• Phillips 66 average ebitda margin for 2023 was 8.34%, a 53.03% decline from 2022.
• Phillips 66 average ebitda margin for 2022 was 5.45%, a 440.63% increase from 2021.
• Phillips 66 average ebitda margin for 2021 was -1.6%, a 33.05% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.