Phillips 66 (PSX) 10-K Summary — Year Ended Dec 31, 2025

This filing covers the annual report of Phillips 66. The supplied sections contain only table-of-contents entries and no substantive business description or detailed risk factors.

Key takeaway

Year ended Dec 31, 2025 · FY2025 10-K

This filing covers the annual report of Phillips 66. The supplied sections contain only table-of-contents entries and no substantive business description or detailed risk factors.

Financial snapshot

Selected annual figures reported with the filing, shown separately from the narrative summary.

Annual revenue

$132.4B

Revenue reported for the fiscal year.

Operating income

n/a

Income from operations reported for the year.

Net income

$4.4B

Net income reported for the year.

Operating cash flow

$5B

Cash generated by operating activities.

Annual revenue trend

Reported annual revenue and its change from the preceding fiscal year.

Period ended	Revenue	Year-over-year change
Dec 31, 2022	$170B	+52.5%
Dec 31, 2023	$147.4B	-13.3%
Dec 31, 2024	$143.2B	-2.9%
Dec 31, 2025	$132.4B	-7.5%

Business overview

The supplied filing context does not include a description of the company's business. No information about products, operations, or industry is provided in the given sections.

Financial performance

The company's annual revenue declined compared to the prior period. Net income and operating cash flow were reported as positive. The revenue trend shows a decrease from earlier levels.

Material risks

The filing lists risk factors and a section on cybersecurity, but the specific risks are not described in the supplied text. No material risk details are available for analysis.

Liquidity and capital

No capital-allocation themes or liquidity discussions are provided in the supplied filing context. The management discussion section is referenced but not included in the given text.

What to watch

The next filing should be monitored for a complete description of the company's business and any updated risk factor disclosures.