Return on Equity (ROE)
since 2012
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Phillips 66 pages available for free this week:
- Common-Size Balance Sheet: Assets
- Analysis of Solvency Ratios
- Analysis of Reportable Segments
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2012
- Current Ratio since 2012
- Price to Earnings (P/E) since 2012
- Price to Sales (P/S) since 2012
- Aggregate Accruals
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Calculation
Phillips 66, ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income attributable to Phillips 661 | ÷ | Stockholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2019 | = | 100 | × | ÷ | |||
| Dec 31, 2018 | = | 100 | × | ÷ | |||
| Dec 31, 2017 | = | 100 | × | ÷ | |||
| Dec 31, 2016 | = | 100 | × | ÷ | |||
| Dec 31, 2015 | = | 100 | × | ÷ | |||
| Dec 31, 2014 | = | 100 | × | ÷ | |||
| Dec 31, 2013 | = | 100 | × | ÷ | |||
| Dec 31, 2012 | = | 100 | × | ÷ |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
1 US$ in millions
The analysis of the financial data reveals several key trends in profitability and equity for the company over the examined period.
- Net Income Attributable to the Company
- The net income exhibited fluctuations throughout the period from 2012 to 2019. Starting with a strong figure of $4,124 million in 2012, the income decreased slightly to $3,726 million in 2013. Following this, there was an increase reaching a peak of $4,762 million in 2014. However, in 2016, net income dropped significantly to $1,555 million, representing the lowest point in the series. Subsequently, income rebounded sharply in 2017 and 2018, reaching $5,106 million and $5,595 million, respectively, before declining again to $3,076 million in 2019. This pattern suggests volatility in profitability, with notable recovery phases following downturns.
- Stockholders’ Equity
- Stockholders’ equity displayed a general upward trend from 2012 to 2019. Beginning at $20,775 million in 2012, equity increased gradually to a peak of $25,085 million in 2017. After a slight decrease in 2018 to $24,653 million, the equity level stabilized near $24,910 million in 2019. The steady rise indicates consistent growth in the company's net assets, reinforcing a stable capital base despite fluctuations in net income.
- Return on Equity (ROE)
- Return on Equity exhibited variability corresponding to the shifts in profitability. ROE started at 19.85% in 2012 and experienced a decrease to 16.97% in 2013, followed by an increase peaking at 22.06% in 2014. A decline occurred in 2015 and plummeted to a low of 6.95% in 2016, mirroring the net income dip that year. The ratio recovered in 2017 and 2018 to 20.35% and 22.7%, respectively, before dropping to 12.35% in 2019. These fluctuations reflect the company's varying efficiency in generating profits from its equity base over time.
Overall, the data indicates that while the company maintained a growing equity base with some stability in the latter years, its profitability and efficiency, as measured by net income and ROE, experienced significant oscillations. The substantial decreases in 2016 and 2019 suggest periods of operational or market challenges, though the subsequent recoveries highlight an ability to regain financial performance levels.
Comparison to Competitors
Phillips 66, ROE, long-term trends, comparison to competitors
| Phillips 66 | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | Occidental Petroleum Corp. | |
|---|---|---|---|---|---|
| Dec 31, 2019 | |||||
| Dec 31, 2018 | |||||
| Dec 31, 2017 | |||||
| Dec 31, 2016 | |||||
| Dec 31, 2015 | |||||
| Dec 31, 2014 | |||||
| Dec 31, 2013 | |||||
| Dec 31, 2012 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
Phillips 66, ROE, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Phillips 66 | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2019 | ||
| Dec 31, 2018 | ||
| Dec 31, 2017 | ||
| Dec 31, 2016 | ||
| Dec 31, 2015 | ||
| Dec 31, 2014 | ||
| Dec 31, 2013 | ||
| Dec 31, 2012 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
Comparison to Industry (Energy)
Phillips 66, ROE, long-term trends, comparison to industry (energy)
| Phillips 66 | Energy | |
|---|---|---|
| Dec 31, 2019 | ||
| Dec 31, 2018 | ||
| Dec 31, 2017 | ||
| Dec 31, 2016 | ||
| Dec 31, 2015 | ||
| Dec 31, 2014 | ||
| Dec 31, 2013 | ||
| Dec 31, 2012 |
Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).