Refining — Other Cost and Expense, Operating
Phillips 66 Refining — Other Cost and Expense, Operating remained flat by 0.0% to $1.23B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 14.4%, from $1.07B to $1.23B. Over 3 years (FY 2022 to FY 2025), Refining — Other Cost and Expense, Operating shows a downward trend with a -5.0% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
Rising costs may indicate aging infrastructure requiring more maintenance or inflationary pressures on energy and labor, while declining costs suggest improved operational efficiency.
Detailed definition
This captures miscellaneous operating expenses within the refining segment that are not classified as direct feedstock c...
Peer comparison
Commonly reported as 'Operating Expenses' or 'Refinery Operating Costs' by peer refining companies.
psx_segment_refining_other_cost_and_expense_operatingHistorical Data
| 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 | $1.18B | $1.18B | $1.18B | $1.18B | $1.06B | $1.06B | $1.06B | $1.06B | $953.00M | $884.00M | $921.00M | $969.00M | $1.07B | $848.00M | $909.00M | $1.23B | $1.23B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -10.3% | +0.0% | +0.0% | +0.0% | -10.2% | -7.2% | +4.2% | +5.2% | +10.8% | -21.0% | +7.2% | +35.2% | +0.0% |
| YoY Change | — | — | — | — | -10.3% | -10.3% | -10.3% | -10.3% | -10.2% | -16.7% | -13.2% | -8.7% | +12.7% | -4.1% | -1.3% | +26.8% | +14.4% |
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Frequently Asked Questions
- What is Phillips 66's refining — other cost and expense, operating?
- Phillips 66 (PSX) reported refining — other cost and expense, operating of $1.23B in Q1 2026.
- How has Phillips 66's refining — other cost and expense, operating changed year-over-year?
- Phillips 66's refining — other cost and expense, operating increased by 14.4% year-over-year, from $1.07B to $1.23B.
- What is the long-term trend for Phillips 66's refining — other cost and expense, operating?
- Over 3 years (2022 to 2025), Phillips 66's refining — other cost and expense, operating has grown at a -5.0% compound annual growth rate (CAGR), from $4.73B to $4.06B.
- What does refining — other cost and expense, operating mean?
- The day-to-day operating costs of running refineries excluding raw materials and administrative expenses.