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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues and Other Income    
Sales and other operating revenues $ 30,430 $ 35,811
Equity in earnings of affiliates 153 528
Net gain on dispositions 1,087 0
Other income 56 97
Total Revenues and Other Income 31,726 36,436
Costs and Expenses    
Purchased crude oil and products 27,660 32,386
Operating expenses 1,622 1,452
Selling, general and administrative expenses 519 557
Depreciation and amortization 791 504
Impairments 26 165
Taxes other than income taxes 233 165
Accretion on discounted liabilities 12 9
Interest and debt expense 221 227
Foreign currency transaction (gains) losses (6) 7
Total Costs and Expenses 31,078 35,472
Income before income taxes 648 964
Income tax expense 122 203
Net Income 526 761
Less: net income attributable to noncontrolling interests 39 13
Net Income Attributable to Phillips 66 $ 487 $ 748
Net Income Attributable to Phillips 66 Per Share of Common Stock (dollars)    
Basic (in usd per share) $ 1.19 $ 1.74
Diluted (in usd per share) $ 1.18 $ 1.73
Weighted-Average Common Shares Outstanding (thousands)    
Basic (in shares) 409,182 428,959
Diluted (in shares) 410,505 431,906