Phillips 66
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Phillips 66 (PSX). It shows which part of the business is growing — and which one is holding it back.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| United States | $48.71B 76.0% | $87.97B 78.9% · +80.6% | $137.00B 80.6% · +55.7% | $118.79B 80.6% · -13.3% | $113.60B 79.4% · -4.4% | $104.26B 78.8% · -8.2% |
| United Kingdom | $7.03B 11.0% | $11.13B 10.0% · +58.3% | $16.74B 9.8% · +50.4% | $14.64B 9.9% · -12.5% | $12.71B 8.9% · -13.2% | $13.21B 10.0% · +3.9% |
| Other foreign countries | $5.35B 8.3% | $8.08B 7.2% · +51.0% | $9.86B 5.8% · +22.0% | $8.42B 5.7% · -14.6% | $11.58B 8.1% · +37.4% | $9.92B 7.5% · -14.3% |
| Germany | $3.03B 4.7% | $4.29B 3.8% · +41.4% | $6.39B 3.8% · +49.0% | $5.55B 3.8% · -13.2% | $5.27B 3.7% · -5.1% | $4.99B 3.8% · -5.2% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Refined petroleum products and renewable fuels | – | – | – | $108.64B 73.7% | $103.69B 72.4% · -4.6% | $97.36B 73.5% · -6.1% |
| NGL and natural gas | $4.08B 6.4% | $9.07B 8.1% · +122.2% | $16.17B 9.5% · +78.2% | $14.47B 9.8% · -10.6% | $14.55B 10.2% · +0.6% | $17.07B 12.9% · +17.3% |
| Crude oil resales | $9.11B 14.2% | $12.80B 11.5% · +40.5% | $20.57B 12.1% · +60.7% | $20.82B 14.1% · +1.2% | $22.01B 15.4% · +5.7% | $15.18B 11.5% · -31.0% |
| Services and other | $1.16B 1.8% | $581.0M 0.5% · -50.0% | $1.44B 0.8% · +148.5% | $3.46B 2.4% · +139.9% | $2.91B 2.0% · -15.9% | $2.77B 2.1% · -4.9% |
| Refined petroleum products | $49.77B 77.6% | $89.02B 79.9% · +78.9% | $131.80B 77.5% · +48.1% | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.