Phillips 66 (PSX) — Free Cash Flow Generation Index
Latest as of December 2025:
0.75x
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). Read Phillips 66 balance sheet liabilities for a breakdown of total debt and financial obligations.
FCF Generation Index
0.75x
Free Cash Flow / Operating CF
Free Cash Flow
$2.07 Billion
USD
Operating Cash Flow
$2.75 Billion
USD
Capital Expenditures
$682.00 Million
USD
Phillips 66 Free Cash Flow Generation Index (2009–2025)
Historical FCF Generation Index trend for Phillips 66 across 17 annual periods. Explore Phillips 66 (PSX) capital reinvestment to see what proportion of operating cash flow is directed to capital expenditures.
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 PSX company net worth.
| 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 | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).