Houston-based refiner Phillips 66 posted year-on-year gains for both profit and revenue as it looked to capitalize on shale and discount Canadian crude and blunt the impact of U.S. sanctions on Venezuela. Revenue was up nearly 25% to over $114 billion, while profits jumped to $5.6 billion, and the company’s capacity rates hit an impressive 99%. Phillips 66 also invested in storage and announced the construction in 2019 of the Grey Oak pipeline to bring crude to the refining hub of the Gulf Coast.
Company Info
| CEO | Greg C. Garland |
| CEO Title | Chairman & Chief Executive Officer |
| Sector | Energy |
| Industry | Petroleum Refining |
| HQ Location | Houston, Texas |
| Website | www.phillips66.com |
| Years on Fortune 500 List | 7 |
| Employees | 14,200 |
Key Financials (Last Fiscal Year)
| Revenues ($M) | $114,217 |
| Profits ($M) | $5,595 |
| Assets ($M) | $54,302 |
| Total Stockholder Equity ($M) | $24,653 |
Profit Ratios
| Profit as % of Revenues | 4.9% |
| Profits as % of Assets | 10.3% |
| Profits as % of Stockholder Equity | 22.7% |
Earnings Per Share (Last Fiscal Year)
| Earnings Per Share ($) | 1,180 |
| EPS % Change (from 2017) | 19.8% |
| EPS % Change (5 year annual rate) | 14.4% |
| EPS % Change (10 year annual rate) | - |
Total Return
| Total Return to Investors (2018) | -12.3% |
| Total Return to Investors (5 year, annualized) | 5.2% |
| Total Return to Investors (10 year, annualized) | - |
