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Consolidated Statement of Changes in Equity - USD ($)
$ in Millions
Total
Common Stock
Capital in Excess of Par
Treasury Stock
Retained Earnings
Accum. Other Comprehensive Loss
Noncontrolling Interests
Beginning Balance at Dec. 31, 2016 $ 23,725 $ 6 $ 19,559 $ (8,788) $ 12,608 $ (995) $ 1,335
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 5,248       5,106   142
Other comprehensive income (loss) 378         378  
Dividends paid on common stock (1,395)       (1,395)    
Repurchase of common stock (1,590)     (1,590)      
Benefit plan activity 59   72   (13)    
Issuance of Phillips 66 Partners LP common units 1,123   137       986
Distributions to noncontrolling interests (120)           (120)
Ending Balance at Dec. 31, 2017 $ 27,428 6 19,768 (10,378) 16,306 (617) 2,343
Beginning Balance, Common shares (in shares) at Dec. 31, 2016 641,594,000            
Beginning Balance, Treasury stock (in shares) at Dec. 31, 2016 122,827,000            
Stockholders' Equity, Shares [Roll Forward]              
Shares issued—share-based compensation (in shares) 2,241,000            
Repurchase of common stock (in shares) 18,738,000            
Ending Balance, Common shares (in shares) at Dec. 31, 2017 643,835,000            
Ending Balance, Treasury stock (in shares) at Dec. 31, 2017 141,565,000            
Dividends, Common Stock [Abstract]              
Dividends Paid Per Share of Common Stock (in usd per share) $ 2.73            
Net income $ 5,873       5,595   278
Other comprehensive income (loss) (75)         (75)  
Dividends paid on common stock (1,436)       (1,436)    
Repurchase of common stock (4,645)     (4,645)      
Benefit plan activity 51   63   (12)    
Issuance of Phillips 66 Partners LP common units 115   42       73
Distributions to noncontrolling interests (207)           (207)
Ending Balance at Dec. 31, 2018 $ 27,153 6 19,873 (15,023) 20,489 (692) 2,500
Stockholders' Equity, Shares [Roll Forward]              
Shares issued—share-based compensation (in shares) 1,857,000            
Repurchase of common stock (in shares) 47,961,000            
Ending Balance, Common shares (in shares) at Dec. 31, 2018 645,691,761            
Ending Balance, Treasury stock (in shares) at Dec. 31, 2018 189,526,331            
Dividends, Common Stock [Abstract]              
Dividends Paid Per Share of Common Stock (in usd per share) $ 3.10            
Net income $ 3,377       3,076   301
Other comprehensive income (loss) (7)         (7)  
Dividends paid on common stock (1,570)       (1,570)    
Repurchase of common stock (1,650)     (1,650)      
Benefit plan activity 73   85   (12)    
Issuance of Phillips 66 Partners LP common units 141   68       73
Impacts from Phillips 66 Partners LP GP/IDR restructuring transaction (98)   275       (373)
Distributions to noncontrolling interests (241)           (241)
Ending Balance at Dec. 31, 2019 $ 27,169 $ 6 $ 20,301 $ (16,673) $ 22,064 $ (788) $ 2,259
Stockholders' Equity, Shares [Roll Forward]              
Shares issued—share-based compensation (in shares) 1,725,000            
Repurchase of common stock (in shares) 16,865,000            
Ending Balance, Common shares (in shares) at Dec. 31, 2019 647,416,633            
Ending Balance, Treasury stock (in shares) at Dec. 31, 2019 206,390,806            
Dividends, Common Stock [Abstract]              
Dividends Paid Per Share of Common Stock (in usd per share) $ 3.50