Other

Equity method investments (Note 11)

Phillips 66 Equity method investments (Note 11) decreased by 18.5% to $11.43B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 18.5%, from $14.01B to $11.43B. Over 5 years (FY 2020 to FY 2025), Equity method investments (Note 11) shows a downward trend with a -2.6% CAGR.

Analysis

StatementBalance Sheet Statement
SectionOther
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ1 2026
Last reportedQ1 2026

How to read this metric

Growth indicates strategic expansion into partnerships, while a decline may signal divestment or poor performance of the investee.

Detailed definition

This represents the company's investment in entities where it exercises significant influence but does not have full con...

Peer comparison

Common in the mining sector for joint ventures; peers often use this to share risk in large-scale projects.

Metric ID: other_equity_method_investments

Historical Data

5 periods
 Q4 '21Q4 '22Q4 '23Q4 '24Q4 '25
Value$12.83B$14.41B$14.73B$14.01B$11.43B
QoQ Change—+12.3%+2.2%-4.9%-18.5%
YoY Change—+12.3%+2.2%-4.9%-18.5%
Range$11.43B – $14.73B
CAGR-11.0%
Avg YoY Growth-2.2%
Median YoY Growth-1.3%
Current Streak2 quarters decline

Frequently Asked Questions

What is Phillips 66's equity method investments (note 11)?
Phillips 66 (PSX) reported equity method investments (note 11) of $11.43B in Q4 2025.
How has Phillips 66's equity method investments (note 11) changed year-over-year?
Phillips 66's equity method investments (note 11) decreased by 18.5% year-over-year, from $14.01B to $11.43B.
What is the long-term trend for Phillips 66's equity method investments (note 11)?
Over 5 years (2020 to 2025), Phillips 66's equity method investments (note 11) has grown at a -2.6% compound annual growth rate (CAGR), from $13.04B to $11.43B.
What does equity method investments (note 11) mean?
Investments in companies where the firm has significant influence but not control.