Phillips 66 Property, plant and equipment, net increased by 0.1% to $39.15B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 12.0%, from $34.97B to $39.15B. Over 5 years (FY 2020 to FY 2025), Property, plant and equipment, net shows an upward trend with a 10.5% CAGR.
An increase indicates capital expansion and infrastructure investment, while a decrease suggests asset depreciation or divestment.
This represents the net book value of long-term physical assets such as office buildings, data center infrastructure, an...
Standard line item across all capital-intensive industries, often referred to as 'Net PP&E'.
non_current_assets_property_plant_and_equipment_and_fina_e3effd| 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 | $23.69B | $22.38B | $22.44B | $22.33B | $22.23B | $34.96B | $35.16B | $35.11B | $35.23B | $35.53B | $35.71B | $35.55B | $35.23B | $35.60B | $35.26B | $34.97B | $36.68B | $36.39B | $39.10B | $39.15B |
| QoQ Change | — | -5.5% | +0.3% | -0.5% | -0.5% | +57.3% | +0.6% | -0.1% | +0.3% | +0.9% | +0.5% | -0.5% | -0.9% | +1.0% | -0.9% | -0.8% | +4.9% | -0.8% | +7.4% | +0.1% |
| YoY Change | — | — | — | — | -6.2% | +56.2% | +56.7% | +57.2% | +58.5% | +1.6% | +1.6% | +1.2% | -0.0% | +0.2% | -1.3% | -1.6% | +4.1% | +2.2% | +10.9% | +12.0% |
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Midstream Segment | $21.19B | $21.38B | $21.37B | $21.34B | $23.69B | $23.75B | $23.79B | $23.93B |
| Refining | $10.38B | $10.57B | $10.28B | $10.09B | $9.89B | $9.60B | $12.27B | $11.93B |
| Renewable Fuels | $2.06B | $2.05B | $2.05B | $2.03B | $2.02B | $2.01B | $2.01B | $2.00B |
| Marketing and Specialties | $814.00M | $827.00M | $824.00M | $831.00M | $472.00M | $461.00M | $471.00M | $473.00M |
| Chemicals Segment | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total | $35.23B | $35.60B | $35.26B | $34.97B | $36.68B | $36.39B | $39.10B | $39.15B |