PSX reported FY 2025 net income attributable to shareholders of USD 4.4 billion, up from USD 2.12 billion in FY 2024, on income before income taxes of USD 5.42 billion. FY 2025 sales and other operating revenues fell 8%, while purchased crude oil and products declined 11%. Cash provided by operating activities was USD 4.96 billion in FY 2025, and cash and cash equivalents ended the year at USD 1.12 billion; total assets were USD 73.7 billion at Dec. 31, 2025. By segment in FY 2025, income (loss) before income taxes was USD 2.82 billion in Midstream, USD 297 million in Chemicals, a loss of USD 274 million in Refining, USD 4.5 billion in Marketing and Specialties, and a loss of USD 380 million in Renewable Fuels. The company said its FY 2025 results were supported by a USD 1.9 billion before-tax aggregate gain tied to the partial sale of its Germany and Austria retail marketing business in December 2025 and a USD 1 billion before-tax gain from the sale of its 49% stake in Coop Mineraloel AG in January 2025, partly offset by a USD 948 million before-tax impairment related to its equity method investment in WRB. PSX highlighted portfolio and operating updates including the USD 2.2 billion Coastal Bend midstream acquisition and a USD 1.3 billion purchase of the remaining 50% interest in WRB Refining LP, while reporting USD 3.5 billion of acquisitions (net of cash acquired) and USD 3.5 billion of asset disposition proceeds in FY 2025. The company also said it ceased fuel production and began idling facilities at its Los Angeles Refinery in Q4 2025, and reported worldwide refining crude utilization of 94% in FY 2025 and worldwide clean product yield of 87%. For shareholder returns, PSX reported USD 1.2 billion of share repurchases and USD 1.9 billion of dividends paid in FY 2025, and noted its board declared a quarterly dividend of USD 1.27 per share in February 2026.

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