Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $64,129 | $111,476 | $169,990 | $147,399 | $143,153 |
| Gross Profit | $6,422 | $9,374 | $20,058 | $19,313 | $13,191 |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$3,975 | $1,317 | $11,024 | $7,015 | $2,117 |
Over the five-year period, Phillips 66’s revenue shows a marked upward trend initially, rising from USD 64,129 million in 2020 to a peak of USD 169,990 million in 2022, before moderating to USD 143,153 million in 2024. Gross profit follows a parallel trajectory – starting at USD 6,422 million in 2020, increasing to an impressive USD 20,058 million in 2022, and then dropping to USD 13,191 million in 2024. The substantial revenue growth between 2020 and 2022 (an increase of roughly 166% over the period) may indicate robust market demand or favorable pricing conditions in the energy and refining sectors. However, the subsequent decline in both revenue and gross profit from 2022 onward (a year-over-year drop exceeding 15% in revenue from 2022 to 2024) suggests that Phillips 66 could be experiencing headwinds, possibly from fluctuating commodity prices or alterations in demand dynamics within the sector. Net income exhibits pronounced volatility as well. After a challenging 2020 with a net loss of USD 3,975 million, the company rebounded modestly to USD 1,317 million in 2021 before surging to USD 11,024 million in 2022—a significant turnaround of over 700% year-over-year. This strong recovery was followed by declines to USD 7,015 million in 2023 and further to USD 2,117 million in 2024, indicating periods of significant swings exceeding 20% annually in profitability. Notably, operating income is consistently reported as zero, limiting deeper insights into core operational performance. Overall, while Phillips 66 demonstrated a capacity to rebound from prior losses and capitalize on favorable market conditions in certain years, the subsequent declines and high volatility in net income raise questions about the sustainability of its current earnings momentum under shifting industry trends.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.