Business Segments · Investments In and Advances to Affiliates
M&S — Investments In and Advances to Affiliates
Phillips 66 M&S — Investments In and Advances to Affiliates decreased by 2.8% to $1.29B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 132.1%, from $557.00M to $1.29B.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ4 2022
Last reportedQ1 2026
Rolls up toInvestments
How to read this metric
An increase indicates strategic expansion through partnerships, while a decrease may signal divestitures or impairment of affiliate assets.
Detailed definition
This represents the carrying value of the segment's equity interests in joint ventures or other non-consolidated entitie...
Peer comparison
Commonly reported as 'Equity method investments' or 'Investments in affiliates' by peers with joint venture structures.
Metric ID:
psx_segment_m_s_investments_in_and_advances_to_affiliatesHistorical Data
8 periods
| Q4 '22 | Q4 '23 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|
| Value | $881.00M | $824.00M | $719.00M | $557.00M | $553.00M | $573.00M | $1.33B | $1.29B |
| QoQ Change | — | -6.5% | -12.7% | -22.5% | -0.7% | +3.6% | +132.1% | -2.8% |
| YoY Change | — | -6.5% | -12.7% | — | — | — | +85.0% | +132.1% |
Range$553.00M – $1.33B
CAGR+24.5%
Avg YoY Growth+49.5%
Median YoY Growth+39.3%
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Frequently Asked Questions
- What is Phillips 66's m&s — investments in and advances to affiliates?
- Phillips 66 (PSX) reported m&s — investments in and advances to affiliates of $1.29B in Q1 2026.
- How has Phillips 66's m&s — investments in and advances to affiliates changed year-over-year?
- Phillips 66's m&s — investments in and advances to affiliates increased by 132.1% year-over-year, from $557.00M to $1.29B.
- What does m&s — investments in and advances to affiliates mean?
- The value of the Marketing & Specialties segment's stakes in joint ventures and partner companies.