Edwyn
Over the past five years, Phillips 66 has shown a mixed financial performance in terms of its balance sheet metrics. The company's total assets have fluctuated, starting at 54,721 million USD in 2020, peaking at 76,442 million USD in 2022, and then slightly decreasing to 72,582 million USD in 2024. This indicates some level of volatility in the company's asset base, potentially due to strategic investments or divestitures. While total liabilities have also increased over the period, from 33,198 million USD in 2020 to 44,119 million USD in 2024, the growth has been more pronounced. This has led to a decrease in stockholders' equity from 18,984 million USD in 2020 to 27,408 million USD in 2024. The notable increase in liabilities relative to equity could suggest increased leverage or borrowing by the company, which may have been undertaken to fund expansion or other strategic initiatives. It would be advisable for stakeholders to monitor this trend closely, considering the potential impact on the company's financial stability and risk profile within the industry.
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.