Phillips 66 (PSX)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 6,719,000 | 14,325,000 | -2,385,000 | -11,308,000 | 1,806,000 |
| Revenue | US$ in thousands | 146,507,000 | 178,483,000 | 114,646,000 | 65,436,000 | 110,275,000 |
| Operating profit margin | 4.59% | 8.03% | -2.08% | -17.28% | 1.64% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $6,719,000K ÷ $146,507,000K
= 4.59%
The operating profit margin for Phillips 66 has fluctuated over the past five years, ranging from a low of -2.44% in 2020 to a high of 5.65% in 2022. In 2021, the operating profit margin was relatively low at 0.40%. The latest available data for 2023 shows a slight decrease in the operating profit margin to 5.37%. Despite the fluctuations, it is notable that the company has managed to maintain positive operating profit margins in recent years, indicating its ability to control costs and generate profits from its core operations. Overall, while there have been ups and downs in the operating profit margin, Phillips 66 seems to have demonstrated resilience in its profitability performance.
Peer comparison
Dec 31, 2023