• Phillips 66 average price to free cash flow ratio for 2023 was 7.64, a 21.46% increase from 2022.
• Phillips 66 average price to free cash flow ratio for 2022 was 6.29, a 36.46% increase from 2021.
• Phillips 66 average price to free cash flow ratio for 2021 was 9.9, a 61.13% decline from 2020.

Price to free cash flow ratio can be defined as