PHILLIPS 66 LIMITED
Operating as the UK subsidiary of the NYSE-listed American energy multinational Phillips 66, the company focuses on downstream mineral oil refining, commercial fuel marketing, and operating service stations under the JET brand.
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Cash
£464
USD 625
+63.4% vs 2024
Net assets
£1.9k
USD 2,538
+1.7% vs 2024
Employees
998
+4.1% highest in 3 filed years
Profit before tax
£1k
USD 1,351
+210.5% vs 2024
Net assets
3-year trend · vs Energy median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £18,488,390,336 | £18,543 | £17,023 | -8.2% | |
| Operating profit | £438,500,157 | £212 | £986 | +365.1% | |
| Profit before tax | £557,734,547 | £323 | £1,003 | +210.5% | |
| Net profit | £447,128,961 | £279 | £937 | +235.8% | |
| Cash | £749,137,120 | £284 | £464 | +63.4% | |
| Total assets less current liabilities | £2,657,671,792 | £1,983 | £2,021 | +1.9% | |
| Net assets | £2,521,964,230 | £1,851 | £1,883 | +1.7% | |
| Equity | £2,521,964,230 | £1,851 | £1,883 | +1.7% | |
| Average employees | 943 | 959 | 998 | +4.1% | |
| Wages | £90,994,666 | £96 | £93 | -3.1% | |
| Directors' remuneration | £3,922,184 | £4 | £1 | -75% | |
| Highest paid director | £1,568,874 | £2 | £1 | -50% |
Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 2.4% | 1.1% | 5.8% | |
| Net margin | 2.4% | 1.5% | 5.5% | |
| Return on capital employed | 16.5% | 10.7% | 48.8% | |
| Gearing (liabilities / total assets) | 45.8% | 54.3% | 53.1% | |
| Current ratio | 1.70x | 1.40x | 1.42x | |
| Interest cover | 43.00x | 17.67x | 75.85x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- PHILLIPS 66 LIMITED 2012-07-02 → present
- CONOCOPHILLIPS LIMITED 2003-08-01 → 2012-07-02
- CONOCO LIMITED 1954-02-10 → 2003-08-01
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on the going concern basis, which assumes that the company will continue in existence for the period to 30 September 2027, being the going concern period.”
Group structure
- PHILLIPS 66 LIMITED · parent
- JET Petrol Limited 100%
- Jet Petroleum Limited 100%
- JET Retail UK Limited 100%
- Phillips 66 GmbH in liquidation 100%
- Phillips 66 Healthcare Trustee Limited 100%
- Phillips 66 Pension Plan Trustee Limited 100%
- Phillips 66 Treasury Limited 100%
- Phillips 66 TS Limited 100%
- Phillips 66 UK Funding Limited 100%
- Qingdao Phillips 66 Energy Co. Ltd. 100%
Significant events
- “In 2026 to the date of this report, the company had the following dividend transactions: August $16 million dividend income, $500 million dividend paid.”
- “In April 2026, the company purchased the Lindsey Oil Refinery assets and associated infrastructure, including the 50% shareholdings of Prax Lindsey Oil Refinery Limited (in liquidation).”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 75 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GENNINGS, Sarah | Secretary | 2018-01-12 | — | — |
| JANASZEK, Anna | Secretary | 2018-01-12 | — | — |
| PRICE, Elaine Marie | Secretary | 2012-04-30 | — | — |
| WHITE, Ruth Maretta | Secretary | 2012-04-30 | — | — |
| BUNN, Andrew Thomas | Director | 2024-07-01 | Mar 1983 | British |
| FURSEY, Paul Matthew | Director | 2023-01-01 | Aug 1971 | British |
| MCKNIGHT, Nina Elizabeth | Director | 2020-11-18 | Jan 1980 | British |
| MCQUEEN, Jack Richard | Director | 2026-01-01 | Feb 1988 | British |
| SHERWELL, Robert Edwin, Mr. | Director | 2018-12-31 | May 1975 | British |
| TURNER, Rupert Justin | Director | 2022-09-02 | Aug 1962 | British |
Show 75 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COLLINS, Derryl Lynn | Secretary | 1999-05-20 | 2002-11-11 |
| COOK, Thomas Edward | Secretary | 2002-11-11 | 2004-07-09 |
| DUNNE, Michelle Ann | Secretary | 2014-08-19 | 2018-10-31 |
| FLETCHER, Angela Sarah Helen | Secretary | 2008-04-01 | 2012-04-30 |
| GRIMSHAW, David | Secretary | 2009-04-05 | 2012-04-30 |
| OGILVIE, David Stewart | Secretary | 2006-10-20 | 2008-04-01 |
| PURDY, Frank | Secretary | — | 1995-01-28 |
| STIRRUP, Edith Jeannie | Secretary | 2004-07-13 | 2018-01-12 |
| STOKELD, Michael Philip, Sol | Secretary | 1997-07-30 | 2003-07-15 |
| SWALLOW, Richard Philipson Barber | Secretary | 1995-01-28 | 2009-04-05 |
| WARD, Elaine June | Secretary | 2003-09-18 | 2006-10-13 |
| ABEL, Roger Lee | Director | 1993-04-16 | 1997-06-01 |
| ADAMS, Deborah Gay | Director | 2003-11-01 | 2005-06-01 |
| ANDERSON, Robert Hendry | Director | 2009-10-26 | 2012-04-30 |
| ATKINSON, William Silver | Director | — | 1993-09-30 |
| BLAKEMORE, David Robert | Director | 2010-03-19 | 2015-04-02 |
| BLOOD, Ian | Director | — | 1995-07-31 |
| CHIANG, Wilfred Chi-Wei | Director | 2008-11-07 | 2012-04-30 |
| COFFMAN, Brian Scott | Director | 2012-04-19 | 2013-11-01 |
| COLE, David Charles | Director | — | 1993-10-31 |
| CONWAY, Christopher William | Director | 2010-03-15 | 2012-04-30 |
| CUNNINGHAM, Darren James | Director | 2017-01-01 | 2022-12-31 |
| DAVIDSON, John Esson | Director | 2015-04-02 | 2018-12-31 |
| EDWARDS, Gary Wayne | Director | — | 2000-08-21 |
| EDWARDS, Thomas Player | Director | — | 2002-12-31 |
| FARACE II, Sam Anthony | Director | 2015-03-10 | 2015-06-01 |
| FREDIN, Todd William | Director | 2002-09-03 | 2010-01-31 |
| FRETWELL, Michael Robert | Director | 2004-07-13 | 2006-10-15 |
| FRETWELL, Michael Robert | Director | 1994-12-05 | 2000-01-01 |
| GALLOGLY, James Lawrence | Director | 2006-05-01 | 2008-10-01 |
| GAUTREY, Christopher | Director | 2005-06-01 | 2011-12-23 |
| GEORGE, Peter | Director | 2012-07-01 | 2015-09-01 |
| GOFF, Gregory James | Director | 2000-06-01 | 2004-07-14 |
| GRIFFITHS, Giles Robert, David, | Director | 2025-02-01 | 2025-12-31 |
| HAMM, William Ricky | Director | 1998-06-15 | 2002-09-03 |
| HASSLER, Robert Joseph | Director | 2006-10-15 | 2008-06-01 |
| HASSLER, Robert Joseph | Director | 2002-09-03 | 2003-12-01 |
| HEAD, Kimberly Diane | Director | 2016-09-05 | 2020-12-31 |
| HERMAN, Robert Alan | Director | 2008-06-01 | 2010-03-01 |
| HODSON, John Alan | Director | — | 1993-12-31 |
| HOLLAND, Neal Andrew, Mr. | Director | 2020-11-18 | 2024-12-31 |
| INDRELAND, Terry John | Director | — | 1999-05-01 |
| IRELAN, Robert Earl | Director | 1993-04-16 | 1993-10-01 |
| JENKINS, Leslie Leroy | Director | 2018-08-31 | 2023-05-31 |
| KEM, David Oliver | Director | — | 2000-06-01 |
| KENNEDY, Archibald Wood | Director | 2004-03-22 | 2009-04-03 |
| KNUDSON, Thomas Clifford | Director | 1997-06-01 | 2000-07-01 |
| LAMBERT, Michael John | Director | 2016-10-21 | 2018-08-31 |
| LOVE, Chad Ray | Director | 2023-01-09 | 2025-01-31 |
| LOW, Gustaf Michael Gunnarsson | Director | 2000-01-01 | 2002-09-03 |
| MCCALL, Jeffrey Craig | Director | 2012-04-19 | 2016-10-21 |
| MCCULLOCH, Mark Earl | Director | 2021-01-08 | 2022-12-02 |
| MCLAUGHLIN, Gary Lynn | Director | — | 1994-02-28 |
| MOORE, Terence | Director | — | 1995-07-31 |
| MORRISON, Michael James | Director | 2012-04-19 | 2016-03-24 |
| MUELLER, Thomas Frederic | Director | 1999-05-01 | 2002-09-03 |
| NOKES, Jimmy Wayne | Director | 2000-08-21 | 2006-05-01 |
| RAMSHAW, Roger Stephen | Director | 2002-09-03 | 2003-12-31 |
| REID, Anthony Gainford | Director | — | 1993-12-31 |
| SEMIZ, Renee Kristen | Director | 2021-01-14 | 2022-08-31 |
| SPENCER, Nicholas Denis | Director | 2002-09-03 | 2007-03-19 |
| STINSON, John Michael | Director | — | 1993-03-18 |
| STOLL, Julian Richard | Director | 2013-11-08 | 2016-12-31 |
| SYMON, John Charles | Director | — | 1993-08-01 |
| TAYLOR, Gary Stuart | Director | 2012-05-14 | 2024-06-30 |
| THEEDE, Steven Michael | Director | 2000-07-01 | 2003-08-01 |
| THEEDE, Steven Michael | Director | — | 1998-05-01 |
| THORNTON, John Henry | Director | 2006-08-17 | 2008-09-01 |
| TURNER, Rupert Justin | Director | 2005-06-01 | 2009-08-31 |
| WARWICK, Paul Cyril | Director | 2009-04-03 | 2012-04-30 |
| WATKINS, George Edward | Director | 1993-10-01 | 2002-09-03 |
| WATTS, David | Director | — | 1996-04-01 |
| WIRKOWSKI, Michael | Director | 2008-09-01 | 2012-04-30 |
| WOLF, Mary Elizabeth | Director | 2015-09-01 | 2020-12-31 |
| WULKAN, Stefan Ake | Director | 2009-08-31 | 2012-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Phillips 66 Uk Holdings Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 344 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-06 | AA | accounts | Accounts with accounts type full | |
| 2026-07-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-02 | TM01 | officers | Termination director company | |
| 2025-11-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-07 | AA | accounts | Accounts with accounts type full | |
| 2025-02-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-31 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-31 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-13 | AA | accounts | Accounts with accounts type full | |
| 2024-07-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-08 | CH01 | officers | Change person director company with change date | |
| 2023-11-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-16 | AA | accounts | Accounts with accounts type full | |
| 2023-05-31 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-09 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.