Phillips 66 (PSX) Free Cash Flow (2011 - 2026)

Phillips 66 has reported Free Cash Flow for 16 years, with the latest figure at -$2.8 billion in Q1 2026.

• For the quarter ending Q1 2026, Free Cash Flow fell 1105.93% year-over-year to -$2.8 billion; the trailing twelve-month figure through Mar 2026 stood at $119.0 million (down 95.98% YoY), and the FY2025 full-year result was $2.7 billion, up 17.02% from the prior year.
• Free Cash Flow for Q1 2026 stood at -$2.8 billion, down from $2.1 billion in the prior quarter.
• The five-year high for Free Cash Flow was $4.3 billion in Q4 2022, with the low at -$2.8 billion in Q1 2026.
• Historically, Free Cash Flow has averaged $942.0 million across 5 years, with a median of $774.0 million in 2024.
• Annual changes were most pronounced in 2022 — Free Cash Flow surged 1376.67% — and 2026, when it slumped 1105.93%.
• Phillips 66's Free Cash Flow stood at $4.3 billion in 2022, then plunged by 64.17% to $1.6 billion in 2023, then slumped by 55.53% to $692.0 million in 2024, then surged by 199.13% to $2.1 billion in 2025, then sank by 237.49% to -$2.8 billion in 2026.
• The last three Free Cash Flow figures came in at -$2.8 billion (Q1 2026), $2.1 billion (Q4 2025), and $637.0 million (Q3 2025), per Business Quant data.