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. Explore Phillips 66 capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.
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. Also explore PSX total asset value for the complete picture of this company's asset base.
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