Phillips 66 Investments increased by 0.6% to $11.50B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 11.7%, from $13.01B to $11.50B. Over 4 years (FY 2021 to FY 2025), Investments shows a downward trend with a -4.0% CAGR.
An increase suggests strategic expansion or capital deployment into partnerships, while a decrease may indicate divestitures or impairment.
Represents the carrying value of long-term investments in unconsolidated entities, joint ventures, or minority interests...
Varies significantly based on the company's M&A strategy and reliance on joint ventures versus wholly-owned operations.
non_current_assets_investments_in_affiliates_subsidiarie_2849e6| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|
| Value | $13.44B | $14.43B | $14.74B | $14.02B | $13.01B | $12.97B | $12.06B | $11.43B | $11.50B |
| QoQ Change | — | +7.3% | +2.2% | -4.9% | -7.2% | -0.4% | -7.0% | -5.2% | +0.6% |
| YoY Change | — | +7.3% | +2.2% | -4.9% | — | — | — | -18.5% | -11.7% |
| Segment | Q4 '22 | Q4 '23 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Chemicals | — | $7.34B | $7.82B | $7.90B | $7.89B | $7.90B | $7.90B | $8.02B |
| Midstream | — | $3.77B | $3.08B | $2.26B | $2.23B | $2.20B | $2.12B | $2.10B |
| Refining | $2.48B | $2.80B | $2.38B | $2.28B | $2.28B | $1.36B | $65.00M | $70.00M |
| Renewable Fuels | — | — | $16.00M | $15.00M | $14.00M | $15.00M | $15.00M | $15.00M |
| Corporate and Other | — | $2.00M | — | — | — | — | — | — |
| Marketing and Specialties | $883.00M | $825.00M | — | — | — | — | — | — |
| Total | $14.43B | $14.74B | $14.02B | $13.01B | $12.97B | $12.06B | $11.43B | $11.50B |
Corporate and Other, Marketing and Specialties were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.