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Phillips 66 PSX Equity Method Investments

Equity Method Investments at other companies

Applied Materials logo
Applied MaterialsAMAT
$5.14B+41.3%
CMS
CMS EnergyCMS
$65M-8.5%
Southern Company logo
Southern CompanySO
$1.37B
Edison International logo
Edison InternationalEIX
$4.52B+5.4%
Lennar logo
LennarLEN
$114.4M-14.3%
Lowe's Companies logo
Lowe's CompaniesLOW
$247M-17.7%

Segments

By segment

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Midstream$2.08B-6.6%
Refining$56M-97.5%
Renewable Fuels$14M0.0%

Other financials

Income statement

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Revenue$51.0B+53.1%
Gross profit$7.3B+72.9%
Net income$3.8B+339%
EPS (diluted)$9.55+344%

Balance sheet

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Cash & equivalents$4.1B+290%
Total debt$20.6B
Total equity$31.5B+14.6%
Total assets$81.8B+7.7%

Cash flow

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Operating cash flow$7.3B+759%

Valuation

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Market cap$81.36B+70.1%
Enterprise value$97.83B
P/E11.5×-16.4×
P/S0.5×+0.2×

Profitability

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Gross margin13.1%+3.1pp
Net margin4.7%+3.4pp

Returns & leverage

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Return on equity24%+18.0pp
Debt / equity0.7×
Current ratio1.3×+0.2×

Where this comes from

Reported directly by Phillips 66 in its filing.

Tagged under the XBRL concept us-gaap:InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures.

The source filing: Phillips 66’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:43 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001534701-26-000032
Line itemMillions of Dollars / Operating Segments / MidstreamMillions of Dollars / Operating Segments / ChemicalsMillions of Dollars / Operating Segments / RefiningMillions of Dollars / Operating Segments / M&SMillions of Dollars / Operating Segments / Renewable FuelsMillions of Dollars / Corporate and OtherMillions of Dollars / Total Consolidated
As of June 30, 2026
Investments In and Advances to Affiliates$2,0828,390561,40214411,948
Total Assets31,1308,41721,22912,0253,0016,00881,810
As of December 31, 2025
Investments In and Advances to Affiliates$2,1177,899651,33015211,428
Total Assets30,1727,89919,43510,0593,1972,91873,680

Item 1. FINANCIAL STATEMENTS

FAQ

What is Phillips 66's equity method investments?
Phillips 66 (PSX) reported equity method investments of $11.95B in Q2 2026.
What does equity method investments mean?
Investments in unconsolidated affiliates and joint ventures where the company has significant influence (typically 20-50% ownership), carried at proportional book value.

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