In 1847, Mr. Philip Morris opened a shop on London’s Bond Street. Today, we are a leading international tobacco company and now we’ve made a dramatic decision.

We’re building our future on smoke-free products that are a much better choice for adult smokers than continued smoking.

Through it all, we will rely on our strength in building great brands, in innovating and inventing, and in surpassing consumer expectations.


Our key milestones

1847

1881

1894

1908

1919

1950s

1972

1987

2000

2001

2005

2009

2011

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

* Reduced Risk Products (“RRPs”) is the term we use to refer to products that present, are likely to present, or have the potential to present less risk of harm to smokers who switch to these products versus continuing smoking.  PMI has a range of RRPs in various stages of development, scientific assessment and commercialization. Our RRPs are smoke-free products that produce an aerosol that contains far lower quantities of harmful and potentially harmful constituents than found in cigarette smoke.

Our 2023 Q4 results reveal our continuing progress

Important Note: All figures are as of December 31, 2023. This article should be read in conjunction with the Philip Morris International Inc. earnings release dated February 8, 2024, as well as the accompanying glossary of key terms, definitions, explanatory notes, select financial information and reconciliations of non-GAAP financial measures, both of which are available on our Investor Relations pages.