Phillips 66 (PSX) Revenue by Segment

Phillips 66 revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), Phillips 66's largest business segment was Marketing & Speciality, with $31.30 billion or 61% of revenue, up 49.8% from a year earlier. Next: Refining (27%), Midstream (10%) and Renewable Fuels (2%).

By product or service, Refined Petroleum Products and Renewable Fuels brought in 72%, Crude Oil brought in 16% and Natural Gas Liquids (NGL) brought in 9% of revenue in Q2 fiscal 2026.

By country, United States brought in 81%, United Kingdom brought in 11% and Other Geographical Areas brought in 6% of revenue in Q2 fiscal 2026.

The fastest-growing business segment from a year earlier was Refining (+91.7%).

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

Phillips 66

PSXEnergy

United States

Energy

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

Marketing and SpecialtiesRefiningMarketing & SpecialityMidstreamRenewable FuelsCorporate and otherCorporate and EliminationsCorporate and otherOther

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Marketing & Speciality	USD 31.30B	61.4%	+49.8%
Refining	USD 13.62B	26.7%	+91.7%
Midstream	USD 5.23B	10.3%	+15.5%
Renewable Fuels	USD 849.00M	1.7%	+8.7%
Corporate and Eliminationsi	USD 10.00M		-16.7%

Sum of items USD 50.99B; corporate items and eliminations USD 10.00M. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q4 FY17	Q3 FY17
Marketing and Specialties	–	–	–	–	–	–	–	–	–	–	25.1B	26.7B	23.2B	21.5B	25.2B	28.9B	33.4B	24.4B	22.1B	20.6B	17.9B	13.3B	10.2B	10.8B	7.3B	13.7B	19.7B	18.0B	19.0B	14.7B	18.5B	18.9B	–	18.6B
Refining	13.6B	7.8B	6.8B	7.3B	7.1B	5.7B	7.6B	8.8B	9.2B	9.2B	24.9B	8.6B	8.0B	8.2B	9.4B	11.7B	12.1B	8.6B	7.6B	7.4B	7.2B	6.6B	4.8B	4.1B	2.9B	6.1B	8.1B	8.1B	7.6B	7.1B	9.1B	9.1B	–	6.0B
Marketing & Speciality	31.3B	19.5B	21.7B	22.0B	20.9B	19.2B	20.9B	22.4B	24.9B	22.1B	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Midstream	5.2B	4.7B	4.7B	4.5B	4.5B	4.8B	4.5B	3.8B	3.6B	4.1B	4.6B	3.9B	3.4B	4.6B	5.6B	4.3B	3.1B	3.2B	2.9B	2.3B	1.9B	1.8B	1.4B	1.0B	718.0M	1.0B	1.3B	1.1B	1.2B	1.3B	1.4B	1.8B	–	1.0B
Renewable Fuels	849.0M	496.0M	876.0M	765.0M	781.0M	728.0M	729.0M	548.0M	350.0M	368.0M	–	385.0M	362.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Corporate and other	–	–	–	–	–	–	–	–	–	–	–	8.0M	9.0M	9.0M	8.0M	14.0M	7.0M	5.0M	11.0M	9.0M	5.0M	7.0M	9.0M	8.0M	6.0M	7.0M	7.0M	7.0M	7.0M	7.0M	6.0M	–	–	–
Corporate and Eliminations	10.0M	12.0M	10.0M	13.0M	12.0M	12.0M	–	12.0M	12.0M	13.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Corporate and other	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	7.0M	–	6.0M
Chemicals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.0M	–	2.0M

Phillips 66 revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Marketing & Speciality	$31.3B	$19.5B	$22.0B	$20.9B	61%
Refining	$13.6B	$7.8B	$7.3B	$7.1B	27%
Midstream	$5.2B	$4.7B	$4.5B	$4.5B	10%
Renewable Fuels	$849.0M	$496.0M	$765.0M	$781.0M	2%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Phillips 66 revenue by product or service, last 4 quarters

Product or service	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Refined Petroleum Products and Renewable Fuels	$37.0B	$24.9B	$25.5B	$24.2B	72%
Crude Oil	$8.3B	$4.3B	$4.2B	$4.2B	16%
Natural Gas Liquids (NGL)	$4.7B	$4.5B	$4.1B	$4.1B	9%
Other Product Line	$1.1B	–	$676.0M	$885.0M	2%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Phillips 66 revenue by country, last 4 quarters

Country	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
United States	$41.2B	$25.8B	$27.0B	$26.0B	81%
United Kingdom	$5.8B	$3.8B	$3.4B	$3.4B	11%
Other Geographical Areas	$3.1B	$2.3B	$2.8B	$2.6B	6%
Germany	$806.0M	$709.0M	$1.4B	$1.3B	2%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are Phillips 66's business segments?

Marketing & Speciality, Refining, Midstream and Renewable Fuels (as reported for Q2 fiscal 2026).

Which business segment makes the most money for Phillips 66?

Marketing & Speciality: $31.30 billion, or 61% of revenue, in Q2 fiscal 2026.

What are Phillips 66's main products and services?

By revenue in Q2 fiscal 2026: Refined Petroleum Products and Renewable Fuels (72%), Crude Oil (16%), Natural Gas Liquids (NGL) (9%) and Other Product Line (2%).

Where does Phillips 66 make its money?

By country in Q2 fiscal 2026: United States (81%), United Kingdom (11%), Other Geographical Areas (6%) and Germany (2%).

MorePhillips 66 stock overview Phillips 66 financials Phillips 66 executive team Phillips 66 shareholders

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

Marketing and SpecialtiesRefiningMarketing & SpecialityMidstreamRenewable FuelsCorporate and otherCorporate and EliminationsCorporate and otherOther

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Marketing & Speciality	USD 31.30B	61.4%	+49.8%
Refining	USD 13.62B	26.7%	+91.7%
Midstream	USD 5.23B	10.3%	+15.5%
Renewable Fuels	USD 849.00M	1.7%	+8.7%
Corporate and Eliminationsi	USD 10.00M		-16.7%

Sum of items USD 50.99B; corporate items and eliminations USD 10.00M. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q4 FY17	Q3 FY17
Marketing and Specialties	–	–	–	–	–	–	–	–	–	–	25.1B	26.7B	23.2B	21.5B	25.2B	28.9B	33.4B	24.4B	22.1B	20.6B	17.9B	13.3B	10.2B	10.8B	7.3B	13.7B	19.7B	18.0B	19.0B	14.7B	18.5B	18.9B	–	18.6B
Refining	13.6B	7.8B	6.8B	7.3B	7.1B	5.7B	7.6B	8.8B	9.2B	9.2B	24.9B	8.6B	8.0B	8.2B	9.4B	11.7B	12.1B	8.6B	7.6B	7.4B	7.2B	6.6B	4.8B	4.1B	2.9B	6.1B	8.1B	8.1B	7.6B	7.1B	9.1B	9.1B	–	6.0B
Marketing & Speciality	31.3B	19.5B	21.7B	22.0B	20.9B	19.2B	20.9B	22.4B	24.9B	22.1B	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Midstream	5.2B	4.7B	4.7B	4.5B	4.5B	4.8B	4.5B	3.8B	3.6B	4.1B	4.6B	3.9B	3.4B	4.6B	5.6B	4.3B	3.1B	3.2B	2.9B	2.3B	1.9B	1.8B	1.4B	1.0B	718.0M	1.0B	1.3B	1.1B	1.2B	1.3B	1.4B	1.8B	–	1.0B
Renewable Fuels	849.0M	496.0M	876.0M	765.0M	781.0M	728.0M	729.0M	548.0M	350.0M	368.0M	–	385.0M	362.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Corporate and other	–	–	–	–	–	–	–	–	–	–	–	8.0M	9.0M	9.0M	8.0M	14.0M	7.0M	5.0M	11.0M	9.0M	5.0M	7.0M	9.0M	8.0M	6.0M	7.0M	7.0M	7.0M	7.0M	7.0M	6.0M	–	–	–
Corporate and Eliminations	10.0M	12.0M	10.0M	13.0M	12.0M	12.0M	–	12.0M	12.0M	13.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Corporate and other	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	7.0M	–	6.0M
Chemicals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.0M	–	2.0M