Phillips 66 (PSX) Free Cash Flow (2011 - 2026)
Phillips 66's Free Cash Flow was $6.53 billion in Q2 2026, compared with $258 million a year earlier.
Phillips 66 (PSX) Free Cash Flow (2011 - 2026) Analysis & Trends
On a trailing twelve-month basis, Phillips 66's Free Cash Flow was $6.39 billion through Jun 30, 2026, up 329.7% year-over-year; for FY2025, it came in at $2.73 billion, up 17.0% from FY2024.
- In earlier years, Free Cash Flow was $2.33 billion in FY2024 (-52.2%), $4.87 billion in FY2023 (-45.4%), $8.93 billion in FY2022 (+114.7%) and $4.16 billion in FY2021.
- The Q2 2026 figure marks the highest quarterly Free Cash Flow in data going back to Q1 2011.
- Compared with a year earlier, Free Cash Flow was higher in 1 of the last five quarters, with an average decline of 4.4%.
- The best year-over-year quarter for Free Cash Flow over five years was Q4 2021 (growth of 804.5%); the worst was Q2 2025 (a decline of 85.1%).
- Per Business Quant data, PSX's Free Cash Flow in the three quarters before Q2 2026 was -$2.85 billion (Q1 2026), $2.07 billion (Q4 2025) and $637 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 746.42 Bn | 702.90 Bn | - | 17.03 Bn |
| 2 | Chevron | 442.96 Bn | 415.08 Bn | 33.45 Bn | 18.10 Bn |
| 3 | Shell | 313.69 Bn | 243.43 Bn | 30.13 Bn | -59.17 Bn |
| 4 | TotalEnergies SE | 200.00 Bn | 80.58 Bn | 61.77 Bn | 6.63 Bn |
| 5 | Conocophillips | 177.72 Bn | 150.43 Bn | 12.81 Bn | 4.41 Bn |
| 6 | Equinor Asa | 121.70 Bn | 36.16 Bn | - | 6.60 Bn |
| 7 | Phillips 66 | 117.59 Bn | 105.38 Bn | 8.38 Bn | 6.53 Bn |
| 8 | Canadian Natural Resources | 112.49 Bn | 109.50 Bn | 8.84 Bn | 6.65 Bn |
| 9 | Suncor Energy | 94.96 Bn | 80.71 Bn | - | 7.00 Bn |
| 10 | Eni Spa | 89.38 Bn | 33.94 Bn | - | 4.96 Bn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.53 Bn |
| Mar 31, 2026 | -2.85 Bn |
| Dec 31, 2025 | 2.07 Bn |
| Sep 30, 2025 | 637.00 Mn |
| Jun 30, 2025 | 258.00 Mn |
| Mar 31, 2025 | -236.00 Mn |
| Dec 31, 2024 | 692.00 Mn |
| Sep 30, 2024 | 774.00 Mn |
| Jun 30, 2024 | 1.73 Bn |
| Mar 31, 2024 | -864.00 Mn |
| Dec 31, 2023 | 1.56 Bn |
| Sep 30, 2023 | 2.09 Bn |
| Jun 30, 2023 | 404.00 Mn |
| Mar 31, 2023 | 821.00 Mn |
| Dec 31, 2022 | 4.34 Bn |
| Sep 30, 2022 | 2.41 Bn |
| Jun 30, 2022 | 1.41 Bn |
| Mar 31, 2022 | 766.00 Mn |
| Dec 31, 2021 | 1.20 Bn |
| Sep 30, 2021 | 1.65 Bn |
Phillips 66 Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=PSX&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "PSX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=PSX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();