Phillips 66 PSX Derivative Liability, Subject to Master Netting Arrangement, Asset Offset
Derivative Liability, Subject to Master Netting Arrangement, Asset Offset at other companies
Other financials
Where this comes from
Reported directly by Phillips 66 in its filing.
Tagged under the XBRL concept us-gaap:DerivativeLiabilityFairValueGrossAsset.
The official record: Phillips 66’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Phillips 66's derivative liability, subject to master netting arrangement, asset offset?
- Phillips 66 (PSX) reported derivative liability, subject to master netting arrangement, asset offset of $25.43B in Q1 2026.
- How has Phillips 66's derivative liability, subject to master netting arrangement, asset offset changed year-over-year?
- Phillips 66's derivative liability, subject to master netting arrangement, asset offset increased by 712.1% year-over-year, from $3.13B to $25.43B.
- What is the long-term trend for Phillips 66's derivative liability, subject to master netting arrangement, asset offset?
- Over 5 years (2020 to 2025), Phillips 66's derivative liability, subject to master netting arrangement, asset offset has grown at a 31.9% compound annual growth rate (CAGR), from $669M to $2.67B.
- What does derivative liability, subject to master netting arrangement, asset offset mean?
- This represents the gross fair value of derivative liabilities that are subject to a master netting arrangement and are offset by recognized derivative assets. It reflects the company's potential financial exposure from derivative contracts before considering the legal right to offset against corresponding assets. This metric is critical for understanding the net counterparty risk exposure in the company's hedging and trading activities.