Phillips 66 Net Assets
Phillips 66 net assets. Based on the latest financial reports, Phillips 66 (PSX) has net assets worth $32.70 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($81.81 Billion) and total liabilities ($49.11 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Phillips 66 (PSX) equity growth momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $32.70 Billion |
| % of Total Assets | 39.97% |
| Annual Growth Rate | 0.73% |
| 5-Year Change | 39.77% |
| 10-Year Change | 27.46% |
| Growth Volatility | 16.78 |
Net Assets of Phillips 66 (2009–2025)
Net assets of Phillips 66 from 2009 to 2025. This chart illustrates how Phillips 66's net assets have evolved over time, based on quarterly financial data. See PSX equity financing ratio to measure how much of total assets are equity-financed.
Annual Net Assets for Phillips 66 (2009–2025)
The table below shows the annual net assets of Phillips 66 from 2009 to 2025. For live market cap and overall valuation, see Phillips 66 market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $30.24 Billion | +6.25% |
| 2024-12-31 | $28.46 Billion | -10.07% |
| 2023-12-31 | $31.65 Billion | -7.20% |
| 2022-12-31 | $34.11 Billion | +57.63% |
| 2021-12-31 | $21.64 Billion | +0.53% |
| 2020-12-31 | $21.52 Billion | -20.78% |
| 2019-12-31 | $27.17 Billion | +0.06% |
| 2018-12-31 | $27.15 Billion | -1.00% |
| 2017-12-31 | $27.43 Billion | +15.61% |
| 2016-12-31 | $23.73 Billion | -0.89% |
| 2015-12-31 | $23.94 Billion | +8.63% |
| 2014-12-31 | $22.04 Billion | -1.59% |
| 2013-12-31 | $22.39 Billion | +7.62% |
| 2012-12-31 | $20.81 Billion | -10.68% |
| 2011-12-31 | $23.29 Billion | -10.50% |
| 2010-12-31 | $26.03 Billion | -3.39% |
| 2009-12-31 | $26.94 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Phillips 66's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3323900000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Phillips 66 Net Assets Breakdown (December 2025)
Phillips 66 net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $33.24 Billion | 114.25% |
| Common Stock | $7.00 Million | 0.02% |
| Other Comprehensive Income | $-167.00 Million | -0.57% |
| Total Equity | $29.09 Billion | 100.00% |
Phillips 66 Competitors by Market Cap
The table below lists competitors of Phillips 66 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Postal Savings Bank of China Co Ltd
SHG:601658
|
$81.99 Billion |
|
Equinor ASA
F:DNQA
|
$82.16 Billion |
|
Applovin Corp
NASDAQ:APP
|
$82.73 Billion |
|
MercadoLibre Inc.
NASDAQ:MELI
|
$82.76 Billion |
|
China Petroleum & Chemical Corp Class A
SHG:600028
|
$81.74 Billion |
|
Glencore plc
MX:GLENN
|
$81.37 Billion |
|
DoorDash, Inc. Class A Common Stock
NASDAQ:DASH
|
$81.24 Billion |
|
General Motors Company
NYSE:GM
|
$80.81 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Phillips 66's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 27,408,000,000 to 29,093,000,000, a change of 1,685,000,000 (6.1%).
- Net income of 4,403,000,000 contributed positively to equity growth.
- Dividend payments of 1,922,000,000 reduced retained earnings.
- Share repurchases of 1,207,000,000 reduced equity.
- New share issuances of 107,000,000 increased equity.
- Other comprehensive income increased equity by 240,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.40 Billion | +15.13% |
| Dividends Paid | $1.92 Billion | -6.61% |
| Share Repurchases | $1.21 Billion | -4.15% |
| Share Issuances | $107.00 Million | +0.37% |
| Other Comprehensive Income | $240.00 Million | +0.82% |
| Other Changes | $64.00 Million | +0.22% |
| Total Change | $- | 6.15% |
Book Value vs Market Value Analysis
This analysis compares Phillips 66's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.64x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 6.17x to 3.64x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | $42.06 | $259.63 | x |
| 2010-12-31 | $40.63 | $259.63 | x |
| 2011-12-31 | $36.35 | $259.63 | x |
| 2012-12-31 | $32.63 | $259.63 | x |
| 2013-12-31 | $35.46 | $259.63 | x |
| 2014-12-31 | $37.78 | $259.63 | x |
| 2015-12-31 | $42.23 | $259.63 | x |
| 2016-12-31 | $42.24 | $259.63 | x |
| 2017-12-31 | $48.38 | $259.63 | x |
| 2018-12-31 | $52.01 | $259.63 | x |
| 2019-12-31 | $54.88 | $259.63 | x |
| 2020-12-31 | $43.19 | $259.63 | x |
| 2021-12-31 | $43.52 | $259.63 | x |
| 2022-12-31 | $62.26 | $259.63 | x |
| 2023-12-31 | $67.48 | $259.63 | x |
| 2024-12-31 | $64.97 | $259.63 | x |
| 2025-12-31 | $71.30 | $259.63 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Phillips 66 utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 15.13%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.33%
- • Asset Turnover: 1.79x
- • Equity Multiplier: 2.53x
- Recent ROE (15.13%) is above the historical average (13.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 1.77% | 0.42% | 2.63x | 1.59x | $-2.22 Billion |
| 2010 | 2.83% | 0.50% | 3.27x | 1.73x | $-1.87 Billion |
| 2011 | 20.53% | 2.43% | 4.55x | 1.86x | $2.45 Billion |
| 2012 | 19.85% | 2.48% | 3.45x | 2.31x | $2.05 Billion |
| 2013 | 16.97% | 2.36% | 3.17x | 2.27x | $1.53 Billion |
| 2014 | 22.06% | 3.26% | 2.99x | 2.26x | $2.60 Billion |
| 2015 | 18.30% | 4.97% | 1.75x | 2.10x | $1.92 Billion |
| 2016 | 6.95% | 2.18% | 1.38x | 2.31x | $-684.00 Million |
| 2017 | 20.35% | 5.70% | 1.65x | 2.17x | $2.60 Billion |
| 2018 | 22.70% | 5.03% | 2.05x | 2.20x | $3.13 Billion |
| 2019 | 12.35% | 2.86% | 1.83x | 2.36x | $585.00 Million |
| 2020 | -20.98% | -6.25% | 1.16x | 2.88x | $-5.88 Billion |
| 2021 | 6.86% | 1.17% | 2.01x | 2.90x | $-601.60 Million |
| 2022 | 37.38% | 6.48% | 2.23x | 2.59x | $8.07 Billion |
| 2023 | 22.90% | 4.76% | 1.95x | 2.47x | $3.95 Billion |
| 2024 | 7.72% | 1.48% | 1.97x | 2.65x | $-623.80 Million |
| 2025 | 15.13% | 3.33% | 1.79x | 2.53x | $1.49 Billion |
Industry Comparison
This section compares Phillips 66's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $7,399,956,542
- Average return on equity (ROE) among peers: 4.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Phillips 66 (PSX) | $32.70 Billion | 1.77% | 1.50x | $81.75 Billion |
| ARKO Petroleum Corp. (APC) | $21.86 Billion | 3.66% | 1.55x | $172.71 Million |
| Crossamerica Partners LP (CAPL) | $14.54 Million | -24.71% | 20.71x | $773.39 Million |
| Clean Energy Fuels Corp (CLNE) | $62.06 Million | 3.43% | 0.29x | $345.75 Million |
| Cosan SA ADR (CSAN) | $48.17 Billion | 2.44% | 1.79x | $3.96 Billion |
| CVR Energy Inc (CVI) | $689.60 Million | 2.07% | 1.52x | $3.13 Billion |
| HF Sinclair Corp (DINO) | $1.21 Billion | 1.62% | 1.60x | $13.13 Billion |
| Delek US Energy Inc (DK) | $575.20 Million | -97.43% | 10.59x | $2.82 Billion |
| Delek Logistics Partners LP (DKL) | $12.21 Million | 82.65% | 4.89x | $2.78 Billion |
| Delixy Holdings Limited Ordinary Shares (DLXY) | $1.82 Million | 63.12% | 4.72x | $6.74 Million |
| Icahn Enterprises LP (IEP) | $1.41 Billion | 4.88% | 0.61x | $3.80 Billion |
About Phillips 66
Phillips 66 operates as an integrated downstream energy provider in the United States, the United Kingdom, Germany, and internationally. It operates through five segments: Midstream, Chemicals, Refining, Marketing and Specialties (M&S), and Renewable Fuels. The Midstream segment provides crude oil and refined petroleum product transportation, terminaling, and storage services, as well as natural … Read more