Phillips 66’s Revenue Breakdown by Region (2019-2023)

This statistic highlights Phillips 66’s Revenue Breakdown by Region, split across the US, UK, Germany, and Other foreign Countries, reported on a quarterly basis from 2018 onwards.

Phillips 66 is headquartered in Houston, TX, and has 29 office locations across 4 countries namely the US, the UK, Germany, and Singapore.

Phillips 66’s Revenue Breakdown by Region

(all figures in billions, except percentages)

Phillips 66’s total revenue increased from $15.93 billion in Q3 2020 to $30.24 billion in Q3 2021, indicating an 89.86% growth on a year-on-year basis. The revenue in Q3 2021 increased by 12% compared to the previous Q2 2021.

Phillips 66 generate its revenue from the following regions:

• United States:

In the United States Phillips 66 has 13 refineries. The company’s refining segment is engaged in refining crude oil and other feedstocks. These are refined into petroleum products like gasoline, distillates, and aviation fuels There are two research and development centers of CPChem in the United States. In the United States, the company markets gasoline, diesel, and aviation fuel through approximately 7,540 independently owned outlets in 48 states.

Phillips 66’s revenue from the United States increased from $12.13 billion in Q3 2020 to $24.01 billion in Q3 2021, indicating a growth of 98.03% on a year-on-year basis. The revenue in Q3 2021 increased by $2.71 billion or by 12.74% compared to the previous Q2 2021. Revenue from the United States contributes a maximum portion of total revenue. In Q3 2021 it contributed 79.39% of total revenue.

• United Kingdom:

Phillips 66 Limited Humber Refinery is located on the east coast, in North Lincolnshire, UK. It has a crude oil processing capacity of 221,000 barrels per day and processes crude oil supplied primarily from the North Sea and includes light, low- and medium sulfur, and acidic crude oil.

Phillips 66’s revenue from the United Kingdom increased from $1.85 billion in Q3 2020 to $2.95 billion in Q3 2021, indicating a growth of 59.35% on a year-on-year basis. The revenue in Q3 2021 increased by $0.11 billion or by 3.99% compared to the previous Q2 2021. Revenue from the United Kingdom contributes 9.75% of total revenue in Q3 2021.

• Germany:

Phillips 66’s MiRO Refinery is located in Germany on the Rhine River in Karlsruhe. It is a joint venture where Phillips 66 holds an 18.75 percent interest. In its share of the refinery, Phillips 66 processes mainly medium sweet and medium sour crude oils.

Phillips 66’s revenue from Germany increased from $0.81 billion in Q3 2020 to $1.19 billion in Q3 2021, indicating a growth of 48.32% on a year-on-year basis. The revenue in Q3 2021 increased by $0.16 billion or by 15.03% compared to the previous Q2 2021. Revenue from Germany contributes 3.95% of total revenue in Q3 2021.

• Other Foreign Countries:

Phillips 66’s revenue from other foreign countries primarily includes earnings from Jet filling stations in Austria, Denmark, Sweden, and various other countries.

Phillips 66’s revenue from Other foreign countries increased from $1.15 billion in Q3 2020 to $2.09 billion in Q3 2021, indicating a growth of 81.90% on a year-on-year basis. The revenue in Q3 2021 increased by $0.26 billion or by 14.08% compared to the previous Q2 2021. Other foreign countries contribute 6.91% of total revenue in Q3 2021.

About the Company

Phillips 66, was incorporated in Delaware in 2011 and is headquartered in Houston, Texas. It was incorporated in anticipation of a restructuring of ConocoPhillips. ConocoPhillips separated its downstream businesses to form Phillips 66. Phillips 66 stock is traded under the “PSX” ticker on the New York Stock Exchange (NYSE).

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