Other
Cost And Expenses
Phillips 66 Cost And Expenses decreased by 0.4% to $32.74B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 5.4%, from $31.08B to $32.74B. Over 4 years (FY 2021 to FY 2025), Cost And Expenses shows an upward trend with a 3.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementIncome Statement
SectionOther
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026Apr 29, 2026
How to read this metric
A decrease relative to revenue indicates improved operational efficiency, while an increase may signal rising input costs or operational inefficiencies.
Detailed definition
This represents the aggregate of all operating costs, including cost of goods sold, selling, general, and administrative...
Peer comparison
Standard across all industries; used to calculate operating margins when compared against total revenue.
Metric ID:
other_cost_and_expensesHistorical Data
20 periods
| 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 | $27.45B | $31.02B | $31.94B | $35.89B | $45.20B | $41.61B | $38.36B | $32.44B | $33.50B | $37.51B | $36.98B | $35.47B | $37.60B | $35.75B | $34.00B | $31.08B | $32.40B | $34.78B | $32.88B | $32.74B |
| QoQ Change | — | +13.0% | +3.0% | +12.4% | +25.9% | -8.0% | -7.8% | -15.4% | +3.3% | +12.0% | -1.4% | -4.1% | +6.0% | -4.9% | -4.9% | -8.6% | +4.3% | +7.3% | -5.5% | -0.4% |
| YoY Change | — | — | — | — | +64.7% | +34.1% | +20.1% | -9.6% | -25.9% | -9.8% | -3.6% | +9.4% | +12.3% | -4.7% | -8.1% | -12.4% | -13.8% | -2.7% | -3.3% | +5.4% |
Range$27.45B – $45.20B
CAGR+3.8%
Avg YoY Growth+3.2%
Median YoY Growth-3.4%
Current Streak2 quarters decline
Business Segments
| Segment | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|
| Refining | $16.71B | $18.37B | $19.89B | $20.17B | $22.35B |
| Midstream | $4.90B | $4.42B | $4.48B | $5.04B | $5.06B |
| Renewable Fuels | $1.71B | $1.79B | $1.71B | $1.55B | $1.66B |
| Chemicals | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| M&S | $19.42B | — | — | — | — |
| Total | $31.08B | $32.40B | $34.78B | $32.88B | $32.74B |
Cost And Expenses at Other Companies
Frequently Asked Questions
- What is Phillips 66's cost and expenses?
- Phillips 66 (PSX) reported cost and expenses of $32.74B in Q1 2026.
- How has Phillips 66's cost and expenses changed year-over-year?
- Phillips 66's cost and expenses increased by 5.4% year-over-year, from $31.08B to $32.74B.
- What is the long-term trend for Phillips 66's cost and expenses?
- Over 4 years (2021 to 2025), Phillips 66's cost and expenses has grown at a 3.8% compound annual growth rate (CAGR), from $113.11B to $131.14B.
- What does cost and expenses mean?
- The total sum of all operating costs and expenses incurred to run the business.