Phillips 66
PSX
Operating Margin for Phillips 66 (PSX)
Operating Margin as of April 2024 (TTM): 9.97%
According to Phillips 66's latest financial reports and stock price the company's current Operating Margin is 9.97%. At the end of 2022 the company had an Operating Margin of 8.61%.
Operating Margin history for Phillips 66 from 2011 to 2023
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2022 | 8.61% | 451.72% |
| 2021 | 1.56% | -120.16% |
| 2020 | -7.74% | -298.78% |
| 2019 | 3.89% | -41.7% |
| 2018 | 6.68% | 92.31% |
| 2017 | 3.47% | 33.6% |
| 2016 | 2.60% | -57.43% |
| 2015 | 6.11% | 71.36% |
| 2014 | 3.56% | 10.66% |
| 2013 | 3.22% | -12.84% |
| 2012 | 3.69% | 10.32% |
| 2011 | 3.35% | 272.89% |
| 2010 | 0.90% | 19.68% |
| 2009 | 0.75% |
Operating Margin for similar companies or competitors
| Company | Operating Margin | Operating Margin differencediff. | Country |
|---|---|---|---|
 Marathon Petroleum MPC | 11.40% | 14.34% | 🇺🇸 USA |
 Exxon Mobil XOM | 19.97% | 100.30% | 🇺🇸 USA |
 Chevron CVX | 19.83% | 98.90% | 🇺🇸 USA |
 HollyFrontier HFC | 4.98% | -50.10% | 🇺🇸 USA |
 Valero Energy VLO | 8.67% | -13.04% | 🇺🇸 USA |
 Calumet Specialty Products Partners CLMT | -8.21% | -182.35% | 🇺🇸 USA |
What is a company's Operating Margin
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.