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BP vs Phillips 66: revenue, profit, margins and growth compared

BP brought in $192.5B of revenue in fiscal 2025, Phillips 66 $132.4B in fiscal 2025. Revenue changed by -1.1% at BP and -7.5% at Phillips 66 on the year before, so BP grew faster. BP kept 0.0% of its revenue as net profit, Phillips 66 3.3%.

Side by side, latest fiscal year

BPPSX
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$192.5B$132.4B
Revenue growth-1.1%-7.5%
Net income$55M$4.4B
Net margin0.0%3.3%
Free cash flown/an/a
Free cash flow marginn/an/a
Earnings per share (diluted)n/a$10.79
Cash$36.6B$1.1B
Debt$58B$19.7B
Price to earningsn/a23.7
Market value$115.6B$102B
Dividend yieldn/a1.86%
Rank by revenue in sector#3 of 146 · Energy#6 of 146 · Energy

Over the years

Revenue
BP FY2018: $303.7BBP FY2019: $163.5BBP FY2020: $109.1BBP FY2021: $164.2BBP FY2022: $248.9BBP FY2023: $213BBP FY2024: $194.6BBP FY2025: $192.5BPSX FY2018: $111.5BPSX FY2019: $107.3BPSX FY2020: $64.1BPSX FY2021: $111.5BPSX FY2022: $170BPSX FY2023: $147.4BPSX FY2024: $143.2BPSX FY2025: $132.4BFY18FY19FY20FY21FY22FY23FY24FY25
BP $192.5BPSX $132.4B
Net income
BP FY2018: $9.4BBP FY2019: $4BBP FY2020: -$20.3BBP FY2021: $7.6BBP FY2022: -$2.5BBP FY2023: $15.2BBP FY2024: $381MBP FY2025: $55MPSX FY2018: $5.6BPSX FY2019: $3.1BPSX FY2020: -$4BPSX FY2021: $1.3BPSX FY2022: $11BPSX FY2023: $7BPSX FY2024: $2.1BPSX FY2025: $4.4BFY18FY19FY20FY21FY22FY23FY24FY25
BP $55MPSX $4.4B
Net margin
BP FY2018: 3.1%BP FY2019: 2.5%BP FY2020: -18.6%BP FY2021: 4.6%BP FY2022: -1.0%BP FY2023: 7.2%BP FY2024: 0.2%BP FY2025: 0.0%PSX FY2018: 5.0%PSX FY2019: 2.9%PSX FY2020: -6.2%PSX FY2021: 1.2%PSX FY2022: 6.5%PSX FY2023: 4.8%PSX FY2024: 1.5%PSX FY2025: 3.3%FY18FY19FY20FY21FY22FY23FY24FY25
BP 0.0%PSX 3.3%
Revenue growth
BP FY2019: -46.2%BP FY2020: -33.3%BP FY2021: +50.5%BP FY2022: +51.6%BP FY2023: -14.4%BP FY2024: -8.6%BP FY2025: -1.1%PSX FY2019: -3.7%PSX FY2020: -40.2%PSX FY2021: +73.8%PSX FY2022: +52.5%PSX FY2023: -13.3%PSX FY2024: -2.9%PSX FY2025: -7.5%FY19FY20FY21FY22FY23FY24FY25
BP -1.1%PSX -7.5%

Fiscal years as each company reports them; the two may end in different months.

Questions about BP and Phillips 66

Which is bigger by revenue, BP or Phillips 66?

BP is bigger by revenue: $192.5B in fiscal 2025, against $132.4B for Phillips 66 in fiscal 2025.

Which keeps more of its revenue as profit, BP or Phillips 66?

BP had a net margin of 0.0% in fiscal 2025; Phillips 66 had 3.3% in fiscal 2025.

Which grew revenue faster, BP or Phillips 66?

In their latest fiscal years revenue changed by -1.1% at BP and -7.5% at Phillips 66.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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