PHILLIPS 66 LIMITED — The Accounts

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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2026-11-21 (in 6mo)

Last made up 2025-11-07

Watchouts

None on the register

Cash

£265M

-62.6% vs 2023

Net assets

£2B

-27.7% vs 2023

Employees

959

+1.7% vs 2023

Profit before tax

£301M

-42.9% vs 2023

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

Net assets

2-year trend · vs Energy median

PHILLIPS 66 LIMITED·Energy median · n=46

Accounts

2-year trend · latest reflected 2024-12-31

Metric	2023-12-31	2024-12-31
Turnover	£17,471,460,341	£17,269,829,503
Operating profit	£414,381,023	£197,183,099
Profit before tax	£527,057,079	£300,963,677
Net profit	£422,535,211	£259,451,446
Cash	£707,931,801	£264,640,474
Total assets less current liabilities	£2,511,489,993	£1,846,553,002
Net assets	£2,383,246,850	£1,724,240,178
Equity	£2,383,246,850	£1,724,240,178
Average employees	943	959
Wages	£85,989,622	£88,954,781

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio	2023-12-31	2024-12-31
Operating margin	2.4%	1.1%
Net margin	2.4%	1.5%
Return on capital employed	16.5%	10.7%
Gearing (liabilities / total assets)	45.8%	55.7%
Current ratio	1.70x	1.40x
Interest cover	43.00x	17.73x

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.

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 2026, being the going concern period. In reaching this conclusion the directors reviewed a going concern assessment for that period which included the review of financial forecasts that considered the impact of the current geopolitical activity along with earnings assumptions based on management's view of the current and future economic environment over the forecast period. These forecasts indicate that the company will have sufficient funds to meet its liabilities as they fall due for that period. The company also received confirmation from Phillips 66 Company, its indirect parent undertaking, that it will provide such financial assistance as may be required.”

Group structure

PHILLIPS 66 LIMITED · parent
1. JET Petrol Limited 100% · Northern Ireland · Dormant
2. Jet Petroleum Limited 100% · England · Dormant
3. JET Retail UK Limited 100% · England · Retail sale of automotive fuel and other goods
4. Phillips 66 GmbH in liquidation 100% · Switzerland · Intermediate holding company
5. Phillips 66 Healthcare Trustee Limited 100% · England · Trustee of Phillips 66 Healthcare Trust
6. Phillips 66 Pension Plan Trustee Limited 100% · England · Trustee of Phillips 66 Pension Plan
7. Phillips 66 Treasury Limited 100% · England · Provide treasury management services
8. Phillips 66 TS Limited 100% · England · Agent for Phillips 66 Limited
9. Phillips 66 UK Funding Limited 100% · England · Intermediate holding company
10. Qingdao Phillips 66 Energy Co. Ltd. 100% · China · Sale, purchase and storage of hydrocarbon products
11. Associated Petroleum Terminals (Immingham) Limited 50% · England · Operation of marine terminal
12. Crude Oil Terminals (Humber) Limited 50% · England · Provide facilities for terminal
13. Humber LPG Terminal Limited 50% · England · Dormant
14. Humber Oil Terminals Trustee Limited 50% · England · Trustee for participants in relation to their terminal
15. Warwickshire Oil Storage Limited 50% · England · Petroleum product storage facility

Significant events

“In January 2025 proceeds of $1,151 million were received on the disposal of associate company Coop Pronto AG (formerly known as Coop Mineraloel AG).”
“On 30 June 2025, a winding-up order was issued against the other shareholder in the four joint venture companies in which the company holds a 50% interest.”

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 342 total filings

Date	Type	Category	Description
2026-01-05	AP01	officers	Appoint person director company with name date	PDF
2026-01-02	TM01	officers	Termination director company	PDF
2025-11-07	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2025-10-07	AA	accounts	Accounts with accounts type full
2025-02-03	AP01	officers	Appoint person director company with name date	PDF
2025-01-31	TM01	officers	Termination director company with name termination date	PDF
2024-12-31	TM01	officers	Termination director company with name termination date	PDF
2024-11-07	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2024-10-13	AA	accounts	Accounts with accounts type full
2024-07-02	AP01	officers	Appoint person director company with name date	PDF
2024-07-01	TM01	officers	Termination director company with name termination date	PDF
2024-03-08	CH01	officers	Change person director company with change date	PDF
2023-11-09	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2023-10-16	AA	accounts	Accounts with accounts type full
2023-05-31	TM01	officers	Termination director company with name termination date	PDF
2023-01-09	AP01	officers	Appoint person director company with name date	PDF
2023-01-09	AP01	officers	Appoint person director company with name date	PDF
2023-01-09	TM01	officers	Termination director company with name termination date	PDF
2022-12-02	TM01	officers	Termination director company with name termination date	PDF
2022-11-08	CS01	confirmation-statement	Confirmation statement with no updates	PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings: 4
Capital events: 0
Officers appointed: 1
Officers resigned: 1

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Year-on-year

FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31

Turnover

-1.2%

£17,471,460,341 £17,269,829,503
Cash

-62.6%

£707,931,801 £264,640,474
Net assets

-27.7%

£2,383,246,850 £1,724,240,178
Employees

+1.7%

943 959
Operating profit

-52.4%

£414,381,023 £197,183,099
Profit before tax

-42.9%

£527,057,079 £300,963,677
Wages

+3.4%

£85,989,622 £88,954,781

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Official Companies House page