Refining — Taxes other than income taxes
Phillips 66 Refining — Taxes other than income taxes increased by 68.3% to $106.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 3.6%, from $110.00M to $106.00M. Over 3 years (FY 2022 to FY 2025), Refining — Taxes other than income taxes shows an upward trend with a 7.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Increases are typically driven by changes in local tax legislation or expansion of the asset base, while decreases may reflect tax incentives or asset divestitures.
Detailed definition
This includes property taxes, production taxes, and other non-income-based levies imposed on the refining segment's oper...
Peer comparison
Standard tax line item for industrial companies with significant physical infrastructure.
psx_segment_refining_taxes_other_than_income_taxesHistorical 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 | $71.25M | $71.25M | $71.25M | $71.25M | $95.50M | $95.50M | $95.50M | $95.50M | $121.00M | $74.00M | $100.00M | $92.00M | $110.00M | $94.00M | $90.00M | $63.00M | $106.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +34.0% | +0.0% | +0.0% | +0.0% | +26.7% | -38.8% | +35.1% | -8.0% | +19.6% | -14.5% | -4.3% | -30.0% | +68.3% |
| YoY Change | — | — | — | — | +34.0% | +34.0% | +34.0% | +34.0% | +26.7% | -22.5% | +4.7% | -3.7% | -9.1% | +27.0% | -10.0% | -31.5% | -3.6% |
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Frequently Asked Questions
- What is Phillips 66's refining — taxes other than income taxes?
- Phillips 66 (PSX) reported refining — taxes other than income taxes of $106.00M in Q1 2026.
- How has Phillips 66's refining — taxes other than income taxes changed year-over-year?
- Phillips 66's refining — taxes other than income taxes decreased by 3.6% year-over-year, from $110.00M to $106.00M.
- What is the long-term trend for Phillips 66's refining — taxes other than income taxes?
- Over 3 years (2022 to 2025), Phillips 66's refining — taxes other than income taxes has grown at a 7.8% compound annual growth rate (CAGR), from $285.00M to $357.00M.
- What does refining — taxes other than income taxes mean?
- Taxes paid by the refining segment that are not based on income, such as property or production taxes.