Phillips 66 (PSX) — Cash Flow Reinvestment Rate
Latest as of December 2025:
0.25x
Phillips 66 (PSX) has a Cash Flow Reinvestment Rate of 0.25x as of December 2025, reinvesting $682.00 Million (capex $682.00 Million ) from operating cash flow of $2.75 Billion. Check PSX cash flow quality score to evaluate the quality of earnings relative to operating cash generation.
Reinvestment Rate
0.25x
(Capex + Investments) / Operating CF
Total Reinvested
$682.00 Million
Capex + Investments
Operating Cash Flow
$2.75 Billion
USD
Capital Expenditures
$682.00 Million
USD
Phillips 66 Cash Flow Reinvestment Rate (2009–2025)
Historical reinvestment intensity for Phillips 66 across 17 annual periods. Explore Phillips 66 long-term investment allocation to see how much of total assets are deployed in long-term investments.
Annual Cash Flow Reinvestment Rate for Phillips 66 (2009–2025)
Year-by-year capital reinvestment analysis for Phillips 66. For live market cap and broader valuation context, see PSX company net worth.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.45x | $2.23 Billion | $4.96 Billion | $2.23 Billion | ▼ -56.4% |
| 2024 | 1.03x | $4.32 Billion | $4.19 Billion | $1.86 Billion | ▲ +72.3% |
| 2023 | 0.60x | $4.21 Billion | $7.03 Billion | $2.42 Billion | ▲ +122.8% |
| 2022 | 0.27x | $2.91 Billion | $10.81 Billion | $2.19 Billion | ▼ -24.0% |
| 2021 | 0.35x | $2.13 Billion | $6.02 Billion | $1.86 Billion | ▼ -75.1% |
| 2020 | 1.42x | $3.00 Billion | $2.11 Billion | $2.92 Billion | ▲ +76.3% |
| 2019 | 0.81x | $3.88 Billion | $4.81 Billion | $3.87 Billion | ▲ +131.3% |
| 2018 | 0.35x | $2.64 Billion | $7.57 Billion | $2.64 Billion | ▼ -31.0% |
| 2017 | 0.50x | $1.84 Billion | $3.65 Billion | $1.83 Billion | ▼ -54.3% |
| 2016 | 1.11x | $3.28 Billion | $2.96 Billion | $2.84 Billion | ▲ +8.6% |
| 2015 | 1.02x | $5.81 Billion | $5.71 Billion | $5.76 Billion | ▼ -4.9% |
| 2014 | 1.07x | $3.78 Billion | $3.53 Billion | $3.77 Billion | ▲ +249.7% |
| 2013 | 0.31x | $1.84 Billion | $6.03 Billion | $1.78 Billion | ▼ -27.8% |
| 2012 | 0.42x | $1.82 Billion | $4.30 Billion | $1.72 Billion | ▲ +107.6% |
| 2011 | 0.20x | $1.02 Billion | $5.01 Billion | $1.02 Billion | ▼ -62.9% |
| 2010 | 0.55x | $1.15 Billion | $2.09 Billion | $1.15 Billion | ▼ -78.9% |
| 2009 | 2.60x | $2.46 Billion | $946.00 Million | $2.46 Billion | — |
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow