Phillips 66
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
PSX$250.70-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheet at December 31, 202 and
| Consolidated Balance Sheet | Phillips 66 | |
|---|---|---|
| Millions of Dollars | ||
| At December 31 | 2024 | 2023 |
| Assets | ||
| Cash and cash equivalents | $1,738 | 3,323 |
| Accounts and notes receivable (net of allowances of $70 million in 2024 and $71 million in 2023) | 9,544 | 10,483 |
| Accounts and notes receivable—related parties | 1,489 | 1,247 |
| Inventories | 3,995 | 3,750 |
| Prepaid expenses and other current assets | 1,144 | 1,138 |
| Total Current Assets | 17,910 | 19,941 |
| Investments and long-term receivables | 14,378 | 15,302 |
| Net properties, plants and equipment | 35,264 | 35,712 |
| Goodwill | 1,575 | 1,550 |
| Intangibles | 1,161 | 920 |
| Other assets | 2,294 | 2,076 |
| Total Assets | $72,582 | 75,501 |
| Liabilities | ||
| Accounts payable | $9,792 | 10,332 |
| Accounts payable—related parties | 512 | 569 |
| Short-term debt | 1,831 | 1,482 |
| Accrued income and other taxes | 1,060 | 1,200 |
| Employee benefit obligations | 732 | 863 |
| Other accruals | 1,160 | 1,410 |
| Total Current Liabilities | 15,087 | 15,856 |
| Long-term debt | 18,231 | 17,877 |
| Asset retirement obligations and accrued environmental costs | 1,129 | 864 |
| Deferred income taxes | 7,101 | 7,424 |
| Employee benefit obligations | 703 | 630 |
| Other liabilities and deferred credits | 1,868 | 1,200 |
| Total Liabilities | 44,119 | 43,851 |
| Equity | ||
| Common stock (2,500,000,000 shares authorized at $0.01 par value)Issued (2024—656,987,861 shares; 2023—654,842,101 shares) | ||
| Par value | 7 | 7 |
| Capital in excess of par | 19,788 | 19,650 |
| Treasury stock (at cost: 2024—248,594,923 shares; 2023—224,377,439 shares) | (22,751) | (19,342) |
| Retained earnings | 30,771 | 30,550 |
| Accumulated other comprehensive loss | (407) | (282) |
| Total Stockholders’ Equity | 27,408 | 30,583 |
| Noncontrolling interests | 1,055 | 1,067 |
| Total Equity | 28,463 | 31,650 |
| Total Liabilities and Equity | $72,582 | 75,501 |
| See Notes to Consolidated Financial Statements. | ||
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