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Phillips 66 PSX Equity method investments (Note 11)

Equity method investments (Note 11) at other companies

Marathon Petroleum logo
Marathon PetroleumMPC
$7B-1.4%
CRH logo
CRHCRH
$487M-33.5%
Blackstone logo
BlackstoneBX
$475.1M+13.1%
General Motors logo
General MotorsGM
$5.98B-13.1%
Bloom Energy logo
Bloom EnergyBE
$23.26M
Teradyne, Inc. logo
Teradyne, Inc.TER
$522.58M+2.5%

Other financials

Income statement

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Revenue$32.5B+6.9%
Gross profit$3.3B+20.0%
Net income$207.0M-57.5%
EPS (diluted)$0.51-56.8%

Balance sheet

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Cash & equivalents$5.2B+246%
Total debt$21.7B+0.7%
Total equity$28.5B+4.6%
Total assets$84.1B+17.0%

Cash flow

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Operating cash flow-$2.3B-1,311%

Valuation

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Market cap$68.86B+35.5%
P/E16.7×-10.7×
P/S0.5×+0.1×

Profitability

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Gross margin12.5%+3.4pp
Net margin3.1%+1.7pp

Returns & leverage

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Return on equity14.8%+8.3pp
Debt / equity0.7×0.0×
Current ratio1.1×-0.1×

Where this comes from

Reported directly by Phillips 66 in its filing.

Tagged under the XBRL concept us-gaap:EquityMethodInvestments.

The official record: Phillips 66’s 10-K, filed February 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Phillips 66's equity method investments (note 11)?
Phillips 66 (PSX) reported equity method investments (note 11) of $11.43B in Q4 2025.
How has Phillips 66's equity method investments (note 11) changed year-over-year?
Phillips 66's equity method investments (note 11) decreased by 18.5% year-over-year, from $14.01B to $11.43B.
What is the long-term trend for Phillips 66's equity method investments (note 11)?
Over 5 years (2020 to 2025), Phillips 66's equity method investments (note 11) has grown at a -2.6% compound annual growth rate (CAGR), from $13.04B to $11.43B.
What does equity method investments (note 11) mean?
This represents the carrying value of investments in entities where the company exercises significant influence but does not have full control. These investments are often joint ventures or partnerships in midstream or chemical assets. It reflects the company's strategic participation in shared infrastructure and collaborative business models.