PSX at a glance
Phillips 66 (PSX, SEC CIK 1534701) filed its latest 10-K annual report on February 20, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on October 5, 2026 and Form 4 insider filings as recently as September 17, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Phillips 66 (PSX) reported revenue of $132.4 billion (down 7.5% from FY2024) and net income of $4.4 billion. Diluted EPS was $10.79.
- As of June 30, 2026, 58 institutional investment managers tracked by SignalX reported holding Phillips 66 (PSX) shares worth $29.9 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Mandell Brian on September 16, 2026 of 23,400 shares at $265.06 per share.
- In the last 90 days, PSX insiders reported 0 open-market purchases ($0) and 14 open-market sales ($29.9M) on Form 4, a net sale of $29.9M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $132.4B
- −7.5% vs prior year
- Insiders · 90 days
- 0 buys · 14 sells
- Net −$29.9M
- 13F holders
- 58 funds
- $29.9B · +1 vs prior quarter
- Latest 8-K
- Aug 21, 2026
- Item 1.01 · Item 2.03
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Risk Factors
- Regulatory risk: California Senate Bill No. 2 (SBx 1-2) imposes maximum gasoline refining margin and financial penalties, expanding California Energy Commission oversight and maintenance reporting requirements
- Geopolitical risk: Conflicts in Middle East, Eastern Europe, South America disrupt crude oil supply, impacting Midstream, Refining, and Marketing segments and pipeline volumes
- Supply chain vulnerability: Reliance on third-party transportation for crude oil and refined products risks costly disruptions from weather, protests, or governmental restrictions
- Competitive risk: Competitors with own crude production and extensive retail outlets can offset refining losses, challenging Phillips 66's feedstock access and market position
- Financial risk: Large capital-intensive projects like San Francisco Refinery conversion subject to regulatory, market, and supply chain uncertainties, potentially reducing expected returns
Management Discussion & Analysis
- Revenue decreased 8% in 2025 due to lower prices, partially offset by higher sales volumes; operating cash flow $5B with net income $4.4B vs $2.1B in 2024
- Operating margin improved with realized refining margins $10.88/bbl in 2025 vs $8.84/bbl in 2024; net income margin approx. 10.9% on net income $4.4B and revenue implied higher than prior year
- Best segment: Marketing & Specialties with income before taxes $4.5B in 2025 vs $1.0B in 2024; worst segment: Renewable Fuels loss $380M in 2025 vs loss $198M in 2024
- Capital allocation: Capex and investments $2.2B in 2025, acquisitions $3.5B, asset dispositions $3.5B proceeds; share repurchases $1.2B, dividends $1.9B, debt repayments net $0.4B; ending cash $1.1B
- Outlook: Targeting $2.5B annual capex through 2027 with growth in Midstream and Chemicals; aim to reduce debt to $17B and debt-to-capital ratio; dividend raised quarterly to $1.27/share
AI summary of the PSX 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue up 53% YoY; exact quarterly dollar amount not provided
- Net income attributable to Phillips 66 $3.847B vs $877M YoY
- Refining best segment: $3.062B vs $359M; worldwide realized margin $24.08 vs $11.25 per barrel
- Cash operations $7.3B; net debt repayments $6.7B; capex and investments $726M
- Headwinds: commodity-price volatility and geopolitical disruptions could materially impact future results
Risk Factors
- No risk-factors section provided; filing excerpt contains Items 2, 5, and 6 only
- New $10 billion share-repurchase authorization approved July 29, 2026
- Repurchase capacity reduced to $1.659 billion by June 30, 2026
- Share repurchases subject to market conditions and applicable regulatory requirements
AI summary of the PSX 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 1.01: Entry into a Material Definitive Agreement
- Receivables securitization capacity increased: committed facility from $1.75 billion to $2 billion
- New uncommitted facility established with capacity up to $250 million
Item 2.03: Creation of a Direct Financial Obligation
- Fifth amendment to receivables purchase and financing agreement dated August 20, 2026
- Phillips 66 Receivables LLC, PNC Bank and purchaser-lenders remain parties to the financing arrangement
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 financial and operating results for quarter ended June 30, 2026
- Press release and additional financial information furnished in Exhibits 99.1 and 99.2
Item EX-99.1: Item EX-99.1
- Q2 earnings surged to $3.8B, or $9.55 per share, versus $207M in Q1; adjusted EPS reached $9.41
- Refining drove results with $3.1B adjusted earnings, supported by $24.08 per barrel realized margins and 96% utilization
AI summaries of PSX 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for PSX
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Mandell Brian | M | Sep 16, 2026 | 23,400 | - |
| Mandell Brian | Sell | Sep 16, 2026 | 23,400 | $265.06 |
| Mandell Brian | M | Sep 16, 2026 | 23,400 | $74.70 |
| Kluppel Ann M | G | Sep 10, 2026 | 40 | - |
| Harbison Richard G | M | Aug 12, 2026 | 23,800 | $100.44 |
| Harbison Richard G | M | Aug 12, 2026 | 13,500 | - |
| Harbison Richard G | M | Aug 12, 2026 | 14,800 | - |
| Harbison Richard G | M | Aug 12, 2026 | 13,500 | $74.70 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|
| Profitability | ||||
| Revenue | $147.4B | $143.2B | $132.4B | |
| Net Income | $7.0B | $2.1B | $4.4B | |
| Net Margin | 4.8% | 1.5% | 3.3% | |
| Balance Sheet | ||||
| Total Assets | $75.5B | $72.6B | $73.7B | |
| Equity | $30.6B | $27.4B | $29.1B | |
| ROE | 22.9% | 7.7% | 15.1% | |
| Per Share | ||||
| EPS | $15.48 | $4.99 | $10.79 | |
| Cash Flow | ||||
| Operating CF | $7.0B | $4.2B | $5.0B | |
Source: XBRL data in Phillips 66 (PSX)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate PSX share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 58 | $29.94B |
| Q1 2026 | 57 | $32.12B |
| Q4 2025 | 53 | $22.31B |
| Q3 2025 | 56 | $24.03B |
| Q2 2025 | 52 | $21.02B |
| Q1 2025 | 51 | $16.43B |
| Q4 2024 | 47 | $13.18B |
| Q3 2024 | 46 | $9.56B |
- BlackRock+2.09M (+7%)
- AQR Capital Management+1.11M (+33%)
- Citadel Advisors LLC+839.8K (+160%)
- Two Sigma Investments+547.4K (+18245%)
- State Street Corp+271.8K (+1%)
- Wells Fargo & Co−1.31M (-9%)
- T. Rowe Price Group−980.4K (-21%)
- Millennium Management−732.0K (-61%)
- FMR LLC (Fidelity)−599.0K (-14%)
- BNY Mellon−412.4K (-6%)
- D.E. Shaw & Co−29.4K
- PARK NATIONAL CORP /OH/−1.1K
Source: 13F-HR filings on SEC EDGAR (aggregated from 420 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
PSX filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Oct 5, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 14, 2026 | - | - | - |
| 8-K | Aug 21, 2026 | - | Analysis | - |
| 4 | Aug 13, 2026 | - | - | - |
| 4 | Aug 12, 2026 | - | - | - |
| 4 | Aug 11, 2026 | - | - | - |
| 4 | Aug 11, 2026 | - | - | - |
| 8-K | Aug 5, 2026 | - | Analysis | - |
| 10-Q | Aug 5, 2026 | Jun 30, 2026 | Analysis | |
| 4 | Jul 21, 2026 | - | - | - |
| 4 | Jul 21, 2026 | - | - | - |
| 4 | Jul 13, 2026 | - | - | - |
| 8-K | May 14, 2026 | - | Analysis | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 7, 2026 | - | - | |
| SC 13G | Apr 30, 2026 | - | - | |
| 8-K | Apr 29, 2026 | - | Analysis | - |
| 10-Q | Apr 29, 2026 | Mar 31, 2026 | Analysis | |
| SC 13G | Apr 29, 2026 | - | - | |
| 8-K | Apr 6, 2026 | - | Analysis | - |
| SC 13D | Apr 3, 2026 | - | - | |
| 4 | Apr 3, 2026 | - | - | - |
| 4 | Apr 1, 2026 | - | - | - |
| 8-K | Mar 18, 2026 | - | Analysis | - |
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PSX SEC filings: frequently asked questions
Are PSX insiders buying or selling?
In the last 90 days, Phillips 66 (PSX) officers, directors and 10% owners reported no open-market purchases and 14 open-market sales worth $29.9 million by 6 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold PSX stock?
As of June 30, 2026, the largest Phillips 66 (PSX) holders among the 13F filers tracked by SignalX were BlackRock ($5.8 billion), Vanguard Capital Management LLC ($4.4 billion), State Street Corp ($4.4 billion), Vanguard Portfolio Management LLC ($3.8 billion), Wells Fargo & Co ($2.1 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was PSX's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Phillips 66 (PSX) reported revenue of $132.4 billion (down 7.5% from FY2024) and net income of $4.4 billion. Diluted EPS was $10.79. The figures come from the XBRL data in the 10-K.
What are the main risks in PSX's latest 10-K?
In the 10-K filed February 20, 2026, Phillips 66 (PSX) flagged: Regulatory risk: California Senate Bill No. 2 (SBx 1-2) imposes maximum gasoline refining margin and financial penalties, expanding California Energy Commission oversight and maintenance reporting requirements. Geopolitical risk: Conflicts in Middle East, Eastern Europe, South America disrupt crude oil supply, impacting Midstream, Refining, and Marketing segments and pipeline volumes. (AI summary of the Risk Factors section.)
What did PSX report in its latest 8-K?
Phillips 66 (PSX) filed an 8-K on August 21, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement) and Item 2.03 (Creation of a Direct Financial Obligation). Receivables securitization capacity increased: committed facility from $1.75 billion to $2 billion.
What are the latest PSX SEC filings?
Phillips 66 (PSX) filed its latest 10-K annual report on February 20, 2026, a 10-Q quarterly report on August 5, 2026, an 8-K current report on October 5, 2026 and a Form 4 insider filing on September 17, 2026.
What is PSX's SEC CIK number?
Phillips 66 (PSX)'s SEC Central Index Key (CIK) is 1534701. EDGAR lists every PSX filing under that number.
Ask anything about PSX
The research agent reads PSX's filings, financials, insider trades and 13F holders, then answers with sources.