What is Phillips 66's PP&E (gross)?

Phillips 66 (PSX) reported PP&E (gross) of $62.27B in Q1 2026.

How has Phillips 66's PP&E (gross) changed year-over-year?

Phillips 66's PP&E (gross) increased by 10.4% year-over-year, from $56.41B to $62.27B.

What is the long-term trend for Phillips 66's PP&E (gross)?

Over 5 years (2020 to 2025), Phillips 66's PP&E (gross) has grown at a 9.0% compound annual growth rate (CAGR), from $40.22B to $61.79B.

What does PP&E (gross) mean?

Total cost of all property, plant, and equipment before deducting accumulated depreciation — the gross investment in tangible assets.

Phillips 66 PSX PP&E (Gross)

Segments

By segment

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Midstream$29.9B+13.5%

Refining$22.96B+1.9%

Renewable Fuels$3.79B+1.7%

Marketing And Specialties Segment$1.03B-51.9%

Chemicals$0—

Other financials

Income statement

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Revenue$32.5B+6.9%

Gross profit$3.3B+20.0%

Net income$207.0M-57.5%

EPS (diluted)$0.51-56.8%

Balance sheet

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Cash & equivalents$5.2B+246%

Total debt$21.7B+0.7%

Total equity$28.5B+4.6%

Total assets$84.1B+17.0%

Cash flow

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Operating cash flow-$2.3B-1,311%

Valuation

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Market cap$68.86B+35.5%

P/E16.7×-10.7×

P/S0.5×+0.1×

Profitability

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Gross margin12.5%+3.4pp

Net margin3.1%+1.7pp

Returns & leverage

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Return on equity14.8%+8.3pp

Debt / equity0.7×0.0×

Current ratio1.1×-0.1×

Where this comes from

Reported directly by Phillips 66 in its filing.

Tagged under the XBRL concept us-gaap:PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization.

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 PP&E (gross)?: Phillips 66 (PSX) reported PP&E (gross) of $62.27B in Q1 2026.
How has Phillips 66's PP&E (gross) changed year-over-year?: Phillips 66's PP&E (gross) increased by 10.4% year-over-year, from $56.41B to $62.27B.
What is the long-term trend for Phillips 66's PP&E (gross)?: Over 5 years (2020 to 2025), Phillips 66's PP&E (gross) has grown at a 9.0% compound annual growth rate (CAGR), from $40.22B to $61.79B.
What does PP&E (gross) mean?: Total cost of all property, plant, and equipment before deducting accumulated depreciation — the gross investment in tangible assets.