Phillips 66 operates in 4 segments: Midstream; Chemicals; Refining; and Marketing and Specialties (M&S).
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Phillips 66 pages available for free this week:
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value (EV)
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2012
- Price to Sales (P/S) since 2012
- Analysis of Revenues
- Aggregate Accruals
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Segment Profit Margin
Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
---|---|---|---|---|---|
Midstream | |||||
Chemicals | |||||
Refining | |||||
Marketing and Specialties (M&S) |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment profit margin | Midstream | Midstream segment profit margin ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Chemicals | Chemicals segment profit margin ratio improved from 2017 to 2018 and from 2018 to 2019. | |
Refining | Refining segment profit margin ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. | |
Marketing and Specialties (M&S) | Marketing and Specialties (M&S) segment profit margin ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019. |
Segment Profit Margin: Midstream
Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Income (loss) before income taxes | |||||
Sales and other operating revenues | |||||
Segment Profitability Ratio | |||||
Segment profit margin1 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Segment profit margin = 100 × Income (loss) before income taxes ÷ Sales and other operating revenues
= 100 × ÷ =
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment profit margin | Midstream | Midstream segment profit margin ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Segment Profit Margin: Chemicals
Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Income (loss) before income taxes | |||||
Sales and other operating revenues | |||||
Segment Profitability Ratio | |||||
Segment profit margin1 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Segment profit margin = 100 × Income (loss) before income taxes ÷ Sales and other operating revenues
= 100 × ÷ =
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment profit margin | Chemicals | Chemicals segment profit margin ratio improved from 2017 to 2018 and from 2018 to 2019. |
Segment Profit Margin: Refining
Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Income (loss) before income taxes | |||||
Sales and other operating revenues | |||||
Segment Profitability Ratio | |||||
Segment profit margin1 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Segment profit margin = 100 × Income (loss) before income taxes ÷ Sales and other operating revenues
= 100 × ÷ =
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment profit margin | Refining | Refining segment profit margin ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Segment Profit Margin: Marketing and Specialties (M&S)
Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Income (loss) before income taxes | |||||
Sales and other operating revenues | |||||
Segment Profitability Ratio | |||||
Segment profit margin1 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Segment profit margin = 100 × Income (loss) before income taxes ÷ Sales and other operating revenues
= 100 × ÷ =
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment profit margin | Marketing and Specialties (M&S) | Marketing and Specialties (M&S) segment profit margin ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019. |
Segment Return on Assets (Segment ROA)
Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
---|---|---|---|---|---|
Midstream | |||||
Chemicals | |||||
Refining | |||||
Marketing and Specialties (M&S) |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment ROA | Midstream | Midstream segment ROA improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Chemicals | Chemicals segment ROA improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019. | |
Refining | Refining segment ROA improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. | |
Marketing and Specialties (M&S) | Marketing and Specialties (M&S) segment ROA improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level. |
Segment ROA: Midstream
Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Income (loss) before income taxes | |||||
Total assets | |||||
Segment Profitability Ratio | |||||
Segment ROA1 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Segment ROA = 100 × Income (loss) before income taxes ÷ Total assets
= 100 × ÷ =
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment ROA | Midstream | Midstream segment ROA improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Segment ROA: Chemicals
Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Income (loss) before income taxes | |||||
Total assets | |||||
Segment Profitability Ratio | |||||
Segment ROA1 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Segment ROA = 100 × Income (loss) before income taxes ÷ Total assets
= 100 × ÷ =
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment ROA | Chemicals | Chemicals segment ROA improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019. |
Segment ROA: Refining
Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Income (loss) before income taxes | |||||
Total assets | |||||
Segment Profitability Ratio | |||||
Segment ROA1 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Segment ROA = 100 × Income (loss) before income taxes ÷ Total assets
= 100 × ÷ =
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment ROA | Refining | Refining segment ROA improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Segment ROA: Marketing and Specialties (M&S)
Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Income (loss) before income taxes | |||||
Total assets | |||||
Segment Profitability Ratio | |||||
Segment ROA1 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Segment ROA = 100 × Income (loss) before income taxes ÷ Total assets
= 100 × ÷ =
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment ROA | Marketing and Specialties (M&S) | Marketing and Specialties (M&S) segment ROA improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level. |
Segment Asset Turnover
Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
---|---|---|---|---|---|
Midstream | |||||
Chemicals | |||||
Refining | |||||
Marketing and Specialties (M&S) |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
Segment activity ratio | Reportable segment | The company |
---|---|---|
Segment asset turnover | Midstream | Midstream segment asset turnover ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Chemicals | Chemicals segment asset turnover ratio deteriorated from 2017 to 2018 and from 2018 to 2019. | |
Refining | Refining segment asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level. | |
Marketing and Specialties (M&S) | Marketing and Specialties (M&S) segment asset turnover ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Segment Asset Turnover: Midstream
Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Sales and other operating revenues | |||||
Total assets | |||||
Segment Activity Ratio | |||||
Segment asset turnover1 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Segment asset turnover = Sales and other operating revenues ÷ Total assets
= ÷ =
Segment activity ratio | Reportable segment | The company |
---|---|---|
Segment asset turnover | Midstream | Midstream segment asset turnover ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Segment Asset Turnover: Chemicals
Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Sales and other operating revenues | |||||
Total assets | |||||
Segment Activity Ratio | |||||
Segment asset turnover1 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Segment asset turnover = Sales and other operating revenues ÷ Total assets
= ÷ =
Segment activity ratio | Reportable segment | The company |
---|---|---|
Segment asset turnover | Chemicals | Chemicals segment asset turnover ratio deteriorated from 2017 to 2018 and from 2018 to 2019. |
Segment Asset Turnover: Refining
Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Sales and other operating revenues | |||||
Total assets | |||||
Segment Activity Ratio | |||||
Segment asset turnover1 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Segment asset turnover = Sales and other operating revenues ÷ Total assets
= ÷ =
Segment activity ratio | Reportable segment | The company |
---|---|---|
Segment asset turnover | Refining | Refining segment asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019 not reaching 2017 level. |
Segment Asset Turnover: Marketing and Specialties (M&S)
Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Sales and other operating revenues | |||||
Total assets | |||||
Segment Activity Ratio | |||||
Segment asset turnover1 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Segment asset turnover = Sales and other operating revenues ÷ Total assets
= ÷ =
Segment activity ratio | Reportable segment | The company |
---|---|---|
Segment asset turnover | Marketing and Specialties (M&S) | Marketing and Specialties (M&S) segment asset turnover ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Segment Capital Expenditures to Depreciation
Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
---|---|---|---|---|---|
Midstream | |||||
Chemicals | |||||
Refining | |||||
Marketing and Specialties (M&S) |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
Segment financial ratio | Reportable segment | The company |
---|---|---|
Segment capital expenditures to depreciation | Midstream | Midstream segment capital expenditures to depreciation ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Chemicals | ||
Refining | Refining segment capital expenditures to depreciation ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level. | |
Marketing and Specialties (M&S) | Marketing and Specialties (M&S) segment capital expenditures to depreciation ratio improved from 2017 to 2018 and from 2018 to 2019. |
Segment Capital Expenditures to Depreciation: Midstream
Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Capital expenditures and investments | |||||
Depreciation, amortization and impairments | |||||
Segment Financial Ratio | |||||
Segment capital expenditures to depreciation1 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Segment capital expenditures to depreciation = Capital expenditures and investments ÷ Depreciation, amortization and impairments
= ÷ =
Segment financial ratio | Reportable segment | The company |
---|---|---|
Segment capital expenditures to depreciation | Midstream | Midstream segment capital expenditures to depreciation ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Segment Capital Expenditures to Depreciation: Chemicals
Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Capital expenditures and investments | |||||
Depreciation, amortization and impairments | |||||
Segment Financial Ratio | |||||
Segment capital expenditures to depreciation1 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Segment capital expenditures to depreciation = Capital expenditures and investments ÷ Depreciation, amortization and impairments
= ÷ =
Segment financial ratio | Reportable segment | The company |
---|---|---|
Segment capital expenditures to depreciation | Chemicals |
Segment Capital Expenditures to Depreciation: Refining
Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Capital expenditures and investments | |||||
Depreciation, amortization and impairments | |||||
Segment Financial Ratio | |||||
Segment capital expenditures to depreciation1 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Segment capital expenditures to depreciation = Capital expenditures and investments ÷ Depreciation, amortization and impairments
= ÷ =
Segment financial ratio | Reportable segment | The company |
---|---|---|
Segment capital expenditures to depreciation | Refining | Refining segment capital expenditures to depreciation ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level. |
Segment Capital Expenditures to Depreciation: Marketing and Specialties (M&S)
Phillips 66; Marketing and Specialties (M&S); segment capital expenditures to depreciation calculation
Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||
Capital expenditures and investments | |||||
Depreciation, amortization and impairments | |||||
Segment Financial Ratio | |||||
Segment capital expenditures to depreciation1 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Segment capital expenditures to depreciation = Capital expenditures and investments ÷ Depreciation, amortization and impairments
= ÷ =
Segment financial ratio | Reportable segment | The company |
---|---|---|
Segment capital expenditures to depreciation | Marketing and Specialties (M&S) | Marketing and Specialties (M&S) segment capital expenditures to depreciation ratio improved from 2017 to 2018 and from 2018 to 2019. |
Sales and other operating revenues
Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
---|---|---|---|---|---|
Midstream | |||||
Chemicals | |||||
Refining | |||||
Marketing and Specialties (M&S) | |||||
Intersegment eliminations | |||||
Corporate and other | |||||
Consolidated |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
Depreciation, amortization and impairments
Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
---|---|---|---|---|---|
Midstream | |||||
Chemicals | |||||
Refining | |||||
Marketing and Specialties (M&S) | |||||
Corporate and other | |||||
Consolidated |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
Income (loss) before income taxes
Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
---|---|---|---|---|---|
Midstream | |||||
Chemicals | |||||
Refining | |||||
Marketing and Specialties (M&S) | |||||
Corporate and other | |||||
Consolidated |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
Total assets
Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
---|---|---|---|---|---|
Midstream | |||||
Chemicals | |||||
Refining | |||||
Marketing and Specialties (M&S) | |||||
Corporate and other | |||||
Consolidated |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
Capital expenditures and investments
Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
---|---|---|---|---|---|
Midstream | |||||
Chemicals | |||||
Refining | |||||
Marketing and Specialties (M&S) | |||||
Corporate and other | |||||
Consolidated |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).