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

Conocophillips brought in $58.9B of revenue in fiscal 2025, Phillips 66 $132.4B in fiscal 2025. Revenue changed by +7.7% at Conocophillips and -7.5% at Phillips 66 on the year before, so Conocophillips grew faster. Conocophillips kept 13.6% of its revenue as net profit, Phillips 66 3.3%.

Side by side, latest fiscal year

COPPSX
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$58.9B$132.4B
Revenue growth+7.7%-7.5%
Net income$8B$4.4B
Net margin13.6%3.3%
Free cash flown/an/a
Free cash flow marginn/an/a
Earnings per share (diluted)$6.35$10.79
Cash$6.5B$1.1B
Debt$22.4B$19.7B
Price to earnings20.123.7
Market value$152.9B$102B
Dividend yield2.50%1.86%
Rank by revenue in sector#7 of 129 · Energy#4 of 129 · Energy

Over the years

Revenue
COP FY2018: $38.7BCOP FY2019: $36.7BCOP FY2020: $18.8BCOP FY2021: $45.8BCOP FY2022: $78.5BCOP FY2023: $56.1BCOP FY2024: $54.7BCOP FY2025: $58.9BPSX FY2018: $111.5BPSX FY2019: $107.3BPSX FY2020: $64.1BPSX FY2021: $111.5BPSX FY2022: $170BPSX FY2023: $147.4BPSX FY2024: $143.2BPSX FY2025: $132.4BFY18FY19FY20FY21FY22FY23FY24FY25
COP $58.9BPSX $132.4B
Net income
COP FY2018: $6.3BCOP FY2019: $7.2BCOP FY2020: -$2.7BCOP FY2021: $8.1BCOP FY2022: $18.7BCOP FY2023: $11BCOP FY2024: $9.2BCOP FY2025: $8BPSX FY2018: $5.6BPSX FY2019: $3.1BPSX FY2020: -$4BPSX FY2021: $1.3BPSX FY2022: $11BPSX FY2023: $7BPSX FY2024: $2.1BPSX FY2025: $4.4BFY18FY19FY20FY21FY22FY23FY24FY25
COP $8BPSX $4.4B
Net margin
COP FY2018: 16.2%COP FY2019: 19.6%COP FY2020: -14.4%COP FY2021: 17.6%COP FY2022: 23.8%COP FY2023: 19.5%COP FY2024: 16.9%COP FY2025: 13.6%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
COP 13.6%PSX 3.3%
Revenue growth
COP FY2019: -5.3%COP FY2020: -48.8%COP FY2021: +144.0%COP FY2022: +71.3%COP FY2023: -28.5%COP FY2024: -2.5%COP FY2025: +7.7%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
COP +7.7%PSX -7.5%
Free cash flow
COP FY2018: $6.2BCOP FY2019: $4.5BCOP FY2020: $87MCOP FY2021: $11.7BCOP FY2022: $18.2BFY18FY19FY20FY21FY22
COP $18.2BPSX

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

Questions about Conocophillips and Phillips 66

Which is bigger by revenue, Conocophillips or Phillips 66?

Phillips 66 is bigger by revenue: $132.4B in fiscal 2025, against $58.9B for Conocophillips in fiscal 2025.

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

Conocophillips had a net margin of 13.6% in fiscal 2025; Phillips 66 had 3.3% in fiscal 2025.

Which grew revenue faster, Conocophillips or Phillips 66?

In their latest fiscal years revenue changed by +7.7% at Conocophillips 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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