Phillips 66 Derivative Asset, Subject to Master Netting Arrangement, Liability Offset increased by 852.3% to $25.43B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 712.1%, from $3.13B to $25.43B. Over 5 years (FY 2020 to FY 2025), Derivative Asset, Subject to Master Netting Arrangement, Liability Offset shows an upward trend with a 31.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
A decrease suggests more effective netting or reduced gross derivative asset exposure, while an increase may indicate higher counterparty credit risk or expanded derivative activity.
This metric represents the gross fair value of derivative assets that are subject to a master netting arrangement, reduc...
Large diversified financial institutions typically report this under derivative disclosures to demonstrate the impact of netting agreements on balance sheet size and credit risk.
other_derivative_asset_fair_value_gross_liability| 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 | $1.70B | $2.00B | $779.00M | $5.43B | $3.89B | $3.90B | $1.59B | $2.89B | $2.20B | $6.22B | $3.04B | $4.56B | $3.20B | $5.64B | $2.12B | $3.13B | $4.74B | $2.38B | $2.67B | $25.43B |
| QoQ Change | — | +17.4% | -61.1% | +596.9% | -28.4% | +0.4% | -59.1% | +81.2% | -23.7% | +182.2% | -51.1% | +49.9% | -29.7% | +76.2% | -62.5% | +47.8% | +51.4% | -49.9% | +12.4% | +852.3% |
| YoY Change | — | — | — | — | +128.1% | +94.9% | +104.6% | -46.8% | -43.3% | +59.4% | +90.8% | +57.7% | +45.3% | -9.2% | -30.4% | -31.3% | +48.1% | -57.9% | +26.1% | +712.1% |