Energy
Price
$176.42
+1.10%Market Cap
$70.73B
Day High
$179.16
Day Low
$174.59
PSX reported Q1 FY2026 revenue of $32.54B (+6.9% YoY) but net income collapsed 57.5% to $207M, driven by margin compression and a sharp swing to negative operating cash flow of -$2.26B.
Key risk: Severe Operating Cash Flow Deterioration
Operating cash flow swung to -$2.26B in Q1 FY2026 from +$187M in Q1 FY2025, a deterioration of over $2.45B. This raises concerns about PSX's ability to self-fund operations and capital expenditures without relying on external financing. Sustained negative operating cash flow could pressure the balance sheet and dividend sustainability.
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