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  • Previous Rank96
  • Revenues ($M)$91,568
  • Revenue Percent Change26.5%
  • Profits ($M)$5,106.00
  • Profits Percent Change228.4%
  • Assets ($M)$54,371.00
  • Employees14,600

The largest U.S. refiner by market value, Phillips 66 enjoyed the industry’s highest profits in 2017. Annual earnings climbed well over 200% from the previous year on revenues of $91.5 billion. Yet one of the company’s longtime champions, Warren Buffett, sold a large share of stock—Phillips acquired it in a buy-back but only to avoid regulatory burdens—even as he spoke highly of the refiner, calling it “a great company with a diversified downstream portfolio and a strong management team.”

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Company Information

Greg C. Garland
Petroleum Refining
HQ Location
Years on Global 500 List6

Phillips 66 Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$91,56826.5%
Profits ($M)$5,106.00228.4%
Assets ($M)$54,371.00-
Total Stockholder Equity ($M)$25,085.00-

Profit Ratios

Profit as % of Revenues5.6%
Profits as % of Assets9.4%
Profits as % of Stockholder Equity20.4%