• Phillips 66 average price to free cash flow ratio for 2023 was 7.78, a 22.71% increase from 2022.
• Phillips 66 average price to free cash flow ratio for 2022 was 6.34, a 36.54% increase from 2021.
• Phillips 66 average price to free cash flow ratio for 2021 was 9.99, a 61.11% decline from 2020.

Price to free cash flow ratio can be defined as