Phillips 66 (PSX)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,746,000 | 8,020,000 | 12,745,000 | 3,826,000 | -287,000 |
| Revenue | US$ in thousands | 143,153,000 | 147,399,000 | 169,990,000 | 111,476,000 | 64,129,000 |
| Operating profit margin | 1.22% | 5.44% | 7.50% | 3.43% | -0.45% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,746,000K ÷ $143,153,000K
= 1.22%
The operating profit margin of Phillips 66 has shown a fluctuating trend over the years based on the provided data. Starting at -0.45% as of December 31, 2020, it then increased significantly to 3.43% by December 31, 2021. This positive momentum continued into the following year, reaching 7.50% by December 31, 2022, indicating improved operational efficiency and profitability.
However, there was a slight decline in the operating profit margin to 5.44% by December 31, 2023, suggesting potential challenges or changes in the company's operating environment affecting profitability. This trend continued with a more significant decrease to 1.22% by December 31, 2024, indicating a potential need for Phillips 66 to address cost management or revenue generation strategies to sustain or improve its profitability in the future.
Peer comparison
Dec 31, 2024