Phillips 66 vs Exxon Mobil Corporation, two Oil & Gas Refining stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Both balance sheets are conservative, Phillips 66 at 0.28 turns of debt and ExxonMobil at 0.06, which frees the pair to be about scope and scale: Phillips is a downstream-and-chemicals specialist, Exxon the integrated giant at eight times the market value, $573B against $69B. Phillips earns the higher return on equity, 13.9% against 9.7%, the focused refiner out-returning the colossus in a soft upstream year; Exxon leads on net margin, 7.6% against 3.1%. Both pay near-3% dividends (Phillips 2.8%, Exxon 2.9%). The multiples split, 17 times Phillips against 23 Exxon, the market paying up for integration and reserves. The pair prices refining focus against integrated breadth; Phillips is the cheaper, higher-returning downstream play, Exxon the diversified anchor.
Comparison updated 2026-07-11.
| Metric | PSX | XOM |
|---|---|---|
| Price | $171.67 | $136.40 |
| Market cap | $69.2B | $573.2B |
| Sector | Oil & Gas Refining | Oil & Gas Refining |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | +0.1% | +1.4% |
| P/E | 17.0 | 23.0 |
| P/B | 2.33 | 2.20 |
| P/S | 0.51 | 1.71 |
| EV/EBITDA | 24.0 | 21.4 |
| Revenue growth | -1.8% | -4.2% |
| Net margin | 3.1% | 7.6% |
| Return on equity | 13.9% | 9.7% |
| Return on assets | 4.9% | 5.5% |
| FCF yield | 3.6% | 3.3% |
| Dividend yield | 2.8% | 2.9% |
| Debt / equity | 0.28 | 0.06 |
| Current ratio | 1.13 | 1.04 |
| Altman Z (solvency) | 2.96 | 3.87 |
| Piotroski F (quality) | 5 / 9 | 8 / 9 |
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
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.