Phillips 66 Accumulated Depreciation increased by 1.9% to $23.12B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 7.8%, from $21.44B to $23.12B. Over 5 years (FY 2020 to FY 2025), Accumulated Depreciation shows an upward trend with a 6.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
A rising balance relative to gross assets suggests an aging infrastructure, potentially signaling a need for future capital expenditure to replace equipment.
This is the cumulative amount of depreciation expense charged against the company's tangible assets since their acquisit...
Commonly found in the balance sheet or notes for all companies with significant physical property, plant, and equipment.
ppe_accumulated_depreciation| 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 | $17.18B | $18.76B | $17.36B | $17.64B | $17.70B | $17.66B | $17.83B | $18.08B | $18.54B | $18.96B | $19.48B | $19.50B | $20.16B | $20.03B | $20.69B | $21.44B | $21.46B | $22.19B | $22.69B | $23.12B |
| QoQ Change | — | +9.2% | -7.5% | +1.6% | +0.3% | -0.2% | +0.9% | +1.4% | +2.5% | +2.2% | +2.8% | +0.1% | +3.3% | -0.6% | +3.3% | +3.6% | +0.1% | +3.4% | +2.3% | +1.9% |
| YoY Change | — | — | — | — | +3.0% | -5.9% | +2.7% | +2.5% | +4.8% | +7.3% | +9.3% | +7.9% | +8.7% | +5.6% | +6.2% | +9.9% | +6.5% | +10.8% | +9.7% | +7.8% |
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Refining | $11.37B | $11.65B | $11.99B | $12.44B | $12.91B | $13.28B | $13.69B | $11.03B |
| Midstream Segment | $5.09B | $4.58B | $4.82B | $5.00B | $5.26B | $5.53B | $5.77B | $5.97B |
| Renewable Fuels | $1.62B | $1.65B | $1.67B | $1.69B | $1.72B | $1.74B | $1.76B | $1.79B |
| Marketing and Specialties | $1.20B | $1.26B | $1.27B | $1.31B | $517.00M | $529.00M | $543.00M | $556.00M |
| Chemicals Segment | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total | $20.16B | $20.03B | $20.69B | $21.44B | $21.46B | $22.19B | $22.69B | $23.12B |