BP PLC vs Phillips 66, two Oil & Gas Refining stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
The margin lines run thin at both, Phillips 66's 3.1% net against BP's 0.7%, refining-and-midstream economics against an impaired integrated year, but the returns diverge sharply: Phillips earns 13.9% on equity to BP's 1.8%, the focused downstream franchise out-earning the sprawling major. Phillips trades at 17 times earnings, pays a 2.8% dividend, and carries 0.28 turns of debt; BP has no clean multiple and yields 24.1% in free cash against Phillips' 3.6%. The pair prices refining-plus-chemicals clarity against supermajor complexity; Phillips converts less of its price to cash but earns far more on its capital, and its income statement needs no footnotes about write-downs.
Comparison updated 2026-07-11.
| Metric | BP | PSX |
|---|---|---|
| Price | $37.12 | $171.67 |
| Market cap | $101.5B | $69.2B |
| Sector | Oil & Gas Refining | Oil & Gas Refining |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | — | +0.1% |
| P/E | — | 17.0 |
| P/B | 1.37 | 2.33 |
| P/S | 0.53 | 0.51 |
| EV/EBITDA | 2.1 | 24.0 |
| Revenue growth | +6.9% | -1.8% |
| Operating margin | 6.6% | — |
| Net margin | 0.7% | 3.1% |
| Return on equity | 1.8% | 13.9% |
| Return on assets | 0.5% | 4.9% |
| Return on invested capital | 13.5% | — |
| FCF yield | 24.1% | 3.6% |
| Dividend yield | — | 2.8% |
| Debt / equity | 0.00 | 0.28 |
| Current ratio | 1.26 | 1.13 |
| Altman Z (solvency) | 1.23 | 2.96 |
| Piotroski F (quality) | 8 / 9 | 5 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.