Phillips 66 Accretion Expense decreased by 7.7% to $12.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric was flat by 0.0%, from $12.00M to $12.00M. Over 4 years (FY 2021 to FY 2025), Accretion Expense shows an upward trend with a 18.3% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase reflects the aging of assets and the approaching timeline for mandatory site remediation.
The periodic increase in the carrying value of asset retirement obligations (ARO) resulting from the passage of time as...
Standard for extractive industries; reflects the long-term liability profile of physical infrastructure.
is_cop_accretion_expense| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $6.00M | $6.00M | $6.00M | $6.00M | $6.00M | $5.00M | $6.00M | $6.00M | $7.00M | $6.00M | $10.00M | $9.00M | $10.00M | $8.00M | $13.00M | $12.00M | $10.00M | $12.00M | $13.00M | $12.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +0.0% | -16.7% | +20.0% | +0.0% | +16.7% | -14.3% | +66.7% | -10.0% | +11.1% | -20.0% | +62.5% | -7.7% | -16.7% | +20.0% | +8.3% | -7.7% |
| YoY Change | — | — | — | — | +0.0% | -16.7% | +0.0% | +0.0% | +16.7% | +20.0% | +66.7% | +50.0% | +42.9% | +33.3% | +30.0% | +33.3% | +0.0% | +50.0% | +0.0% | +0.0% |