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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues and Other Income    
Sales and other operating revenues $ 23,103 $ 23,595
Equity in earnings of affiliates 516 424
Net gain on dispositions 1 17
Other income 38 10
Total Revenues and Other Income 23,658 24,046
Costs and Expenses    
Purchased crude oil and products 21,055 21,138
Operating expenses 1,307 1,246
Selling, general and administrative expenses 366 386
Depreciation and amortization 331 336
Impairments 1 0
Taxes other than income taxes 128 110
Accretion on discounted liabilities 6 6
Interest and debt expense 119 123
Foreign currency transaction (gains) losses 5 (16)
Total Costs and Expenses 23,318 23,329
Income before income taxes 340 717
Income tax expense 70 132
Net Income 270 585
Less: net income attributable to noncontrolling interests 66 61
Net Income Attributable to Phillips 66 $ 204 $ 524
Net Income Attributable to Phillips 66 Per Share of Common Stock    
Net income per share, Basic (in usd per share) $ 0.44 $ 1.07
Net income per share, Diluted (in usd per share) $ 0.44 $ 1.07
Weighted-Average Common Shares Outstanding    
Basic (in shares) 457,599 487,065
Diluted (in shares) 459,289 489,668