Phillips 66 (PSX) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Phillips 66 (PSX) has a cash flow conversion efficiency ratio of -0.076x as of March 2026. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($-2.26 Billion) by net assets ($29.68 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See PSX defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Phillips 66 - Cash Flow Conversion Efficiency Trend (2009–2025)
This chart illustrates how Phillips 66's cash flow conversion efficiency has evolved over time, based on yearly financial data.
Phillips 66 Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Phillips 66 ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Suncor Energy Inc
TO:SU
|
0.053x |
|
Barclays PLC
F:BCY2
|
N/A |
|
China Petroleum & Chemical Corp Class A
SHG:600028
|
0.054x |
|
Vale S.A.
SA:VALE3
|
0.083x |
|
Aon PLC
NYSE:AON
|
0.043x |
|
Lumentum Holdings Inc
NASDAQ:LITE
|
0.069x |
|
Digital Realty Trust Inc
NYSE:DLR
|
0.021x |
|
Natwest Group PLC
NYSE:NWG
|
0.121x |
Annual Cash Flow Conversion Efficiency for Phillips 66 (2009–2025)
The table below shows the annual cash flow conversion efficiency of Phillips 66 from 2009 to 2025. For the full company profile with market capitalisation and key ratios, see Phillips 66 (PSX) total market value.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $30.24 Billion | $4.96 Billion | 0.164x | +11.44% |
| 2024-12-31 | $28.46 Billion | $4.19 Billion | 0.147x | -33.70% |
| 2023-12-31 | $31.65 Billion | $7.03 Billion | 0.222x | -29.95% |
| 2022-12-31 | $34.11 Billion | $10.81 Billion | 0.317x | +14.01% |
| 2021-12-31 | $21.64 Billion | $6.02 Billion | 0.278x | +183.53% |
| 2020-12-31 | $21.52 Billion | $2.11 Billion | 0.098x | -44.58% |
| 2019-12-31 | $27.17 Billion | $4.81 Billion | 0.177x | -36.55% |
| 2018-12-31 | $27.15 Billion | $7.57 Billion | 0.279x | +109.70% |
| 2017-12-31 | $27.43 Billion | $3.65 Billion | 0.133x | +6.50% |
| 2016-12-31 | $23.73 Billion | $2.96 Billion | 0.125x | -47.67% |
| 2015-12-31 | $23.94 Billion | $5.71 Billion | 0.239x | +49.03% |
| 2014-12-31 | $22.04 Billion | $3.53 Billion | 0.160x | -40.50% |
| 2013-12-31 | $22.39 Billion | $6.03 Billion | 0.269x | +30.36% |
| 2012-12-31 | $20.81 Billion | $4.30 Billion | 0.206x | -3.93% |
| 2011-12-31 | $23.29 Billion | $5.01 Billion | 0.215x | +167.37% |
| 2010-12-31 | $26.03 Billion | $2.09 Billion | 0.080x | +128.91% |
| 2009-12-31 | $26.94 Billion | $946.00 Million | 0.035x | -- |
About Phillips 66
Phillips 66 operates as an integrated downstream energy provider in the United States, the United Kingdom, Germany, and internationally. It operates through five segments: Midstream, Chemicals, Refining, Marketing and Specialties (M&S), and Renewable Fuels. The Midstream segment provides crude oil and refined petroleum product transportation, terminaling, and storage services, as well as natural … Read more