Phillips 66 (R66) Stock Price & Analysis
R66 Stock Chart & Stats
- Day’s Range
- EUR 245.20 - EUR 249.90
- 52-Week Range
- EUR 109.10 - EUR 267.40
- Previous Close
- EUR 244.20
- Volume
- N/A
- Average Volume (3M)
- 98
- Market Cap
- EUR 98.78B
- Enterprise Value
- EUR 115.71B
- Total Cash (Recent Filing)
- EUR 5.85B
- Total Debt (Recent Filing)
- EUR 18.53B
- Price to Earnings (P/E)
- 9.0
- Beta
- 0.15
- Next Earnings
- Feb 04, 2027 (Est.)
- EPS Estimate
- 9.79
- Next Dividend Ex-Date
- Nov 17, 2026
- Dividend Yield
- 1.76%
Bulls Say, Bears Say
Bulls Say
Strong Cash Generation
Exceptional cash conversion gives Phillips 66 internal funding capacity for debt reduction, dividends, repurchases, and investment. Because free cash flow nearly matched net income and grew 124% versus the prior period, the company has demonstrated meaningful financial strength despite its cyclical industry exposure.
Improving Balance Sheet
Lower leverage improves financial flexibility and reduces the burden of future interest and refinancing needs. Reaching the 2027 net debt-to-capital target ahead of schedule also strengthens Phillips 66’s ability to sustain shareholder returns while continuing to fund strategic projects.
Midstream Growth Platform
The midstream portfolio provides a growth avenue that is less directly tied to refining margins, supported by expanding infrastructure and rising Permian-related volumes. Planned plants, pipelines, and fractionation capacity can add durable earnings as utilization and throughput increase over multiple years.
Bears Say
Refining Earnings Cyclicality
Phillips 66’s earnings remain highly exposed to refining cycles, changing product spreads, utilization, and market balances. The sharp variation across recent years means strong TTM results may not persist consistently, creating ongoing uncertainty around sustainable margins and cash generation.
Lower U.S. Fuel Demand
Declining gasoline and diesel demand can pressure refinery throughput, product volumes, and marketing margins if the trend persists. Lower consumption also makes future earnings more dependent on market tightness, exports, and favorable product differentials rather than volume growth alone.
Chemicals Utilization Pressure
Sub-full utilization reduces the earnings contribution from Phillips 66’s chemicals joint venture and limits operating leverage across existing assets. Regional operating restrictions and weaker utilization can weigh on results while new projects ramp, making chemicals profitability less dependable in the near term.
Phillips 66 News
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Phillips 66 Stock Smart Score
Company Description
Phillips 66
Phillips 66 operates as a diversified energy company, specializing in both manufacturing and logistics. Its comprehensive business model is structured across four primary segments: Midstream, Chemicals, Refining, and Marketing & Specialties (M&S). The Midstream division manages the vital infrastructure for transporting and processing various energy commodities. This includes moving crude oil and other feedstocks, delivering refined petroleum products to market, offering terminaling and storage solutions, and handling natural gas liquids (NGLs) through processes like transportation, storage, fractionation, export, and marketing. It also provides fee-based processing services and oversees the gathering, processing, transportation, and marketing of natural gas. The Chemicals segment is dedicated to the production and distribution of a broad spectrum of chemical products. This encompasses olefins like ethylene, aromatics and styrenics such as benzene, cyclohexane, styrene, and polystyrene, alongside various specialty chemicals. These specialty products include organosulfur compounds, solvents, catalysts, and chemicals utilized in drilling and mining operations. Through its Refining segment, Phillips 66 transforms crude oil and other feedstocks into essential petroleum products. These include different grades of gasoline, distillates, aviation fuels, and renewable fuels, processed at its network of 12 refineries located in the United States and Europe. The Marketing & Specialties (M&S) segment focuses on the procurement, resale, and marketing of refined petroleum products like gasolines, distillates, and aviation fuels, primarily serving markets in the United States and Europe. This segment also manufactures and distributes specialized products, including base oils and lubricants. Phillips 66, founded in 1875, is headquartered in Houston, Texas.
- Sector
- Energy
- Industry
- Oil & Gas Refining & Marketing
- CEO
- Mark E. Lashier
- Employees
- 12,600
- Website
- www.phillips66.com
- Address
- 2331 CityWest Boulevard, Houston, TX, 77042, US
Phillips 66 (R66) Earnings & Revenues
R66 Company Deck
R66 Earnings Call
Earnings Call SentimentPositive
The call was strongly constructive. Phillips 66 reported record or strong operating metrics, substantial earnings and cash flow, significant debt reduction, increased shareholder returns, robust midstream growth prospects, and multiple optimization projects. The main challenges were lower U.S. fuel demand, below-full-rate Middle East chemicals operations, expected fourth-quarter costs and seasonal chemicals softness, working-capital and tax-related headwinds, and ongoing market volatility. Management nevertheless expressed confidence in continued market strength, future growth, balance-sheet flexibility, and dividend expansion.
View all DE:R66 earnings summariesR66 Net sales Breakdown
- 64.73% Marketing and Specialties
- 24.54% Refining
- 10.71% Midstream
R66 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 13 | 5 | 4 |
| Technical Analysis | 3 | 5 | 2 |
| Moving Averages | 10 | 0 | 2 |
