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Earnings per Share (Tables)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Reconciliation of Basic and Diluted Earnings Per Share
 
2016
 
2015
 
2014
 
Basic

Diluted

 
Basic

Diluted

 
Basic

Diluted

Amounts Attributed to Phillips 66 Common Stockholders (millions):
 
 
 
 
 
 
 
 
Income from continuing operations attributable to Phillips 66
$
1,555

1,555

 
4,227

4,227

 
4,056

4,056

Income allocated to participating securities
(6
)
(5
)
 
(6
)

 
(7
)

Income from continuing operations available to common stockholders
1,549

1,550

 
4,221

4,227

 
4,049

4,056

Discontinued operations


 


 
706

706

Net income available to common stockholders
$
1,549

1,550

 
4,221

4,227

 
4,755

4,762

 
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding (thousands):
523,250

527,531

 
537,602

542,355

 
561,859

565,902

Effect of stock-based compensation
4,281

2,535

 
4,753

4,622

 
4,043

5,602

Weighted-average common shares outstanding—EPS
527,531

530,066

 
542,355

546,977

 
565,902

571,504

 
 
 
 
 
 
 
 
 
Earnings Per Share of Common Stock (dollars):
 
 
 
 
 
 
 
 
Income from continuing operations attributable to Phillips 66
$
2.94

2.92

 
7.78

7.73

 
7.15

7.10

Discontinued operations


 


 
1.25

1.23

Earnings Per Share
$
2.94

2.92

 
7.78

7.73

 
8.40

8.33