Phillips 66 Capital Reinvestment Ratio
Phillips 66 capital reinvestment ratio. Phillips 66 (PSX) has a Capital Reinvestment Ratio of 0.10x as of June 2026, meaning it reinvests 0% of its operating cash flow ($7.26 Billion) in capital expenditures ($726.00 Million). Check Phillips 66 investment reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Phillips 66 (2009–2025)
Capital reinvestment ratio of Phillips 66 from 2009 to 2025. This chart tracks Phillips 66's Capital Reinvestment Ratio across 17 annual periods. Also explore PSX shareholders equity momentum to track the company's year-over-year net asset growth rate.
Phillips 66 Capital Reinvestment Ratio by Year (2009–2025)
Phillips 66 capital reinvestment ratio by year from 2009 to 2025. For the full cash flow conversion analysis, see PSX operating cash flow.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.45x | $4.96 Billion | $2.23 Billion | ▲ +1.5% |
| 2024 | 0.44x | $4.19 Billion | $1.86 Billion | ▲ +28.9% |
| 2023 | 0.34x | $7.03 Billion | $2.42 Billion | ▲ +69.5% |
| 2022 | 0.20x | $10.81 Billion | $2.19 Billion | ▼ -34.4% |
| 2021 | 0.31x | $6.02 Billion | $1.86 Billion | ▼ -77.7% |
| 2020 | 1.38x | $2.11 Billion | $2.92 Billion | ▲ +71.7% |
| 2019 | 0.81x | $4.81 Billion | $3.87 Billion | ▲ +131.2% |
| 2018 | 0.35x | $7.57 Billion | $2.64 Billion | ▼ -30.6% |
| 2017 | 0.50x | $3.65 Billion | $1.83 Billion | ▼ -47.7% |
| 2016 | 0.96x | $2.96 Billion | $2.84 Billion | ▼ -4.9% |
| 2015 | 1.01x | $5.71 Billion | $5.76 Billion | ▼ -5.6% |
| 2014 | 1.07x | $3.53 Billion | $3.77 Billion | ▲ +262.2% |
| 2013 | 0.30x | $6.03 Billion | $1.78 Billion | ▼ -26.3% |
| 2012 | 0.40x | $4.30 Billion | $1.72 Billion | ▲ +96.2% |
| 2011 | 0.20x | $5.01 Billion | $1.02 Billion | ▼ -62.9% |
| 2010 | 0.55x | $2.09 Billion | $1.15 Billion | ▼ -78.9% |
| 2009 | 2.60x | $946.00 Million | $2.46 Billion | — |