Refined Petroleum Products & Renewable Fuels was Phillips 66’s largest product and service line in fiscal 2024, bringing in $103.69B of $143.15B (72%).
| Product and Service | FY 2010 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|---|---|---|
| Refind Products | — | — | ||||||
| Refined Petroleum Products & Renewable Fuels | $108.64B | $103.69B | ||||||
| Refined Petroleum Products | — | — | ||||||
| Refined Products | — | — | ||||||
| Crude Oil Resales | $20.82B | $22.01B | ||||||
| Ngl & Natural Gas | $14.47B | $14.55B | ||||||
| Ngl | — | — | ||||||
| Natural Gas Liquids | — | — | ||||||
| Services & Other | $3.46B | $2.91B | ||||||
| Other | — | — | ||||||
| Other Income | — | — | ||||||
| Total | $147.40B | $143.15B |
Phillips 66 brought in $143.15B from its four product and service lines in fiscal 2024, the year ended December 31, 2024. That was down 2.9% from $147.40B in fiscal 2023. Refined Petroleum Products & Renewable Fuels was the largest at $103.69B (72.4%), ahead of Crude Oil Resales at $22.01B (15.4%) and Ngl & Natural Gas at $14.55B (10.2%). The remaining line, Services & Other, brought in $2.91B.
Compared with fiscal 2023, Crude Oil Resales grew fastest, up 5.7% to $22.01B, while Services & Other fell the most, down 15.9% to $2.91B.
Ms was Phillips 66’s largest segment in fiscal 2024, bringing in $92.83B of $145.50B (64%).
| Segment | FY 2010 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|
| R & M | — | — | — | ||||||
| Ms | $115.21B | $99.27B | $92.83B | ||||||
| Refining | $110.83B | $92.74B | $85.01B | ||||||
| Marketing & Specialties | — | — | — | ||||||
| Midstream | $23.04B | $19.39B | $19.65B | ||||||
| Renewable Fuels | $3.44B | $4.95B | $5.57B | ||||||
| Chemicals | $842.00M | $586.00M | $863.00M | ||||||
| Corporate & Other | -$316.00M | $305.00M | $236.00M | ||||||
| Consolidating Adjustments | -$77.35B | -$67.34B | -$58.67B | ||||||
| Total | $175.70B | $149.89B | $145.50B |
Phillips 66 brought in $145.50B from its seven segments in fiscal 2024, the year ended December 31, 2024. That was down 2.9% from $149.89B in fiscal 2023. Ms was the largest at $92.83B (63.8%), ahead of Refining at $85.01B (58.4%) and Midstream at $19.65B (13.5%). The other three segments brought in $6.67B combined.
Compared with fiscal 2023, Renewable Fuels grew fastest, up 12.5% to $5.57B, while Refining fell the most, down 8.3% to $85.01B. From fiscal 2022 to 2024, combined revenue from these segments fell from $175.70B to $145.50B, a compound annual decline of 9.0%. Ms' share of the total fell from 65.6% to 63.8%.
The total is net of Consolidating Adjustments, which took $58.67B off revenue in fiscal 2024.
United States was Phillips 66’s largest region in fiscal 2024, bringing in $113.60B of $143.15B (79%).
| Geography | FY 2010 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|---|---|---|
| United States | $118.79B | $113.60B | ||||||
| United Kingdom | $14.64B | $12.71B | ||||||
| Other Countries | $8.42B | $11.58B | ||||||
| Other Foreign Countries | — | — | ||||||
| Germany | $5.55B | $5.27B | ||||||
| Total | $147.40B | $143.15B |
Phillips 66 brought in $143.15B from its four regions in fiscal 2024, the year ended December 31, 2024. That was down 2.9% from $147.40B in fiscal 2023. United States was the largest at $113.60B (79.4%), ahead of United Kingdom at $12.71B (8.9%) and Other Countries at $11.58B (8.1%). The remaining region, Germany, brought in $5.27B.
Compared with fiscal 2023, Other Countries grew fastest, up 37.4% to $11.58B, while United Kingdom fell the most, down 13.2% to $12.71B.
Phillips 66 (PSX) reports its revenue by product and service, by segment and by geography. In fiscal 2024, Refined Petroleum Products & Renewable Fuels was its largest product and service line, bringing in $103.69B (72.4% of the total), followed by Crude Oil Resales at $22.01B (15.4%).
Refined Petroleum Products & Renewable Fuels was Phillips 66's largest product and service line in fiscal 2024, bringing in $103.69B, or 72.4% of the $143.15B total across its four product and service lines.
Ms was Phillips 66's largest segment in fiscal 2024, bringing in $92.83B, or 63.8% of the $145.50B total across its seven segments.
United States was Phillips 66's largest region in fiscal 2024, bringing in $113.60B, or 79.4% of the $143.15B total across its four regions.
Among Phillips 66's product and service lines that make up at least 2% of revenue, Crude Oil Resales grew fastest in fiscal 2024, up 5.7% from $20.82B to $22.01B.
Every figure comes from Phillips 66's annual financial filings, as reported. Each line keeps the name Phillips 66 gives it, and years follow its fiscal calendar.
Phillips 66's revenue by product and service goes back to fiscal 2010, with figures through fiscal 2024. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.