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Phillips 66
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Revenue breakdown by Products & Services
Revenue breakdown by Geography

Phillips 66's Revenue by Segment

In fiscal year 2024, Phillips 66's revenue by segment (products & services) are as follows:

  • Chemicals Segment: $863.00 M
  • Corporate and Other: $236.00 M
  • Marketing And Specialties Segment: $92.83 B
  • Midstream Segment: $19.65 B
  • Refining Segment: $85.01 B
  • Renewable Fuels: $5.57 B

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The above chart shows Phillips 66's revenue percentage share by segment (products and services).

In fiscal year 2022, Phillips 66's revenue by segment is as follows:

  • Marketing And Specialties Segment generated $115.62 B in revenue, representing 85.81% of its total revenue.
  • Midstream Segment generated $19.12 B in revenue, representing 14.19% of its total revenue.

The biggest segment for Phillips 66 is the Marketing And Specialties Segment, which represents 85.81% of its total revenue.
The smallest segment for Phillips 66 is the Midstream Segment, which represents 14.19% of its total revenue.

The above chart shows Phillips 66's revenue percentage share by segment (products and services).

In fiscal year 2023, Phillips 66's revenue by segment is as follows:

  • Corporate and Other generated $36.00 M in revenue, representing 0.03% of its total revenue.
  • Marketing And Specialties Segment generated $98.77 B in revenue, representing 84.12% of its total revenue.
  • Midstream Segment generated $18.61 B in revenue, representing 15.85% of its total revenue.

The biggest segment for Phillips 66 is the Marketing And Specialties Segment, which represents 84.12% of its total revenue.
The smallest segment for Phillips 66 is the Corporate and Other, which represents 0.03% of its total revenue.

The above chart shows Phillips 66's revenue percentage share by segment (products and services).

In fiscal year 2024, Phillips 66's revenue by segment is as follows:

  • Chemicals Segment generated $863.00 M in revenue, representing 0.42% of its total revenue.
  • Corporate and Other generated $236.00 M in revenue, representing 0.12% of its total revenue.
  • Marketing And Specialties Segment generated $92.83 B in revenue, representing 45.47% of its total revenue.
  • Midstream Segment generated $19.65 B in revenue, representing 9.63% of its total revenue.
  • Refining Segment generated $85.01 B in revenue, representing 41.64% of its total revenue.
  • Renewable Fuels generated $5.57 B in revenue, representing 2.73% of its total revenue.

The biggest segment for Phillips 66 is the Marketing And Specialties Segment, which represents 45.47% of its total revenue.
The smallest segment for Phillips 66 is the Corporate and Other, which represents 0.12% of its total revenue.
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Summary Table

Products & Services (Percent Share) 2022 2023 2024
Marketing And Specialties Segment 85.81% 84.12% 45.47%
Midstream Segment 14.19% 15.85% 9.63%
Corporate and Other - 0.03% 0.12%
Refining Segment - - 41.64%
Renewable Fuels - - 2.73%
Chemicals Segment - - 0.42%
Total Revenue 100% 100% 100%

The above chart shows the revenue trend of different segments of Phillips 66.

In fiscal year 2024, the Marketing And Specialties Segment generated the most revenue ($92.83 B), and the Corporate and Other generated the least revenue ($236.00 M).

The above chart shows growth drivers and a year-over-year comparison of different segments' revenue.

  • Chemicals Segment revenue increased 100% ($863.00 M) from $0.00 (in 2023) to $863.00 M (in 2024).
  • Corporate and Other revenue increased 555.56% ($200.00 M) from $36.00 M (in 2023) to $236.00 M (in 2024).
  • Marketing And Specialties Segment revenue decreased -6.01% ($5.94 B) from $98.77 B (in 2023) to $92.83 B (in 2024).
  • Midstream Segment revenue increased 5.63% ($1.05 B) from $18.61 B (in 2023) to $19.65 B (in 2024).
  • Refining Segment revenue increased 100% ($85.01 B) from $0.00 (in 2023) to $85.01 B (in 2024).
  • Renewable Fuels revenue increased 100% ($5.57 B) from $0.00 (in 2023) to $5.57 B (in 2024).
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    Summary Table

    Products & Services 2022
    Value Change
    		2023
    Value Change
    		2024
    Value Change
    Chemicals Segment - - - - $863.00 M -
    Corporate and Other - - $36.00 M - $236.00 M
    555.56%
    Marketing And Specialties Segment $115.62 B - $98.77 B
    14.58%
    		$92.83 B
    6.01%
    Midstream Segment $19.12 B - $18.61 B
    2.70%
    		$19.65 B
    5.63%
    Refining Segment - - - - $85.01 B -
    Renewable Fuels - - - - $5.57 B -
    Total Revenue $134.74 B - $117.41 B
    12.86%
    		$204.16 B
    73.89%

    Frequently Asked Questions

    What was Phillips 66's largest product segment last year?

    In fiscal year 2024, Marketing And Specialties Segment revenue reached $92.83 Billion, representing 45.47% of Phillips 66's total revenue and making it the largest segment for the company.

    Which product segment experienced the highest growth for Phillips 66 last year?

    The Corporate and Other segment is Phillips 66's highest growth segment, with a revenue growth of +555.56% in 2024 compared to 2023.

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