Discontinued — last reported Q1 '21
Phillips 66 PP&E (Gross) increased by 0.8% to $62.27B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 10.4%, from $56.41B to $62.27B. Over 5 years (FY 2020 to FY 2025), PP&E (Gross) shows an upward trend with a 9.0% CAGR.
An increase reflects ongoing capital expenditure and investment in production capacity, while a decrease may indicate asset divestitures or lack of reinvestment.
This represents the total historical cost of all property, plant, and equipment assets before accounting for accumulated...
For exploration and production firms, this reflects the massive capital investment required to maintain and expand oil and gas reserves.
ppe_total_gross| 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 | $40.87B | $41.14B | $39.80B | $39.97B | $39.93B | $52.62B | $52.99B | $53.19B | $53.78B | $54.49B | $55.19B | $55.05B | $55.39B | $55.63B | $55.96B | $56.41B | $58.14B | $58.58B | $61.79B | $62.27B |
| QoQ Change | — | +0.7% | -3.3% | +0.4% | -0.1% | +31.8% | +0.7% | +0.4% | +1.1% | +1.3% | +1.3% | -0.3% | +0.6% | +0.4% | +0.6% | +0.8% | +3.1% | +0.7% | +5.5% | +0.8% |
| YoY Change | — | — | — | — | -2.3% | +27.9% | +33.2% | +33.1% | +34.7% | +3.5% | +4.2% | +3.5% | +3.0% | +2.1% | +1.4% | +2.5% | +5.0% | +5.3% | +10.4% | +10.4% |
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Midstream Segment | $26.28B | $25.95B | $26.19B | $26.34B | $28.95B | $29.28B | $29.56B | $29.90B |
| Refining | $21.75B | $22.22B | $22.27B | $22.53B | $22.80B | $22.88B | $25.96B | $22.96B |
| Renewable Fuels | $3.69B | $3.70B | $3.72B | $3.73B | $3.73B | $3.75B | $3.77B | $3.79B |
| Marketing and Specialties | $2.01B | $2.09B | $2.09B | $2.14B | $989.00M | $990.00M | $1.01B | $1.03B |
| Chemicals Segment | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total | $55.39B | $55.63B | $55.96B | $56.41B | $58.14B | $58.58B | $61.79B | $62.27B |