Phillips 66 (PSX) Operating Income (2012 - 2026)
Phillips 66 (PSX) reported Operating Income of -$1.6 billion for Q1 2026, up 28.59% on a YoY basis from -$1.3 billion in Q1 2025, and up 98.5% quarter-over-quarter from -$108.1 billion in Q4 2025.
Phillips 66 (PSX) Operating Income (2012 - 2026) Analysis & Trends
Phillips 66 has reported Operating Income for 15 years, with the latest figure at -$1.6 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Income rose 28.59% year-over-year to -$1.6 billion; the trailing twelve-month figure through Mar 2026 stood at -$167.7 billion (down 65.6% YoY), and the FY2025 full-year result was -$110.7 billion, up 14.62% from the prior year.
- Operating Income for Q1 2026 stood at -$1.6 billion, up from -$108.1 billion in the prior quarter.
- The five-year high for Operating Income was $89.8 billion in Q4 2023, with the low at -$108.1 billion in Q4 2025.
- Historically, Operating Income has averaged -$16.5 billion across 5 years, with a median of -$28.0 billion in 2025.
- Annual changes were most pronounced in 2023 — Operating Income jumped 375.62% — and 2024, when it sank 4065.0%.
- Phillips 66's Operating Income stood at -$32.6 billion in 2022, then jumped by 375.62% to $89.8 billion in 2023, then plunged by 136.85% to -$33.1 billion in 2024, then tumbled by 226.45% to -$108.1 billion in 2025, then soared by 98.5% to -$1.6 billion in 2026.
- The last three Operating Income figures came in at -$1.6 billion (Q1 2026), -$108.1 billion (Q4 2025), and -$30.0 billion (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 76.18 Bn | 80.70 Bn | 3.31 Bn | 1.40 Bn |
| 2 | Valero Energy | 75.63 Bn | 72.96 Bn | 30.79 Bn | 1.73 Bn |
| 3 | Phillips 66 | 71.92 Bn | 67.92 Bn | 31.12 Bn | -1.62 Bn |
| 4 | HF Sinclair | 12.56 Bn | 11.48 Bn | 1.19 Bn | 847.00 Mn |
| 5 | Sunoco | 8.81 Bn | 8.10 Bn | 1.69 Bn | 866.00 Mn |
| 6 | Cosan | 5.12 Bn | 250.68 Mn | 552.94 Mn | 2.46 Bn |
| 7 | Icahn Enterprises | 4.72 Bn | 3.42 Bn | -134.00 Mn | -2.95 Bn |
| 8 | PBF Energy | 4.49 Bn | 4.08 Bn | 278.50 Mn | 299.60 Mn |
| 9 | Cvr Energy | 3.16 Bn | 2.85 Bn | -103.00 Mn | -145.00 Mn |
| 10 | Delek US Holdings | 2.80 Bn | 2.43 Bn | -130.20 Mn | -179.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.62 Bn |
| Dec 31, 2025 | -108.09 Bn |
| Sep 30, 2025 | -30.02 Bn |
| Jun 30, 2025 | -27.96 Bn |
| Mar 31, 2025 | -2.27 Bn |
| Dec 31, 2024 | -33.11 Bn |
| Sep 30, 2024 | -31.78 Bn |
| Jun 30, 2024 | -34.10 Bn |
| Mar 31, 2024 | -488.00 Mn |
| Dec 31, 2023 | 89.85 Bn |
| Sep 30, 2023 | 1.18 Bn |
| Jun 30, 2023 | 860.00 Mn |
| Mar 31, 2023 | 380.00 Mn |
| Dec 31, 2022 | -32.60 Bn |
| Sep 30, 2022 | 1.74 Bn |
| Jun 30, 2022 | -38.54 Bn |
| Mar 31, 2022 | -33.21 Bn |
| Dec 31, 2021 | 2.61 Bn |
| Sep 30, 2021 | -27.08 Bn |
| Jun 30, 2021 | -24.78 Bn |