Phillips 66 PSX

Competitive advantage analysis · energy

Corporate Default
Overall moat score
55/100
Moderate

Ranked against 18 peers in Oil & Gas Refining & Marketing

About Phillips 66

Phillips 66 operates as an integrated downstream energy provider in the United States, the United Kingdom, Germany, and internationally. It operates through five segments: Midstream, Chemicals, Refining, Marketing and Specialties (M&S), and Renewable Fuels. The Midstream segment provides crude oil and refined petroleum product transportation, terminaling, and storage services, as well as natural gas and natural gas liquids (NGL) gathering, … Full PSX analysis →

Key strengths

  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.71), demonstrating pricing resilience across cycles.
  • Strong Interest Coverage & Conservative Leverage Debt serviceability is strong (score 0.77), with robust interest coverage.

Key risks

  • Inconsistent Cash Generation Cash generation is inconsistent (score 0.47), indicating operational challenges.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate
57
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where PSX ranks in Oil & Gas Refining & Marketing

Phillips 66 ranks #9 of 19 scored companies in Oil & Gas Refining & Marketing by moat score — the top 47%. The widest moat in the group is Star Group L.P. (SGU) at 81/100.

# Company Moat score Rating
5 Sunoco LP SUN 61/100 Moderate
6 CrossAmerica Partners LP CAPL 60/100 Moderate
7 Marathon Petroleum Corporation MPC 58/100 Moderate
8 Cosan S.A. CSAN 57/100 Moderate
9 Phillips 66 PSX 55/100 Moderate
10 Valero Energy Corporation VLO 53/100 Moderate
11 HF Sinclair Corporation DINO 50/100 Moderate
12 Delek US Holdings, Inc. DK 44/100 Developing
13 Clean Energy Fuels Corp. CLNE 38/100 Developing

See every Commodities & Mining company ranked by moat score →

How PSX scores on the Corporate Default defenses

Pricing Power

Score 56 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 50 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 50 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 56 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 62 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 56 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding PSX's moat

What is Phillips 66's moat score?

Phillips 66 (PSX) scores 55 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #9 of 19 scored companies in Oil & Gas Refining & Marketing, the top 47%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 18 companies in Oil & Gas Refining & Marketing. Its strongest defense is Resilience (62/100) and its weakest is Cost Advantage (50/100).

How does Phillips 66 compare with other Oil & Gas Refining & Marketing companies?

Phillips 66 ranks #9 of 19 scored companies in Oil & Gas Refining & Marketing by moat score. The widest moat in Oil & Gas Refining & Marketing is Star Group L.P. (SGU) at 81/100. The companies ranked closest are Cosan S.A. (CSAN) at 57 just above it and Valero Energy Corporation (VLO) at 52 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 18 companies in Oil & Gas Refining & Marketing. The defenses are then weighted to produce the overall score out of 100.

Why is Phillips 66 scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Phillips 66?

The Corporate Default template measures 6 defenses, and PSX scores: Pricing Power (56), Cost Advantage (50), Customer Stickiness (50), Capital Efficiency (56), Resilience (62), Scale & Market Position (56). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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