Discontinued — last reported Q1 '26
Business Segments · Asset Impairment Charges
Refining — Asset Impairment Charges
Phillips 66 Refining — Asset Impairment Charges decreased by 99.8% to $2.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 100.0%, from $1.00M to $2.00M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryRisk
SignalLower is better
VolatilityVolatile
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
An increase signals deteriorating asset value, poor market conditions, or strategic obsolescence of refining capacity.
Detailed definition
This represents non-cash charges recognized when the carrying value of refining assets exceeds their fair market value....
Peer comparison
Standard across capital-intensive industries like oil and gas, often triggered by commodity price volatility.
Metric ID:
psx_segment_refining_asset_impairment_chargesHistorical Data
12 periods
| Q2 '21 | Q3 '21 | Q3 '22 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $0.00 | $1.29B | $0.00 | $4.00M | $3.00M | $104.00M | $0.00 | $0.00 | $1.00M | $3.00M | $951.00M | $2.00M |
| QoQ Change | — | — | -100.0% | — | -25.0% | >999% | -100.0% | — | — | +200.0% | >999% | -99.8% |
| YoY Change | — | — | -100.0% | — | — | — | -100.0% | -100.0% | -99.0% | — | — | +100.0% |
Range$0.00 – $1.29B
Avg YoY Growth-59.8%
Median YoY Growth-100.0%
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Frequently Asked Questions
- What is Phillips 66's refining — asset impairment charges?
- Phillips 66 (PSX) reported refining — asset impairment charges of $2.00M in Q1 2026.
- How has Phillips 66's refining — asset impairment charges changed year-over-year?
- Phillips 66's refining — asset impairment charges increased by 100.0% year-over-year, from $1.00M to $2.00M.
- What does refining — asset impairment charges mean?
- A non-cash expense recorded when the value of refining assets is written down due to lower expected future profitability.