PSX
Phillips 66
PSX's fundamentals are strong and it looks cheap: trading at 8.4x earnings, below its usual 12x. Analysts expect strong earnings growth, though they disagree widely on how much.
PSX Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Healthy | |
| Unavailable |
PSX's revenue, profitability and cash flow are currently healthy. There isn't enough data to rate its balance sheet.
PSX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.1x | $160 | -39% |
| Forward | 7.1x | $263 | — |
| Current | 8.4x | $263 | — |
| Fair | 12x | $368 | +40% |
| Expensive | 28x | $887 | +237% |
Historical ranges are pointers, not guarantees.
PSX's PE is in its cheap range at 8.4x. If earnings grow as analysts expect, today's price would be 7.1x next year's earnings.
PSX Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Low |
Analysts expect earnings and revenue growth for PSX, with profitability improving. However, they disagree widely on these estimates.
PSX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $37.28 | +19% |
| Q3 2026 | $31.28 | +743% |
| Q2 2026 | $17.52 | +316% |
| Q1 2026 | $10.12 | +128% |
| Q4 2025 | $10.79 | +116% |
| Q3 2025 | $3.71 | -52% |
| Q2 2025 | $4.21 | -64% |
| Q1 2025 | $4.44 | -66% |
| Q4 2024 | $4.99 | -68% |
PSX's earnings per share have jumped to their highest in seven years: $31.28 over the past year, up from $3.71 the year before.
PSX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $50.5B | +46% |
| Q2 2026 | $51B | +53% |
| Q1 2026 | $32.5B | +6.9% |
| Q4 2025 | $34.1B | +1.3% |
| Q3 2025 | $34.5B | -2.9% |
| Q2 2025 | $33.3B | -13% |
| Q1 2025 | $30.4B | -15% |
| Q4 2024 | $33.7B | -12% |
PSX's revenue has grown year over year for four quarters in a row: $50.5B last quarter, up 46% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2020 | -4.2% | -7.9 points |
| Q4 2019 | 3.7% | N/A |
PSX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $7.3B | +518% |
| Q2 2026 | $7.3B | +759% |
| Q1 2026 | -$2.3B | -1311% |
| Q4 2025 | $2.8B | +130% |
| Q3 2025 | $1.2B | +4.1% |
| Q2 2025 | $845M | -60% |
| Q1 2025 | $187M | +$423M |
| Q4 2024 | $1.2B | -45% |
PSX generated $15B in free cash flow over the past year, about four times what it generated the year before.
PSX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -3.7M shares |
| 1 year | -1.6% | -6.6M shares |
| 3 years | -11% | -48.3M shares |
| 5 years | -9.4% | -41.4M shares |
| Available history | -12% | -54.9M shares |
PSX has 399M diluted shares, down 1.6% from a year ago, with $3.2B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2.3B |
| Q2 2026 | $379M |
| Q1 2026 | $269M |
| Q4 2025 | $274M |
| Q3 2025 | $267M |
| Q2 2025 | $419M |
| Q1 2025 | $247M |
| Q4 2024 | $647M |
PSX spent $3.2B buying back its own shares over the past year, up 102% from the year before.
PSX Net Leverage
PSX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.7 | Neutral |
| Stochastic | 63.2 | Neutral |
PSX's weekly RSI is 60 (neutral) and its Stochastic is 63 (neutral).
PSX PE vs Energy Sector
| Metric | PSX | Sector median | Relative |
|---|---|---|---|
| PE | 8.4x | 13x | 36% below |
| PE % | 29 | 61 | 32 pts below |
PSX is trading at 8.4x earnings, a 36% discount to the Energy sector's median of 13x.
PSX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $270.8 | 2.9% below |
| 20 week MA | $243.4 | 8% above |
| 50 week MA | $193.3 | 36% above |
| 100 week MA | $158.1 | 66% above |
| 200 week MA | $141.1 | 86% above |
PSX's trend is up, with a small recent dip: it's below only its 8-week average, and 86% above its 200-week average.
PSX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $110.6 | $68.7 | -38% |
| 2021 | $68.7 | $71.9 | +4.6% |
| 2022 | $71.9 | $103.9 | +45% |
| 2023 | $103.9 | $133.1 | +28% |
| 2024 | $133.1 | $112.6 | -15% |
| 2025 | $112.6 | $127.8 | +13% |
| 2026 YTD | $127.8 | $262.9 | +106% |
PSX has finished higher in four of the last six years. It's up 106% so far in 2026.