Phillips 66 debt and dilution—

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$20,565M

Cash & equivalents

USD millions

$4,099M

Net debt

USD millions

$16,466M

Debt / equity

0.63×

Debt / assets

25.14%

Net debt / EBITDA

× · TTM

1.51×

Debt / FCF

× · TTM

—

The reported inputs required for this metric are unavailable in the extracted statements for this period.

Interest coverage

× · TTM

7.06×

Current ratio

1.32×

Diluted shares

Million shares

402.62M shares

Basic shares

Million shares

400.95M shares

Share count growth

-1.43%

Share repurchases

USD millions

$379M

Quarterly data

Phillips 66 capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q2	Jun 30, 2026	20,565	4,099	16,466	0.63×	25.14%	1.51×	—	7.06×	1.32×	402.62	400.95	-1.43%	379
FY 2026 Q1	Mar 31, 2026	27,124	5,150	21,974	0.91×	32.26%	—	—	—	1.13×	403.27	402.04	-1.75%	269
FY 2025 Q4	Dec 31, 2025	19,716	1,116	18,600	0.65×	26.76%	2.26×	—	4.79×	1.3×	408.55	403.65	-1.95%	274
FY 2025 Q3	Sep 30, 2025	21,755	1,845	19,910	0.77×	28.58%	—	—	—	1.23×	405.55	404.51	-3.07%	267
FY 2025 Q2	Jun 30, 2025	20,935	1,052	19,883	0.73×	27.57%	—	—	—	1.07×	407.93	406.76	-3.81%	419
FY 2025 Q1	Mar 31, 2025	18,803	1,489	17,314	0.66×	26.17%	—	—	—	1.23×	410.51	409.18	-4.61%	247
FY 2024 Q4	Dec 31, 2024	20,062	1,738	18,324	0.7×	27.64%	3.82×	—	2.68×	1.19×	410.97	411.69	-5.87%	647
FY 2024 Q3	Sep 30, 2024	19,998	1,637	18,361	0.67×	26.64%	—	—	—	1.21×	418.8	417.31	-6.07%	800
FY 2024 Q2	Jun 30, 2024	19,960	2,444	17,516	0.65×	26.28%	—	—	—	1.14×	425.73	422.87	-6.95%	840
FY 2024 Q1	Mar 31, 2024	20,154	1,570	18,584	0.65×	26.38%	—	—	—	1.17×	431.91	428.96	-7.71%	1,164
FY 2023 Q4	Dec 31, 2023	19,359	3,323	16,036	0.61×	25.64%	1.45×	—	10.16×	1.26×	441.36	437.36	-7.31%	1,153
FY 2023 Q3	Sep 30, 2023	19,444	3,539	15,905	0.61×	25%	—	—	—	1.29×	447.26	444.28	-7.71%	752
FY 2023 Q2	Jun 30, 2023	19,866	3,029	16,837	0.64×	26.53%	—	—	—	1.33×	456.17	454.45	-5.93%	1,309
FY 2023 Q1	Mar 31, 2023	18,485	6,965	11,520	0.53×	23.93%	—	—	—	1.54×	467.03	464.81	3.45%	800
FY 2022 Q4	Dec 31, 2022	17,190	6,133	11,057	0.5×	22.49%	0.82×	—	19.23×	1.38×	474.56	471.86	7.13%	753
FY 2022 Q3	Sep 30, 2022	17,657	3,744	13,913	0.53×	22.83%	—	—	—	1.3×	483.04	481.39	9.36%	694
FY 2022 Q2	Jun 30, 2022	12,969	2,809	10,160	0.53×	20.65%	—	—	—	1.28×	485.04	483.09	9.81%	66
FY 2022 Q1	Mar 31, 2022	14,434	3,335	11,099	0.65×	23.8%	—	—	—	1.13×	450.01	449.3	2.23%	0
FY 2021 Q4	Dec 31, 2021	14,448	3,147	11,301	0.67×	25.99%	3.91×	—	2.21×	1.15×	440.68	440.47	0.31%	0
FY 2021 Q3	Sep 30, 2021	14,910	2,897	12,013	0.72×	26.43%	—	—	—	1.15×	440.37	440.19	0.29%	0
FY 2021 Q2	Jun 30, 2021	15,413	2,207	13,206	0.75×	27.05%	—	—	—	1.08×	440.4	439.94	0.27%	0
FY 2021 Q1	Mar 31, 2021	15,422	1,351	14,071	0.75×	27.79%	—	—	—	1.26×	439.5	439.5	-0.42%	0
FY 2020 Q4	Dec 31, 2020	15,893	2,514	13,379	0.74×	29.04%	—	—	-10.08×	1.39×	439.11	439.11	-1.4%	0
FY 2020 Q3	Sep 30, 2020	14,526	1,462	13,064	0.65×	26.76%	—	—	-6.9×	1.22×	438.92	438.92	-2.25%	0
FY 2020 Q2	Jun 30, 2020	14,446	1,890	12,556	0.62×	26.5%	34.78×	—	-2.21×	1.25×	438.76	438.76	-3.29%	0
FY 2020 Q1	Mar 31, 2020	12,963	1,221	11,742	0.55×	24.25%	4.46×	—	2.84×	1.11×	441.35	441.35	-3.55%	443
FY 2019 Q4	Dec 31, 2019	11,763	1,614	10,149	0.43×	20.03%	1.88×	—	8.86×	1.24×	448.18	445.33	-3.54%	412
FY 2019 Q3	Sep 30, 2019	11,925	2,268	9,657	0.44×	20.3%	1.33×	—	12.76×	1.29×	451	449.01	-3.67%	439
FY 2019 Q2	Jun 30, 2019	11,439	1,819	9,620	0.42×	19.8%	1.16×	—	14.51×	1.28×	455.59	453.68	-3.13%	455
FY 2019 Q1	Mar 31, 2019	11,298	1,253	10,045	0.42×	19.53%	1.21×	—	13.96×	1.31×	459.29	457.6	-6.05%	344
FY 2018 Q4	Dec 31, 2018	11,160	3,019	8,141	0.41×	20.55%	0.93×	—	14.65×	1.48×	464.63	461.65	-9.16%	497
FY 2018 Q3	Sep 30, 2018	11,337	924	10,413	0.44×	20.29%	1.6×	—	10.33×	1.28×	469.44	466.11	-9.13%	405
FY 2018 Q2	Jun 30, 2018	11,364	1,884	9,480	0.46×	20.73%	1.65×	—	9.07×	1.24×	471.64	468.33	-9.55%	230
FY 2018 Q1	Mar 31, 2018	11,621	842	10,779	0.48×	22.29%	2.28×	—	7.45×	1.31×	489.67	487.07	-6.63%	3,513
FY 2017 Q4	Dec 31, 2017	10,110	3,119	6,991	0.37×	18.59%	1.61×	—	6.93×	1.42×	512.55	508.18	-3.06%	463
FY 2017 Q3	Sep 30, 2017	10,201	1,547	8,654	0.43×	19.35%	2.34×	—	5.9×	1.31×	515.96	512.92	-2.48%	461
FY 2017 Q2	Jun 30, 2017	9,965	2,161	7,804	0.42×	19.23%	2.41×	—	5.28×	1.4×	520.16	517.79	-1.98%	381
FY 2017 Q1	Mar 31, 2017	10,210	1,513	8,697	0.43×	19.86%	2.82×	—	5.28×	1.39×	524.52	521.65	-1.9%	285
FY 2016 Q4	Dec 31, 2016	10,138	2,711	7,427	0.43×	19.63%	2.26×	—	6.26×	1.34×	525.35	524.2	-2.27%	230
FY 2016 Q3	Sep 30, 2016	8,858	2,337	6,521	0.36×	17.63%	1.62×	—	8.93×	1.18×	528.8	525.99	-2.66%	179
FY 2016 Q2	Jun 30, 2016	8,862	2,232	6,630	0.37×	17.6%	1.19×	—	14.15×	1.22×	531.06	528.25	-3.01%	242
FY 2016 Q1	Mar 31, 2016	8,835	1,723	7,112	0.37×	18.31%	1.13×	—	16.73×	1.51×	534.71	531.74	-3%	391
FY 2015 Q4	Dec 31, 2015	8,887	3,074	5,813	0.37×	18.29%	0.83×	—	19.12×	1.63×	540.87	536.4	-3.29%	406
FY 2015 Q3	Sep 30, 2015	8,951	4,822	4,129	0.37×	18.11%	0.55×	—	20.72×	1.7×	544.7	540.36	-3.42%	373
FY 2015 Q2	Jun 30, 2015	8,965	5,089	3,876	0.39×	17.98%	0.57×	—	19.4×	1.64×	548.93	544.62	-3.74%	334
FY 2015 Q1	Mar 31, 2015	8,949	5,390	3,559	0.4×	18.23%	0.53×	—	19.92×	1.64×	552.34	548.2	-6.14%	399
FY 2014 Q4	Dec 31, 2014	8,684	5,207	3,477	0.39×	17.82%	0.53×	—	21.07×	1.5×	559.38	554.66	-7.38%	532
FY 2014 Q3	Sep 30, 2014	6,213	3,108	3,105	0.28×	12.51%	0.48×	—	20.8×	1.32×	564.96	559.49	-8.12%	494
FY 2014 Q2	Jun 30, 2014	6,212	4,956	1,256	0.28×	12.22%	0.23×	—	16.91×	1.36×	571.29	565.8	-8.62%	616
FY 2014 Q1	Mar 31, 2014	6,217	5,326	891	0.28×	12.23%	0.16×	—	17.03×	1.39×	589.58	584.05	-6.56%	640
FY 2013 Q4	Dec 31, 2013	6,155	5,400	755	0.27×	12.36%	0.12×	—	19.79×	1.49×	604.58	598.86	-4.72%	644
FY 2013 Q3	Sep 30, 2013	6,156	5,942	214	0.28×	12.07%	0.03×	—	19.37×	1.44×	614.52	608.93	-3.45%	674
FY 2013 Q2	Jun 30, 2013	6,469	4,220	2,249	0.3×	12.96%	0.28×	—	24.55×	1.47×	624.91	619.14	-1.49%	546
FY 2013 Q1	Mar 31, 2013	6,971	4,753	2,218	0.33×	13.63%	0.26×	—	24.71×	1.42×	631.29	625.03	-0.41%	382
FY 2012 Q4	Dec 31, 2012	6,974	3,474	3,500	0.34×	14.51%	0.47×	—	26.41×	1.44×	637.3	628.52	—	245
FY 2012 Q3	Sep 30, 2012	7,978	4,430	3,548	0.39×	15.27%	—	—	—	1.33×	637.91	630.67	—	—
FY 2012 Q2	Jun 30, 2012	7,986	3,104	4,882	0.42×	16.44%	—	—	—	1.29×	635.16	628.51	—	—
FY 2012 Q1	Mar 31, 2012	6,178	3,104	3,074	0.25×	11.66%	—	—	—	1.57×	634.65	627.63	—	—

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · PSX, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.