There's no rate to imply here.

The data isn't there yet — here's what's missing:

  • Caution:
    What is missing
    Free cash flow is operating cash flow less capital spending, and Phillips 66 does not tag its capital spending in the SEC’s structured data under any element we can read. Without the second half of that subtraction there is no first number.

TickerMath is an educational tool, not investment advice — it computes one model from SEC filings and can be wrong. How we compute this →