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Consolidated Statement of Operations - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues and Other Income    
Sales and other operating revenues $ 20,878 $ 23,103
Equity in earnings of affiliates 365 516
Net gain on dispositions 1 1
Other income 0 38
Total Revenues and Other Income 21,244 23,658
Costs and Expenses    
Purchased crude oil and products 18,440 21,055
Operating expenses 1,341 1,307
Selling, general and administrative expenses 319 366
Depreciation and amortization 342 331
Impairments 3,006 1
Taxes other than income taxes 157 128
Accretion on discounted liabilities 6 6
Interest and debt expense 111 119
Foreign currency transaction losses 0 5
Total Costs and Expenses 23,722 23,318
Income (loss) before income taxes (2,478) 340
Income tax expense (benefit) (51) 70
Net Income (Loss) (2,427) 270
Less: net income attributable to noncontrolling interests 69 66
Net Income (Loss) Attributable to Phillips 66 $ (2,496) $ 204
Net Income (Loss) Attributable to Phillips 66 Per Share of Common Stock (dollars)    
Basic (in usd per share) $ (5.66) $ 0.44
Diluted (in usd per share) $ (5.66) $ 0.44
Weighted-Average Common Shares Outstanding (thousands)    
Basic (in shares) 441,345 457,599
Diluted (in shares) 441,345 459,289