What changed in Phillips 66's latest annual report
In the year ended 31 Dec 2025, Phillips 66's revenue fell 7.5% to USD 132.38bn, from USD 143.15bn; net income rose 108% to USD 4.40bn, from USD 2.12bn; cash and cash equivalents fell 35.8% to USD 1.12bn, from USD 1.74bn.
Year ended 31 Dec 2025. Source: 10-K filed 20 Feb 2026, read it on SEC EDGAR.
USD 143.15bn to USD 132.38bn
The figures, year on year
| Item | Year before | Latest year | Change |
|---|---|---|---|
| Revenue | 143.15bn | 132.38bn | Down 7.5% |
| Net income | 2.12bn | 4.40bn | Up 108% |
| Total assets | 72.58bn | 73.68bn | Up 1.5% |
| Total liabilities | 44.12bn | 43.44bn | Down 1.5% |
| Cash and cash equivalents | 1.74bn | 1.12bn | Down 35.8% |
| Shareholders' equity | 27.41bn | 29.09bn | Up 6.1% |
Questions people ask
Did Phillips 66's revenue grow last year?
Revenue fell 7.5%, from USD 143.15bn to USD 132.38bn in the year ended 31 Dec 2025.
Is Phillips 66 profitable?
Yes. Net income was USD 4.40bn in the year ended 31 Dec 2025. The year before: USD 2.12bn.
How much cash and debt does Phillips 66 have?
At its latest year end (31 Dec 2025), Phillips 66 reported cash and cash equivalents of USD 1.12bn.
Where do these numbers come from?
From Phillips 66's own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.
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