Item 6. SELECTED FINANCIAL DATA

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Item 6. SELECTED FINANCIAL DATA



	Millions of Dollars Except Per Share Amounts
	2019		2018	2017	2016	2015

Sales and other operating revenues*	$	107,293	111,461	102,354	84,279	98,975
Net income	3,377		5,873	5,248	1,644	4,280
Net income attributable to Phillips 66	3,076		5,595	5,106	1,555	4,227
Per common share
Basic	6.80		11.87	9.90	2.94	7.78
Diluted	6.77		11.80	9.85	2.92	7.73
Total assets	58,720		54,302	54,371	51,653	48,580
Long-term debt	11,216		11,093	10,069	9,588	8,843
Cash dividends declared per common share	3.50		3.10	2.73	2.45	2.18

** Sales and other operating revenues for the years ended December 31,* 2015 through 2017*, are presented in accordance with accounting standards in effect prior to our adoption of ASU No. 2014-09 on January 1, 2018. See Note 1—Summary of Significant Accounting Policies, in the Notes to Consolidated Financial Statements, for further discussion regarding our adoption of ASU No. 2014-09.*

To ensure full understanding, you should read the selected financial data presented above in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the consolidated financial statements and accompanying notes included elsewhere in this Annual Report on Form 10-K.

Index to Financial Statements

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