Comparing the current results to its competitors, Phillips 66 reported Revenue increase in the 1 quarter 2026 by 6.93 % year on year. The sales growth was above Phillips 66's competitors' average revenue growth of 4.67 %, achieved in the same quarter.
Phillips 66 Net Income in the 1 quarter 2026 fell year on year by -58.37%, while most of its competitors have experienced a contraction in net income by -6.34 %.
Phillips 66's Comment on Competition and Industry Peers
The Midstream segment, through our equity investment in DCP Midstream and our
other operations, competes with numerous integrated petroleum companies, as well
as natural gas transmission and distribution companies, to deliver components
of natural gas to end users in the commodity natural gas markets. DCP Midstream
is one of the leading natural gas gatherers and processors in the United States
based on wellhead volumes, and one of the largest U.S. producers and marketers
of NGL, based on published industry sources. Principal methods of competing include
economically securing the right to purchase raw natural gas for gathering systems,
managing the pressure of those systems, operating efficient NGL processing plants
and securing markets for the products produced.
In the Chemicals segment, CPChem is generally ranked within the top 10 producers
of many of its major product lines, based on average 2013 production capacity,
as published by industry sources. Petroleum products, petrochemicals and plastics
are typically delivered into the worldwide commodity markets. Our Refining and
M&S segments compete primarily in the United States, Europe and Asia.
With revenue growth of 6.93 % within Overall company, Phillips 66 achieved improvement in market share, within Overall company to approximately 9.76 %. << More on PSX Market Share.
*Market share is calculated based on total revenue.
Westlake Corporation operates under a business model centered around manufacturing and distributing chemical products. They source raw materials, primarily derived from ethylene, and transform them into a wide range of specialty and commodity chemicals. By efficiently producing and delivering their products, Westlake aims to meet customer demands while maximizing profitability.
Pbf Energy Inc operates as an independent petroleum refiner and supplier, specializing in producing a variety of refined petroleum products. Their business model revolves around acquiring, operating, and improving complex refineries to efficiently process crude oil into various high-value products for distribution and sale in the United States and internationally.
Devon Energy Corp is an independent exploration and production company focused on acquiring, exploring, and developing oil and natural gas reserves. Their business model centers on discovering and extracting energy resources, then monetizing these reserves through production and sales.
Continental Resources Inc is an energy exploration and production company that primarily focuses on the exploration, development, and production of oil and natural gas reserves. They operate through the acquisition of drilling rights and properties, investing in technology and efficiency measures, and leveraging their expertise to maximize production and profitability.
Sources:
Phillips 66’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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