| Stage | PSX | % of rev | MPC | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $51.5B | 100.00% | $52.3B | 100.00% | MPC ×1.02 |
| Gross profit | $10.7B | 20.76% | $9.3B | 17.72% | PSX +3.0pp |
| Operating income | $7.4B | 14.27% | $7.3B | 13.99% | PSX +0.3pp |
| Pre-tax income | $7.1B | 13.80% | $7.0B | 13.34% | PSX +0.5pp |
| Net income | $5.6B | 10.95% | $5.5B | 10.58% | PSX +0.4pp |
| Stage | PSX | MPC | Gap · A − B |
|---|---|---|---|
| Revenue | $51.5B100.00% | $52.3B100.00% | MPC ×1.02 |
| Gross profit | 20.76%$10.7B | 17.72%$9.3B | PSX +3.0pp |
| Operating income | 14.27%$7.4B | 13.99%$7.3B | PSX +0.3pp |
| Pre-tax income | 13.80%$7.1B | 13.34%$7.0B | PSX +0.5pp |
| Net income |
| 10.95%$5.6B |
| 10.58%$5.5B |
| PSX +0.4pp |
PSX · CHRD 10-KFeb 27 '25
“For the year ended December 31, 2024, sales to Phillips 66 Company accounted for approximately 19 % of the Company's total product sales.”
MPC · CHRD 10-KFeb 26 '26
“For the year ended December 31, 2025, sales to Phillips 66 Company and Marathon Petroleum Supply & Trading LLC accounted for approximately 21 % and 12 %, respectively, of the Company's total product sales.”