Phillips 66

For the period ended Jun 30, 2024. Filed Jul 31, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Jul 31, 2024

PSX$253.02+3.0%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statement of Changes in Equity

Consolidated Statement of Changes in Equity	Phillips 66

	Millions of Dollars
	Three Months Ended June 30
	Common Stock
	Par Value	Capital in Excess of Par	Treasury Stock	Retained Earnings	Accum. Other Comprehensive Loss	Noncontrolling Interests	Total
March 31, 2024	$7	19,674	(20,489)	30,846	(312)	1,067	30,793
Net income	—	—	—	1,015	—	5	1,020
Other comprehensive income	—	—	—	—	3	—	3
Dividends paid on common stock ($1.15 per share)	—	—	—	(485)	—	—	(485)
Repurchase of common stock	—	—	(843)	—	—	—	(843)
Distributions to noncontrolling interests	—	—	—	—	—	(20)	(20)
Benefit plan activity	—	43	—	(4)	—	—	39
June 30, 2024	$7	19,717	(21,332)	31,372	(309)	1,052	30,507
March 31, 2023	$7	19,795	(16,083)	26,903	(373)	4,667	34,916
Net income	—	—	—	1,697	—	37	1,734
Other comprehensive income	—	—	—	—	101	—	101
Dividends paid on common stock ($1.05 per share)	—	—	—	(474)	—	—	(474)
Repurchase of common stock	—	—	(1,339)	—	—	—	(1,339)
Distributions to noncontrolling interests	—	—	—	—	—	(67)	(67)
Acquisition of noncontrolling interest in DCP LP	—	(378)	—	—	—	(3,479)	(3,857)
Benefit plan activity	—	46	—	(4)	—	4	46
June 30, 2023	$7	19,463	(17,422)	28,122	(272)	1,162	31,060

	Shares
	Three Months Ended June 30
	Common Stock Issued	Treasury Stock
March 31, 2024	656,284,691	232,332,556
Repurchase of common stock	—	5,633,070
Shares issued—share-based compensation	250,118	—
June 30, 2024	656,534,809	237,965,626
March 31, 2023	653,266,184	194,403,868
Repurchase of common stock	—	13,669,459
Shares issued—share-based compensation	95,071	—
June 30, 2023	653,361,255	208,073,327
See Notes to Consolidated Financial Statements.

	Millions of Dollars
	Six Months Ended June 30
	Common Stock
	Par Value	Capital in Excess of Par	Treasury Stock	Retained Earnings	Accum. Other Comprehensive Loss	Noncontrolling Interests	Total
December 31, 2023	$7	19,650	(19,342)	30,550	(282)	1,067	31,650
Net income	—	—	—	1,763	—	18	1,781
Other comprehensive loss	—	—	—	—	(27)	—	(27)
Dividends paid on common stock ($2.20 per share)	—	—	—	(933)	—	—	(933)
Repurchase of common stock	—	—	(1,990)	—	—	—	(1,990)
Distributions to noncontrolling interests	—	—	—	—	—	(33)	(33)
Benefit plan activity	—	67	—	(8)	—	—	59
June 30, 2024	$7	19,717	(21,332)	31,372	(309)	1,052	30,507
December 31, 2022	$7	19,791	(15,276)	25,432	(460)	4,612	34,106
Net income	—	—	—	3,658	—	153	3,811
Other comprehensive income	—	—	—	—	188	—	188
Dividends paid on common stock ($2.10 per share)	—	—	—	(960)	—	—	(960)
Repurchase of common stock	—	—	(2,146)	—	—	—	(2,146)
Distributions to noncontrolling interests	—	—	—	—	—	(125)	(125)
Acquisition of noncontrolling interest in Phillips 66 Partners LP	—	(378)	—	—	—	(3,479)	(3,857)
Benefit plan activity	—	50	—	(8)	—	1	43
June 30, 2023	$7	19,463	(17,422)	28,122	(272)	1,162	31,060

	Shares
	Six Months Ended June 30
	Common Stock Issued	Treasury Stock
December 31, 2023	654,842,101	224,377,439
Repurchase of common stock	—	13,588,187
Shares issued—share-based compensation	1,692,708	—
June 30, 2024	656,534,809	237,965,626
December 31, 2022	652,373,645	186,529,667
Repurchase of common stock	—	21,543,660
Shares issued—share-based compensation	987,610	—
June 30, 2023	653,361,255	208,073,327
See Notes to Consolidated Financial Statements.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.