Business Segments · Impairments
Chemicals — Impairments
This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryRisk
SignalLower is better
VolatilityVolatile
First reportedQ1 2022
Last reportedQ1 2026
How to read this metric
An increase signals potential asset obsolescence, poor market conditions, or strategic missteps in capital allocation.
Detailed definition
Represents charges taken when the carrying value of assets within the Chemicals segment exceeds their recoverable amount...
Peer comparison
Commonly reported as 'Asset Impairments' or 'Write-downs' by peers in the cyclical chemical and energy sectors.
Metric ID:
psx_segment_chemicals_impairmentsHistorical Data
17 periods
| 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Range$0.00 – $0.00
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Frequently Asked Questions
- What is Phillips 66's chemicals — impairments?
- Phillips 66 (PSX) reported chemicals — impairments of $0.00 in Q1 2026.
- What does chemicals — impairments mean?
- Accounting charges taken when the value of chemical assets is written down due to reduced future profitability.