Phillips 66 (PSX) — Cash Flow Reinvestment Rate
Latest as of June 2026:
0.10x
Phillips 66 (PSX) has a Cash Flow Reinvestment Rate of 0.10x as of June 2026, reinvesting $726.00 Million (capex $726.00 Million ) from operating cash flow of $7.26 Billion. See PSX cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
0.10x
(Capex + Investments) / Operating CF
Total Reinvested
$726.00 Million
Capex + Investments
Operating Cash Flow
$7.26 Billion
USD
Capital Expenditures
$726.00 Million
USD
Phillips 66 Cash Flow Reinvestment Rate (2009–2025)
Historical reinvestment intensity for Phillips 66 across 17 annual periods. For the full cash flow conversion analysis, see PSX cash flow metrics.
Annual Cash Flow Reinvestment Rate for Phillips 66 (2009–2025)
Year-by-year capital reinvestment analysis for Phillips 66. See PSX financial flexibility score to measure the company's free cash flow as a share of total liabilities.
| 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