Phillips 66 (NYSE:PSX)

The financial data for Phillips 66 reveals several trends over the examined period. Net income shows significant fluctuations, with a peak observed in 2018 at 5,595 million US dollars, representing a substantial increase from the earlier years. However, there is a notable decline in net income in 2016 and again in 2019, with the latter year reflecting almost a 45% decrease compared to the previous year.

Total assets demonstrate a generally upward trend over the period, increasing from 48,073 million US dollars at the end of 2012 to 58,720 million US dollars by the end of 2019. This growth, while consistent overall, experienced some stagnation between 2017 and 2018, followed by a more pronounced increase in 2019.

The return on assets (ROA) metric, which indicates the company's efficiency in generating profits from its assets, mirrors the fluctuations in net income. The ROA peaked in 2018 at 10.3%, reflecting the highest profitability relative to asset base within the measured timeframe. Conversely, the ROA dipped to its lowest point in 2016 at 3.01%, indicating reduced efficiency. The year 2019 also saw a significant drop in ROA to 5.24%, aligning with the decline in net income that year.

Net Income Trends

Net income varies considerably, reaching its highest in 2018, with major decreases noted in 2016 and 2019.

Assets Growth

Assets show a steady increase overall, suggesting ongoing investments or expansion, with minor periods of stagnation.

Return on Assets (ROA)

ROA fluctuates in tandem with net income, indicating that profitability relative to assets is sensitive to annual earnings changes, peaking in 2018 and falling sharply in some years.

Overall, the data indicates that while the company's asset base has grown steadily, its profitability and efficiency have been inconsistent. This inconsistency in returns might reflect variability in operational performance or external market conditions affecting earnings during this period.