Phillips 66 (PSX) Return on Capital Employed [ROCE] (2012 - 2026)
Phillips 66 (PSX) posted Return on Capital Employed [ROCE] of 26.83% for Q3 2026, up 21.80 percentage points from 5.02% a year earlier and up 11.29 percentage points from the prior quarter.
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Analysis
Phillips 66 (PSX) Return on Capital Employed [ROCE] (2012 - 2026) Analysis & Trends
For FY2025, Phillips 66's Return on Capital Employed [ROCE] came in at 10.80%, up 4.72 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] shows a five-year change of +20.26 percentage points (FY2020 to FY2025).
- In prior years, Phillips 66's Return on Capital Employed [ROCE] was 6.08% in FY2024 (-11.17 pp), 17.24% in FY2023 (-13.19 pp), 30.44% in FY2022 (+24.96 pp) and 5.48% in FY2021 (+14.94 pp).
- The Q3 2026 figure stands as the highest quarterly Return on Capital Employed [ROCE] since Q1 2023.
- On a year-over-year basis, Return on Capital Employed [ROCE] has increased in each of the last four quarters, with an average year-over-year change of +1.21 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Capital Employed [ROCE] in the past five years was Q3 2022, with a gain of 63.95 percentage points; the weakest was Q1 2024, with a drop of 12.63 percentage points.
- According to Business Quant data, Return on Capital Employed [ROCE] for the three prior quarters was 15.54% (Q2 2026), 11.22% (Q1 2026) and 10.49% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 686.62 Bn | 644.76 Bn | - | 14.97% |
| 2 | Chevron | 416.14 Bn | 383.18 Bn | 31.26 Bn | 13.86% |
| 3 | Shell | 291.71 Bn | 151.98 Bn | - | 15.97% |
| 4 | TotalEnergies SE | 192.78 Bn | 63.86 Bn | 31,614.00 | 26.08% |
| 5 | Eni Spa | 167.56 Bn | 107.19 Bn | - | 7.67% |
| 6 | Conocophillips | 165.53 Bn | 138.24 Bn | 12.81 Bn | 28.17% |
| 7 | Equinor Asa | 108.87 Bn | 21.72 Bn | 4.49 Bn | - |
| 8 | Canadian Natural Resources | 101.39 Bn | 95.29 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 97.45 Bn | 81.24 Bn | 10.69 Bn | 26.83% |
| 10 | Suncor Energy | 83.77 Bn | 64.46 Bn | - | 7.13% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 26.83% |
| Jun 30, 2026 | 15.54% |
| Mar 31, 2026 | 11.22% |
| Dec 31, 2025 | 10.49% |
| Sep 30, 2025 | 5.02% |
| Jun 30, 2025 | 5.72% |
| Mar 31, 2025 | 5.69% |
| Dec 31, 2024 | 6.10% |
| Sep 30, 2024 | 8.98% |
| Jun 30, 2024 | 13.38% |
| Mar 31, 2024 | 14.95% |
| Dec 31, 2023 | 17.05% |
| Sep 30, 2023 | 18.88% |
| Jun 30, 2023 | 25.22% |
| Mar 31, 2023 | 27.58% |
| Dec 31, 2022 | 25.01% |
| Sep 30, 2022 | 27.37% |
| Jun 30, 2022 | 17.16% |
| Mar 31, 2022 | 9.65% |
| Dec 31, 2021 | 5.37% |
API Access
Phillips 66 Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=PSX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=PSX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();