Phillips 66 (PSX) — Free Cash Flow Generation Index
Phillips 66 (PSX) has a Free Cash Flow Generation Index of 0.75x as of December 2025. Free cash flow of $2.07 Billion represents 1% of operating cash flow ($2.75 Billion). See Phillips 66 (PSX) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Phillips 66 Free Cash Flow Generation Index (2009–2025)
Historical FCF Generation Index trend for Phillips 66 across 17 annual periods. Explore PSX operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Phillips 66 (2009–2025)
Year-by-year Free Cash Flow Generation Index for Phillips 66. For the full company profile including market capitalisation, see Phillips 66 (PSX) market capitalisation.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.55x | $2.73 Billion | $4.96 Billion | $2.23 Billion | ▼ -1.2% |
| 2024 | 0.56x | $2.33 Billion | $4.19 Billion | $1.86 Billion | ▼ -15.2% |
| 2023 | 0.66x | $4.61 Billion | $7.03 Billion | $2.42 Billion | ▼ -17.7% |
| 2022 | 0.80x | $8.62 Billion | $10.81 Billion | $2.19 Billion | ▲ +15.4% |
| 2021 | 0.69x | $4.16 Billion | $6.02 Billion | $1.86 Billion | ▲ +280.3% |
| 2020 | -0.38x | $-809.00 Million | $2.11 Billion | $2.92 Billion | ▼ -297.1% |
| 2019 | 0.19x | $935.00 Million | $4.81 Billion | $3.87 Billion | ▼ -70.2% |
| 2018 | 0.65x | $4.93 Billion | $7.57 Billion | $2.64 Billion | ▲ +30.9% |
| 2017 | 0.50x | $1.82 Billion | $3.65 Billion | $1.83 Billion | ▲ +1139.5% |
| 2016 | 0.04x | $119.00 Million | $2.96 Billion | $2.84 Billion | ▲ +549.9% |
| 2015 | -0.01x | $-51.00 Million | $5.71 Billion | $5.76 Billion | ▲ +87.1% |
| 2014 | -0.07x | $-244.00 Million | $3.53 Billion | $3.77 Billion | ▼ -109.8% |
| 2013 | 0.70x | $4.25 Billion | $6.03 Billion | $1.78 Billion | ▲ +17.6% |
| 2012 | 0.60x | $2.58 Billion | $4.30 Billion | $1.72 Billion | ▼ -24.7% |
| 2011 | 0.80x | $3.98 Billion | $5.01 Billion | $1.02 Billion | ▲ +76.7% |
| 2010 | 0.45x | $942.00 Million | $2.09 Billion | $1.15 Billion | ▲ +128.1% |
| 2009 | -1.60x | $-1.51 Billion | $946.00 Million | $2.46 Billion | — |