Phillips 66 (PSX) — Financial Flexibility Index
Phillips 66 (PSX) has a Financial Flexibility Index of 0.16x as of June 2026. Free cash flow of $7.99 Billion (operating CF $7.26 Billion minus capex $726.00 Million) represents 0% of total liabilities ($49.11 Billion). Check PSX cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Phillips 66 Financial Flexibility Index (2009–2025)
Historical Financial Flexibility Index trend for Phillips 66 across 17 annual periods. For the full cash flow conversion analysis, see PSX cash generation efficiency.
Annual Financial Flexibility Index for Phillips 66 (2009–2025)
Year-by-year free cash flow to debt coverage for Phillips 66. Explore PSX debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.17x | $7.20 Billion | $4.96 Billion | $43.44 Billion | ▲ +20.8% |
| 2024 | 0.14x | $6.05 Billion | $4.19 Billion | $44.12 Billion | ▼ -36.3% |
| 2023 | 0.22x | $9.45 Billion | $7.03 Billion | $43.85 Billion | ▼ -29.9% |
| 2022 | 0.31x | $13.01 Billion | $10.81 Billion | $42.34 Billion | ▲ +32.4% |
| 2021 | 0.23x | $7.88 Billion | $6.02 Billion | $33.96 Billion | ▲ +53.1% |
| 2020 | 0.15x | $5.03 Billion | $2.11 Billion | $33.20 Billion | ▼ -44.9% |
| 2019 | 0.28x | $8.68 Billion | $4.81 Billion | $31.55 Billion | ▼ -26.9% |
| 2018 | 0.38x | $10.21 Billion | $7.57 Billion | $27.15 Billion | ▲ +84.9% |
| 2017 | 0.20x | $5.48 Billion | $3.65 Billion | $26.94 Billion | ▼ -2.2% |
| 2016 | 0.21x | $5.81 Billion | $2.96 Billion | $27.93 Billion | ▼ -55.4% |
| 2015 | 0.47x | $11.48 Billion | $5.71 Billion | $24.64 Billion | ▲ +70.3% |
| 2014 | 0.27x | $7.30 Billion | $3.53 Billion | $26.70 Billion | ▼ -4.0% |
| 2013 | 0.28x | $7.81 Billion | $6.03 Billion | $27.41 Billion | ▲ +29.1% |
| 2012 | 0.22x | $6.02 Billion | $4.30 Billion | $27.27 Billion | ▼ -27.1% |
| 2011 | 0.30x | $6.03 Billion | $5.01 Billion | $19.92 Billion | ▲ +76.7% |
| 2010 | 0.17x | $3.24 Billion | $2.09 Billion | $18.93 Billion | ▼ -19.9% |
| 2009 | 0.21x | $3.41 Billion | $946.00 Million | $15.94 Billion | — |