Phillips 66

Phillips 66 ROCE

The Return on Capital Employed (ROCE) of Phillips 66 (PSX) as of Oct 27, 2026 is 14.76 %. In the previous year, Return on Capital Employed (ROCE) was 10.94 % — a change of 34.96% (higher).

ROCE

14.76 %

YoY

34.96%

Last updated:

In 2025, Phillips 66's return on capital employed (ROCE) was 14.76 %, a 34.96% increase from the 10.94 % ROCE in the previous year.

The Phillips 66 ROCE history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

ROCE
Date
ROCE
Jan 1, 2018
20.26 USD
Jan 1, 2019
13.40 USD
Jan 1, 2020
-20.75 USD
Jan 1, 2021
8.46 USD
Jan 1, 2022
31.42 USD
Jan 1, 2023
28.20 USD
Jan 1, 2024
10.94 USD
Jan 1, 2025
14.76 USD
The Phillips 66 ROCE history
YEARROCEYoY
14.76 %+34.96%
10.94 %-61.20%
28.20 %-10.24%
31.42 %+271.46%
8.46 %-140.77%
-20.75 %-254.84%
13.40 %-33.87%
20.26 %+129.52%
8.83 %+12.95%
7.81 %-54.96%
17.35 %+52.14%
11.40 %—

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Phillips 66 Stock analysis

What does Phillips 66 do? Phillips 66 is an American company specializing in the production of fuel, lubricants, and other petrochemical products. It has a long history dating back to 1917 when the Marland Oil Company was founded. The company grew rapidly and expanded in the 1930s through the construction of refineries. In 1955, Marland Oil Company merged with Phillips Petroleum Company to form the current Phillips 66. Today, Phillips 66 is one of the largest and most successful companies in the oil and gas industry, with its headquarters in Houston, Texas, and nearly 14,000 employees worldwide. The company's business model focuses on processing crude oil and gas from natural gas fields. It operates several refineries in the US, Europe, and Asia to produce gasoline, kerosene, diesel, and other petrochemical products from crude oil. Phillips 66 is also involved in the production of lubricants and other petrochemical products. The company is divided into four main segments: Refining, Marketing and Logistics, Chemicals, and Midstream. These segments complement each other and contribute to the company's success. The Refining segment includes the production of fuels such as gasoline, diesel, and jet fuel, as well as other petrochemical products. Phillips 66's refineries operate in the US, Europe, and Asia and process millions of barrels of crude oil daily. The Marketing and Logistics segment handles the marketing of Phillips 66 products. The company operates over 7,500 gas stations and supplies customers in the aviation, shipping, and transportation industries. Phillips 66 is also involved in the storage, transportation, and distribution of petrochemical products. The Chemicals segment includes the production of chemicals and plastic products from crude oil. Phillips 66's products are used in various industries, including the automotive, electronics, and packaging industries. The Midstream segment refers to the supply chain of crude oil and natural gas. Phillips 66 owns and operates pipelines, loading terminals, and oil ports in the US, Europe, and Asia. The company also provides services to remove sulfur from crude oil to meet emissions standards. Phillips 66's product range is diverse and includes fuels such as gasoline, diesel, jet fuel, and lubricants. The company also produces petrochemical products such as rubber, plastic, resin, and other specialty products. In the renewable energy sector, Phillips 66 has invested in some projects to reduce its CO2 emissions. The company is involved in the development of biofuels and has also partnered with a company to produce renewable natural gas in the US. Overall, Phillips 66 is a company with a long history and a wide range of products and services. It has successfully specialized in processing crude oil and gas from natural gas fields and operates successfully in various business areas. Phillips 66's commitment to renewable energy is another example of the company's ability to respond to industry challenges. Phillips 66 is one of the most popular companies on Eulerpool.

ROCE Details

Unraveling Phillips 66's Return on Capital Employed (ROCE)

Phillips 66's Return on Capital Employed (ROCE) is a financial metric that measures the company's profitability and efficiency with respect to the capital employed. It is calculated by dividing earnings before interest and tax (EBIT) by the employed capital. A higher ROCE indicates that the company is effectively utilizing its capital to generate profits.

Year-to-Year Comparison

Analyzing Phillips 66's ROCE annually provides valuable insights into its efficiency in using its capital to generate profits. An increasing ROCE indicates improved profitability and operational efficiency, whereas a decrease might signal potential issues in capital utilization or business operations.

Impact on Investments

Phillips 66's ROCE is a critical factor for investors and analysts for evaluating the company’s efficiency and profitability. A higher ROCE can make the company an attractive investment, as it often signifies that the firm is generating adequate profits from its employed capital.

Interpreting ROCE Fluctuations

Changes in Phillips 66’s ROCE are attributed to variations in EBIT or the capital employed. These fluctuations offer insights into the company’s operational efficiency, financial performance, and strategic financial management, assisting investors in making informed investment decisions.

Frequently Asked Questions about Phillips 66 stock

Return on Capital Employed (ROCE) of Phillips 66 is 14.76 % in 2025.

Return on Capital Employed (ROCE) of Phillips 66 changed from 10.94 % to 14.76 %, representing a 34.96% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Return on Capital Employed (ROCE) Phillips 66 since 2006 – with annual values, charts, and detailed analysis.

ROCE is a profitability measure and stands for Return on Capital Employed or the return on invested capital. The measure shows the ratio of operating profit to the interest-bearing capital employed. The higher the return on capital employed, the more profitable a company operates and the higher the important free cash flow. The free cash flow refers to the portion of profits that is not needed for expanding the company at the end of a period, but is available to shareholders.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Return on Capital Employed (ROCE)'s Phillips 66 with sector peers and the industry average to assess whether it is attractive.

To evaluate Return on Capital Employed (ROCE)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Return on Capital Employed (ROCE).

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Profitability — Phillips 66

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