What is Phillips 66's acquisitions?

Phillips 66 (PSX) reported acquisitions of $66M in Q1 2026.

What is the long-term trend for Phillips 66's acquisitions?

Over 2 years (2022 to 2025), Phillips 66's acquisitions has grown at a 238.6% compound annual growth rate (CAGR), from $306M to $3.51B.

What does acquisitions mean?

Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

Phillips 66 PSX Acquisitions

Acquisitions at other companies

Cabot CorporationCBT

$6.75M—

Envista Holdings CorporationNVST

$54.4M+1,411%

Archer AviationACHR

$3.7M—

Atmus Filtration TechnologiesATMU

$455.3M—

PowerFleet, Inc.AIOT

-$246K—

US Physical TherapyUSPH

$21.2M+404%

Other financials

Income statement

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Revenue$32.5B+6.9%

Gross profit$3.3B+20.0%

Net income$207.0M-57.5%

EPS (diluted)$0.51-56.8%

Balance sheet

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Cash & equivalents$5.2B+246%

Total debt$21.7B+0.7%

Total equity$28.5B+4.6%

Total assets$84.1B+17.0%

Cash flow

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Operating cash flow-$2.3B-1,311%

Valuation

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Market cap$82.99B+63.8%

P/E20.1×-9.4×

P/S0.6×+0.2×

Profitability

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Gross margin12.5%+3.4pp

Net margin3.1%+1.7pp

Returns & leverage

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Return on equity14.8%+8.3pp

Debt / equity0.7×0.0×

Current ratio1.1×-0.1×

Where this comes from

Reported directly by Phillips 66 in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The official record: Phillips 66’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Phillips 66's acquisitions?: Phillips 66 (PSX) reported acquisitions of $66M in Q1 2026.
What is the long-term trend for Phillips 66's acquisitions?: Over 2 years (2022 to 2025), Phillips 66's acquisitions has grown at a 238.6% compound annual growth rate (CAGR), from $306M to $3.51B.
What does acquisitions mean?: Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.