Phillips 66
Phillips 66 (NYSE: PSX) is trading at $257.33, about ₹24,719 at today's USD/INR rate, as of 30 Sep 2026, 12:31 PM ET, up 2.01% today. Indian residents can buy Phillips 66 from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$254.85
Today's high
$259.56
52 week low
$126.74
52 week high
$277.12
PSX opened at $256.92, closed previously at $252.25, and has traded between $126.74 and $277.12 over the past 52 weeks.
About
Phillips 66 operates as a diversified energy company, specializing in both manufacturing and logistics. Its comprehensive business model is structured across four primary segments: Midstream, Chemicals, Refining, and Marketing & Specialties (M&S). The Midstream division manages the vital infrastructure for transporting and processing various energy commodities. This includes moving crude oil and other feedstocks, delivering refined petroleum products to market, offering terminaling and storage solutions, and handling natural gas liquids (NGLs) through processes like transportation, storage, fractionation, export, and marketing. It also provides fee-based processing services and oversees the gathering, processing, transportation, and marketing of natural gas. The Chemicals segment is dedicated to the production and distribution of a broad spectrum of chemical products. This encompasses olefins like ethylene, aromatics and styrenics such as benzene, cyclohexane, styrene, and polystyrene, alongside various specialty chemicals. These specialty products include organosulfur compounds, solvents, catalysts, and chemicals utilized in drilling and mining operations. Through its Refining segment, Phillips 66 transforms crude oil and other feedstocks into essential petroleum products. These include different grades of gasoline, distillates, aviation fuels, and renewable fuels, processed at its network of 12 refineries located in the United States and Europe. The Marketing & Specialties (M&S) segment focuses on the procurement, resale, and marketing of refined petroleum products like gasolines, distillates, and aviation fuels, primarily serving markets in the United States and Europe. This segment also manufactures and distributes specialized products, including base oils and lubricants. Phillips 66, founded in 1875, is headquartered in Houston, Texas.
Key statistics
Avg. volume
2.81M
Market cap
$103.17B
P/E Ratio
14.60
Price-to-sales ratio
0.67
Enterprise value
$74.16B
Free cash flow yield
5.21%
Debt-to-equity ratio
0.65
Return on equity
15.13%
ROIC
4.75%
Beta
0.70
Dividend yield
1.95%
Last dividend
$5.01
Financial overview
Revenue
$132.19B
Earnings per share
$10.84
Free cash flow
$2.73B
Net profit margin
4.62%
Gross margin
9.78%
EBITDA
$9.76B
Revenue growth
-7.64%
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This is not an investment recommendation
How to buy Phillips 66 from India
Indian residents can buy Phillips 66 shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for Phillips 66 and place an order
Find Phillips 66 by name or by its ticker, PSX, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Phillips 66 trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Phillips 66 position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Trading and taxes when buying Phillips 66 from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Phillips 66’s current yield is 1.95%.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy Phillips 66 stock?
Yes. Phillips 66 (PSX) has been listed on the New York Stock Exchange since 2012, in the Oil & Gas Refining & Marketing industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one Phillips 66 share cost in rupees?
One Phillips 66 share is $257.33 — about ₹24,719 at a USD/INR rate of 96.06 on 29 Sep 2026. Both the Phillips 66 price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Phillips 66 from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy Phillips 66 with less than the price of one share?
Yes. A whole Phillips 66 share is $257.33, but there is no minimum trade size: you enter a rupee or dollar amount and receive the matching fraction.
How are gains on Phillips 66 shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Phillips 66 price. Paasa issues a capital-gains statement for your return.
Does Phillips 66 pay a dividend, and how is it taxed in India?
Yes. Phillips 66 pays a dividend and the current yield is 1.95%; the last declared dividend was $5.01 per share, about ₹481.26. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Phillips 66 from India?
The New York Stock Exchange trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on Phillips 66 shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare Phillips 66 shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Phillips 66 holding, its cost and its closing value.
How do I sell Phillips 66 and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.