,813
-40.4%
Cash from investing
-2,463
-1,790
-1,488
Cash from financing
-3,305
-8,092
-6,388
Depreciation and amortisation
2,363
1,977
1,629
+19.5%
Share-based compensation
210
297
210
-29.3%
Buybacks
3,451
4,014
1,513
-14.0%
Dividends paid
1,882
1,882
1,793
0.0%
Dividend per share
$4.50
$4.20
$3.83
+7.1%
Diluted shares, weighted
422m
453m
474m
-6.9%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
27,408
30,583
29,494
-10.4%
Non-controlling interest
1,055
1,067
4,612
-1.1%
Debt
19,862
19,208
17,158
+3.4%
Operating lease liabilities
934
790
745
+18.2%
Finance lease liabilities
322
280
234
+15.0%
Other liabilities
23,001
23,573
24,199
-2.4%
Total liabilities and equity
72,582
75,501
76,442
-3.9%
Goodwill
1,575
1,550
1,486
+1.6%
Intangible assets
1,161
920
831
+26.2%
Cash and equivalents
1,738
3,323
6,133
-47.7%
Receivables
11,033
11,730
10,985
-5.9%
Inventory
3,995
3,750
3,276
+6.5%
Other assets
53,080
54,228
53,731
-2.1%
Total assets
72,582
75,501
76,442
-3.9%
10-K for the year ended 31 December 2024, filed 21 February 2025: the filing.