Other

Asset Retirement Obligation

Phillips 66 Asset Retirement Obligation decreased by 6.5% to $721.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 6.5%, from $771.00M to $721.00M. Over 5 years (FY 2020 to FY 2025), Asset Retirement Obligation shows an upward trend with a 18.5% CAGR.

Analysis

StatementBalance Sheet Statement
SectionOther
CategoryRisk
SignalContext dependent
VolatilityStable
First reportedQ4 2020
Last reportedQ4 2025

How to read this metric

Changes reflect updates to environmental regulations, cost estimates, or the timing of asset retirements.

Detailed definition

This represents the estimated liability for the future costs associated with retiring long-lived assets, such as power p...

Peer comparison

Crucial for comparing environmental liability exposure among utility companies with aging infrastructure.

Metric ID: other_asset_retirement_obligation

Historical Data

5 periods
 Q4 '21Q4 '22Q4 '23Q4 '24Q4 '25
Value$395.00M$565.00M$537.00M$771.00M$721.00M
QoQ Change—+43.0%-5.0%+43.6%-6.5%
YoY Change—+43.0%-5.0%+43.6%-6.5%
Range$395.00M – $771.00M
CAGR+82.5%
Avg YoY Growth+18.8%
Median YoY Growth+19.0%

Frequently Asked Questions

What is Phillips 66's asset retirement obligation?
Phillips 66 (PSX) reported asset retirement obligation of $721.00M in Q4 2025.
How has Phillips 66's asset retirement obligation changed year-over-year?
Phillips 66's asset retirement obligation decreased by 6.5% year-over-year, from $771.00M to $721.00M.
What is the long-term trend for Phillips 66's asset retirement obligation?
Over 5 years (2020 to 2025), Phillips 66's asset retirement obligation has grown at a 18.5% compound annual growth rate (CAGR), from $309.00M to $721.00M.
What does asset retirement obligation mean?
The estimated future cost to retire and clean up company assets, discounted to present value.