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  • Revenues ($M)$87,169
  • Revenue Percent Change-41.7%
  • Profits ($M)$4,227
  • Profits Percent Change-11.2%
  • Assets ($M)$48,580
  • Employees14,000
  • Market Value — as of March 31, 2016 ($M)$45,566
  • Previous Rank7
  • Morning Consult Brand Index
    B+

Like many companies that buy and refine crude oil and natural gas rather than selling them, Phillips 66 has been able to watch the devastation of the collapse in crude prices with relative calm. Admittedly, refining margins, which expanded as crude fell, compressed again earlier in 2016, causing it to miss analysts’ profit forecasts by a wide margin in the first quarter. But with U.S. gasoline demand set to rise this year, natural gas taking market share from coal in the electric power market, and with steady growth in global demand for plastics, its core businesses seem reasonably well set. On the downside, it has spent a lot of money to fit its refineries for processing (largely Canadian) heavy crude, which is at the wrong end of the global cost curve. But it has the confidence of Warren Buffett, who made it the fifth-largest holding in his portfolio at Berkshire Hathaway earlier this year, and it has a strong balance sheet even after whittling away its cash pile to increase dividends and stock buybacks. Major developments planned for this year include the completion of the Freeport LPG export terminal on the Gulf Coast.

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Company Info

CEO
Greg C. Garland
Sector
Energy
Industry
Petroleum Refining
HQ Location
Houston, TX
Websitehttp://www.phillips66.com
Years on Fortune 500 List4
Employees14,000

Key Financials (last fiscal year)

$ millions% change
Revenues ($M)$87,169-41.7%
Profits ($M)$4,227-11.2%
Assets ($M)$48,580-
Total Stockholder Equity ($M)$23,100-
Market Value — as of March 31, 2016 ($M)$45,566-

Profit Ratios

Profit as % of Revenues4.8%
Profits as % of Assets8.7%
Profits as % of Stockholder Equity18.3%

Earnings Per Share (Last Fiscal Year)

Earnings Per Share ($)7.73
EPS % Change (from 2014)-7.2%
EPS % Change (5 year annual rate)-
EPS % Change (10 year annual rate)-

Total Return

Total Return to Investors (2015)17.2%
Total Return to Investors (5 year, annualized)-
Total Return to Investors (10 year, annualized)-