PerpEquities

Equity · Energy

Phillips 66 (PSX) perpetual futures

PSX perpetual futures on 2 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade PSXUSDT.

Phillips 66 is a diversified energy company operating in midstream, chemicals, refining, and marketing, headquartered in Houston, Texas.

$258.90-4.5%NYSE closed
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venue perp mark · MEXC (PSX/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

2/2 live markets
Venues
2
Live markets
2/2
24h volume
$230.4K
Open interest
$138.6K
Best liquidity
$0
MEXC
Tightest spread
+210.0 bps
BingX
Highest volume
$116.9K
MEXC
Settlement mix
USDT · 2/2
Perp/spot vol.
0.00x
Spot volume $1.4B
OI / float
0.00%
Float $100.9B
Spot performance
1D-4.53%
5D-6.00%
1M-1.87%
6M+45.48%
YTD+101.20%
1Y+91.26%

Venue matrix

2 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
MEXCTradePSX/USDTTrading$258.90+21.9% APR
+0.020% every 8h
+256.9 bps$0$116.9K$136.1KUSDT20x
BingXTradePSX-USDTTrading$258.90+15.3% APR
+0.014% every 8h
+210.0 bps$0$113.5K$2.5KUSDT-

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 2 venues absorb $10k

No fresh book data: MEXC, BingX

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

PSX

Tightest spread

PSX

Highest volume

PSX

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q3 '26 · filed 2026-10-28 · next report 2027-02-03 · Updated 101h ago
All financials →

Valuation & key figures

Market cap
$110.3B
Updated 101h ago
Revenue
$169.6B
Trailing 12 months
Revenue growth
+37%
Next fiscal year
Profit margin
+7.4%
P/E
9.0
Peer P/E 12.7
P/S
0.7
Peer P/E
12.7
Similar listed perps
Free cash flow
$14.3B
Trailing 12 months
Net income
$12.6B
Trailing 12 months
Revenue estimate
$181B
Next fiscal year
Earnings
2027-02-03
Revenue est. $46.8B · Updated 101h ago
Dividend
$1.33
2026-11-17
Revenue (TTM)$170B+28.6% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)9.3%+7.9 pp vs a year agoOperating income $15.7B
Net income (TTM)$12.6B+735.6% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$14.3B+961.9% vs a year agoCapex $682M
Diluted EPS (TTM)$31.31+756.1% vs a year agoSum of the last 4 quarters
Net cash-$12.7B+36.3% vs a year agoCash + short-term investments - debt
  • Last report (2026-10-28): revenue beat by 14.7%, EPS beat by 20.0%Revenue $51.5B vs $44.9B expected (+14.7%); EPS $14.08 vs $11.73 (+20.0%).
  • Revenue growth accelerating: 46.5% year on yearQ3 '26 revenue $50.5B, against an average of 16.0% over the four quarters before.
  • Operating margin 9.3% (TTM), +7.9 pp on a year agoOperating income grew 746.7% while revenue grew 28.6%.
  • Capex 0.4% of revenue (a year ago 1.6%)$682M invested in the last 4 quarters (-66.8% on a year earlier). Free cash flow $14.3B = 114.1% of net income.

Revenue, operating income and growth

quarterly

Revenue by business line

latest quarter
LineRevenuey/yShare
Consolidation, Eliminations$27.9B+97.8%70.5%
Refined petroleum products and renewable fuels–––
Natural Gas Liquids$5.22B+27.7%13.2%
Crude oil resales–––
Crude Oil$6.54B+54.3%16.5%
Natural gas liquids and natural gas–––
In the full financialsIncome statement, balance sheet and cash flow (12 quarters / 10 years) · margins and cost structure · capital allocation and buybacks · valuation against the 5-year range · analyst estimates · all 300 lines Phillips 66 reported to the SEC

Next catalyst

Catalysts

Earnings
2027-02-03
Revenue est. $46.8B · Updated 101h ago
Dividend
$1.33
2026-11-17

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202633.25$181B+37%8
FY 202731.82$167.5B+27%11
FY 202821.60$157.6B+19%4
FY 202946.14$173.4B+31%1
FY 203075.94$185.6B+40%1
Q1 20278.37$40.7B+19%10

Company events

6
2027-02-03EarningsActual - / Estimate 10.89-
2026-11-17Dividend$1.33-
2026-10-28Earnings · Before market openActual 14.08 / Estimate 11.73Beat
2026-08-18Dividend$1.27-
2026-08-05EarningsActual 9.41 / Estimate 7.5Beat
2026-05-18Dividend$1.27-

Peer comparison

Similar listed perps

Company data

Company intelligence

Updated: Nov 2, 2026, 03:10 PM UTC

Company profile

Sector
Energy
Industry
Oil & Gas Refining & Marketing
Chief executive
Mark E. Lashier
Employees
12,600
IPO date
Apr 12, 2012
Country
US
Exchange
New York Stock Exchange
Website
Altman Z-scorei4.71
Piotroski scorei9/9
Overall ratingiA-
Owner earningsi$12.53B$31.40 per share
ESG risk ratingiB-Industry rank: 19 out of 20

Rating factors

Return on equityi
5
Return on assetsi
5
Debt to equityi
2
Price to earningsi
3
Price to booki
2
Market cap history
$112.29B+35.8%Aug 26 – Oct 26
$82.67B$99.58B$116.50BHigh: $116.50B · 2026-10-19Low: $82.67B · 2026-08-03Latest: $112.29B · 2026-10-30Aug 26Sep 26Oct 26
Latest: $112.29B · 2026-10-30High: $116.50B · 2026-10-19Low: $82.67B · 2026-08-03
Largest fund holders
FundWeightShares held
VTI0.14%12.7M
VOO0.15%10.5M
VO1.01%8.5M
XLE4.46%7.4M
IVV0.17%5.3M
1657.T0.13%5.3M
XSP.TO0.16%5.3M
XWD.TO0.12%5.3M
SPY0.16%4.9M
FXAIX0.15%4.7M
VCPA.S0.08%3.8M
VTV0.39%3.8M

Analyst track record

How the analysts covering PSX have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings137380
Analysts2326
Buy / hold / sell68 / 69 / 0203 / 177 / 0
Upgrades / downgrades / initiations2 / 2 / 24 / 7 / 8
Price targets hit / missed110 / 26 (81%)336 / 26 (93%)
Avg. return after a rating (TipRanks)+43.3%+72.3%
Best / worst call+148.7% / -20.9%+158.1% / -20.9%

After buy calls on this stock: median 21-day move +2.0% vs S&P 500 +1.7% (n = 216)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Stephen RichardsonEvercore ISI100% hit rate on this stock · 8 targets measuredBuytarget $220Aug 6, 2026
  2. Paul ChengScotiabank83% hit rate on this stock · 12 targets measuredHoldtarget $140Mar 20, 2026
  3. Jason GabelmanTD Cowen72% hit rate on this stock · 18 targets measuredBuytarget $308Oct 22, 2026

Latest ratings

DateAnalystCallTarget
Nov 2, 2026Joe LaetschMorgan StanleyBuyReiterated$290
Oct 30, 2026Sergey PigarevFreedom Capital MarketsHoldUpgraded$258
Oct 30, 2026Sergey PigarevFreedom Capital MarketsHoldUpgraded$258
Oct 28, 2026Sam MargolinWells FargoBuyMaintained$346
Oct 29, 2026John RoyallPiper SandlerHoldMaintained$268
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$120$140$160$180$200$220$240$260$280Dec 25 · Buy 8 · Hold 11 · Sell 0Dec 25Jan 26 · Buy 7 · Hold 10 · Sell 0Feb 26 · Buy 7 · Hold 10 · Sell 0Feb 26Mar 26 · Buy 7 · Hold 11 · Sell 0Apr 26 · Buy 9 · Hold 11 · Sell 0Apr 26May 26 · Buy 11 · Hold 9 · Sell 0Jun 26 · Buy 11 · Hold 9 · Sell 0Jun 26Jul 26 · Buy 11 · Hold 10 · Sell 0Aug 26 · Buy 12 · Hold 9 · Sell 0Aug 26Sep 26 · Buy 12 · Hold 8 · Sell 0Oct 26 · Buy 9 · Hold 9 · Sell 0Oct 26Nov 26 · Buy 9 · Hold 9 · Sell 0Dec 25 · avg. target $147Jan 26 · avg. target $147Feb 26 · avg. target $154Mar 26 · avg. target $163Apr 26 · avg. target $175May 26 · avg. target $185Jun 26 · avg. target $186Jul 26 · avg. target $197Aug 26 · avg. target $209Sep 26 · avg. target $242Oct 26 · avg. target $285Nov 26 · avg. target $285Dec 25 · month-end close $129Jan 26 · month-end close $144Feb 26 · month-end close $154Mar 26 · month-end close $182Apr 26 · month-end close $179May 26 · month-end close $176Jun 26 · month-end close $169Jul 26 · month-end close $212Aug 26 · month-end close $247Sep 26 · month-end close $255Oct 26 · month-end close $283Nov 26 · month-end close $283

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data · computed Nov 2, 2026 · 137 ratings

Frequently asked questions

Where can I trade PSX perpetual futures?

Phillips 66 (PSX) perpetual futures trade on 2 crypto venues, including MEXC, BingX. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade PSX around the clock?

Yes. Unlike the underlying stock, PSX perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on PSX perpetuals?

Right now the PSX perp funding rate is +18.6% annualized (venue median), ranging from +15.3% to +21.9% across 2 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the PSX perp price compare to the Phillips 66 stock?

The venue-median PSX perp mark is $258.9 versus a reference stock price of $258.9, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a PSX perpetual future?

A PSX perpetual is a derivative that tracks the price of Phillips 66 with no expiry date. It lets you take long or short exposure to Phillips 66 on crypto venues, around the clock.

What is PSXUSDT perpetual?

PSXUSDT is the symbol most crypto exchanges use for the Phillips 66 perpetual settled in USDT (Tether). It tracks the PSX share price through an index, trades 24/7 with leverage and never expires.

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Analysts who hit 70%+ of their targets on the perps we track, congress buys over $500k, 13F positions over $5M, funding spreads that have paid for days. Every post shows the evidence. Free, no sign-up.

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