Phillips 66 (PSX) — Free Cash Flow Generation Index
Latest as of June 2026:
0.90x
Phillips 66 (PSX) has a Free Cash Flow Generation Index of 0.90x as of June 2026. Free cash flow of $6.53 Billion represents 1% of operating cash flow ($7.26 Billion). Explore PSX capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
0.90x
Free Cash Flow / Operating CF
Free Cash Flow
$6.53 Billion
USD
Operating Cash Flow
$7.26 Billion
USD
Capital Expenditures
$726.00 Million
USD
Phillips 66 Free Cash Flow Generation Index (2009–2025)
Historical FCF Generation Index trend for Phillips 66 across 17 annual periods. For the full cash flow conversion analysis, see PSX cash generation efficiency.
Annual Free Cash Flow Generation for Phillips 66 (2009–2025)
Year-by-year Free Cash Flow Generation Index for Phillips 66. Check Phillips 66 cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| 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).