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Consolidated Statement of Income (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues and Other Income      
Sales and other operating revenues $ 171,596 [1],[2] $ 179,290 [1],[2] $ 195,931 [1],[2]
Equity in earnings of affiliates 3,073 3,134 2,843
Net gain on dispositions 55 193 1,638
Other income 85 135 45
Total Revenues and Other Income 174,809 182,752 200,457
Costs and Expenses      
Purchased crude oil and products 148,245 154,413 172,768
Operating expenses 4,206 4,033 4,071
Selling, general and administrative expenses 1,478 1,703 1,394
Depreciation and amortization 947 906 902
Impairments 29 1,158 472
Taxes other than income taxes 14,119 [2] 13,740 [2] 14,287 [2]
Accretion on discounted liabilities 24 25 21
Interest and debt expense 275 246 17
Foreign currency transaction gains (40) (28) (34)
Total Costs and Expenses 169,283 176,196 193,898
Income from continuing operations before income taxes 5,526 6,556 6,559
Provision for income taxes 1,844 2,473 1,822
Income from Continuing Operations 3,682 4,083 4,737
Income from discontinued operations 61 [3] 48 [3] 43 [3]
Net income 3,743 4,131 4,780
Less: net income attributable to noncontrolling interests 17 7 5
Net Income Attributable to Phillips 66 3,726 4,124 4,775
Amounts Attributable to Phillips 66 Common Stockholders:      
Income from continuing operations 3,665 4,076 4,732
Income from discontinued operations $ 61 $ 48 $ 43
Basic      
Continuing operations $ 5.97 [4] $ 6.47 [4] $ 7.54 [4]
Discontinued operations $ 0.10 [4] $ 0.08 [4] $ 0.07 [4]
Net Income Attributable to Phillips 66 Per Share of Common Stock $ 6.07 [4] $ 6.55 [4] $ 7.61 [4]
Diluted      
Continuing operations $ 5.92 [4] $ 6.40 [4] $ 7.45 [4]
Discontinued operations $ 0.10 [4] $ 0.08 [4] $ 0.07 [4]
Net Income Attributable to Phillips 66 Per Share of Common Stock $ 6.02 [4] $ 6.48 [4] $ 7.52 [4]
Dividends Paid Per Share of Common Stock (dollars) $ 1.3275 $ 0.4500 $ 0.00
Average Common Shares Outstanding (in thousands)      
Basic (in shares) 612,918 [3],[4] 628,835 [3],[4] 627,628 [3],[4]
Diluted (in shares) 618,989 [4] 636,764 [4] 634,645 [4]
[1] Sales and other operating revenues are attributable to countries based on the location of the operations generating the revenues and 2012 amounts are reclassified to correct the geographic alignment of certain revenues, primarily between the United Kingdom and other foreign countries.
[2] Includes excise taxes on petroleum products sales: $13,866 million, $13,371 million, $13,955 million
[3] Net of provision for income taxes on discontinued operations: $34 million, $27 million, $22 million
[4] See Note 11—Earnings Per Share.