Phillips 66 (XTER:R66) Retained Earnings : €28,476 Mil (As of Mar. 2025)

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What is Phillips 66 Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Phillips 66's retained earnings for the quarter that ended in Mar. 2025 was €28,476 Mil.

Phillips 66's quarterly retained earnings increased from Sep. 2024 (€28,145 Mil) to Dec. 2024 (€29,386 Mil) but then declined from Dec. 2024 (€29,386 Mil) to Mar. 2025 (€28,476 Mil).

Phillips 66's annual retained earnings increased from Dec. 2022 (€24,008 Mil) to Dec. 2023 (€28,014 Mil) and increased from Dec. 2023 (€28,014 Mil) to Dec. 2024 (€29,386 Mil).

Phillips 66 Retained Earnings Historical Data

The historical data trend for Phillips 66's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Phillips 66 Retained Earnings Chart

Phillips 66 Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Retained Earnings

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13,563.00

14,351.16

24,007.81

28,014.35

29,386.31

Phillips 66 Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Retained Earnings	Get a 7-Day Free Trial															28,378.32	29,144.59	28,144.54	29,386.31	28,476.13

Phillips 66 Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Phillips 66 (XTER:R66) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Phillips 66 Business Description

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Address

2331 CityWest Boulevard, Houston, TX, USA, 77042

Website

https://www.phillips66.com

Phillips 66 is an independent refiner that owns or holds interest in 11 refineries with a total crude throughput capacity of 1.8 million barrels per day, or mmb/d, at the end of 2024. The midstream segment comprises extensive transportation and NGL processing assets. It includes 70,000 miles of crude oil, refined petroleum product, NGL and natural gas pipeline systems, and a comprehensive set of refined petroleum product, NGL and crude oil terminals, gathering and processing plants and fractionation facilities and various other storage and loading facilities. Its CPChem chemical joint venture operates facilities primarily in the United States and the Middle East and produces olefins and polyolefins.

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