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Stocks Comparison

Equinor Asa vs Phillips 66: revenue, profit, margins and growth compared

Equinor Asa brought in $106.5B of revenue in fiscal 2025, Phillips 66 $132.4B in fiscal 2025. Revenue changed by +2.6% at Equinor Asa and -7.5% at Phillips 66 on the year before, so Equinor Asa grew faster. Equinor Asa kept 4.7% of its revenue as net profit, Phillips 66 3.3%.

Side by side, latest fiscal year

EQNRPSX
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$106.5B$132.4B
Revenue growth+2.6%-7.5%
Net income$5B$4.4B
Net margin4.7%3.3%
Free cash flow$6Bn/a
Free cash flow margin5.6%n/a
Earnings per share (diluted)$1.94$10.79
Cash$5B$1.1B
Debtn/a$19.7B
Price to earningsn/a23.5
Market value$105.7B$101.2B
Dividend yieldn/a1.87%
Rank by revenue in sector#8 of 163 · Energy#6 of 163 · Energy

Over the years

Revenue
EQNR FY2018: $79.6BEQNR FY2019: $64.4BEQNR FY2020: $45.8BEQNR FY2021: $90.9BEQNR FY2022: $150.8BEQNR FY2023: $107.2BEQNR FY2024: $103.8BEQNR FY2025: $106.5BPSX FY2018: $111.5BPSX FY2019: $107.3BPSX FY2020: $64.1BPSX FY2021: $111.5BPSX FY2022: $170BPSX FY2023: $147.4BPSX FY2024: $143.2BPSX FY2025: $132.4BFY18FY19FY20FY21FY22FY23FY24FY25
EQNR $106.5BPSX $132.4B
Net income
EQNR FY2018: $7.5BEQNR FY2019: $1.8BEQNR FY2020: -$5.5BEQNR FY2021: $8.6BEQNR FY2022: $28.7BEQNR FY2023: $11.9BEQNR FY2024: $8.8BEQNR FY2025: $5BPSX FY2018: $5.6BPSX FY2019: $3.1BPSX FY2020: -$4BPSX FY2021: $1.3BPSX FY2022: $11BPSX FY2023: $7BPSX FY2024: $2.1BPSX FY2025: $4.4BFY18FY19FY20FY21FY22FY23FY24FY25
EQNR $5BPSX $4.4B
Net margin
EQNR FY2018: 9.5%EQNR FY2019: 2.9%EQNR FY2020: -12.0%EQNR FY2021: 9.4%EQNR FY2022: 19.1%EQNR FY2023: 11.1%EQNR FY2024: 8.5%EQNR FY2025: 4.7%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
EQNR 4.7%PSX 3.3%
Revenue growth
EQNR FY2019: -19.1%EQNR FY2020: -28.8%EQNR FY2021: +98.4%EQNR FY2022: +65.9%EQNR FY2023: -28.9%EQNR FY2024: -3.2%EQNR FY2025: +2.6%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
EQNR +2.6%PSX -7.5%
Free cash flow
EQNR FY2018: $8.3BEQNR FY2019: $3.5BEQNR FY2020: $1.9BEQNR FY2021: $20.8BEQNR FY2022: $26.4BEQNR FY2023: $18.7BEQNR FY2024: $7.3BEQNR FY2025: $6BFY18FY19FY20FY21FY22FY23FY24FY25
EQNR $6BPSX

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

Questions about Equinor Asa and Phillips 66

Which is bigger by revenue, Equinor Asa or Phillips 66?

Phillips 66 is bigger by revenue: $132.4B in fiscal 2025, against $106.5B for Equinor Asa in fiscal 2025.

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

Equinor Asa had a net margin of 4.7% in fiscal 2025; Phillips 66 had 3.3% in fiscal 2025.

Which grew revenue faster, Equinor Asa or Phillips 66?

In their latest fiscal years revenue changed by +2.6% at Equinor Asa 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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