Phillips 66 Derivative Liability, Subject to Master Netting Arrangement, Asset 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 Liability, Subject to Master Netting Arrangement, Asset 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 indicates lower net derivative liabilities, while an increase suggests higher potential settlement obligations or changes in market-driven derivative valuations.
This metric represents the gross fair value of derivative liabilities that are subject to a master netting arrangement,...
Peer banks disclose this to show the extent to which derivative liabilities are mitigated by netting agreements, impacting the reported gross balance sheet leverage.
other_derivative_liability_fair_value_gross_asset| 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% |