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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues and Other Income      
Sales and other operating revenues [1] $ 84,279 $ 98,975 $ 161,212
Equity in earnings of affiliates 1,414 1,573 2,466
Net gain on dispositions 10 283 295
Other income 74 118 120
Total Revenues and Other Income 85,777 100,949 164,093
Costs and Expenses      
Purchased crude oil and products 62,468 73,399 135,748
Operating expenses 4,275 4,294 4,435
Selling, general and administrative expenses 1,638 1,670 1,663
Depreciation and amortization 1,168 1,078 995
Impairments 5 7 150
Taxes other than income taxes [1] 13,688 14,077 15,040
Accretion on discounted liabilities 21 21 24
Interest and debt expense 338 310 267
Foreign currency transaction (gains) losses (15) 49 26
Total Costs and Expenses 83,586 94,905 158,348
Income from continuing operations before income taxes 2,191 6,044 5,745
Provision for income taxes 547 1,764 1,654
Income from Continuing Operations 1,644 4,280 4,091
Income from discontinued operations [2] 0 0 706
Net income 1,644 4,280 4,797
Less: net income attributable to noncontrolling interests 89 53 35
Net Income Attributable to Phillips 66 1,555 4,227 4,762
Amounts Attributable to Phillips 66 Common Stockholders:      
Income from continuing operations 1,555 4,227 4,056
Income from discontinued operations $ 0 $ 0 $ 706
Basic      
Continuing operations (in dollars per share) $ 2.94 $ 7.78 $ 7.15
Discontinued operations (in dollars per share) 0.00 0.00 1.25
Net Income Attributable to Phillips 66 Per Share of Common Stock (in dollars) 2.94 7.78 8.40
Diluted      
Continuing operations (in dollars per share) 2.92 7.73 7.10
Discontinued operations (in dollars per share) 0.00 0.00 1.23
Net Income Attributable to Phillips 66 Per Share of Common Stock (in dollars) 2.92 7.73 8.33
Dividends Paid Per Share of Common Stock (dollars) $ 2.4500 $ 2.18 $ 1.8900
Average Common Shares Outstanding (in thousands)      
Basic (in shares) 527,531 542,355 565,902
Diluted (in shares) 530,066 546,977 571,504
[1] Includes excise taxes on petroleum products sales: $13,381 million, $13,780 million, $14,698 million
[2] Net of provision for income taxes on discontinued operations: $0 million, $0 million, $5 million