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Phillips 66 Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Phillips 66 holds $84.1B in total assets. Cash and equivalents total $5.2B. The current ratio is 1.13. Based on the Q1 2026 filing.

Total Assets$84.1BTotal Stockholders Equity$28.5BLong Term Debt$19.5BCash And Equivalents$5.2BTotal Current Assets$27.4BTotal Current Liabilities$24.2B
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$71.2B
P/E Ratio17.28
ROE14.78%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable-$593.0M$384.0M$691.0M-$669.0M-$1.2B$3.0B
Accrued Environmental Liabilities43900000000.0%43500000000.0%45300000000.0%52100000000.0%50600000000.0%48700000000.0%
Other accrued liabilities$1.2B$1.5B$1.7B$1.7B$1.4B$2.3B
Derivative Liabilities - Fair Value$2.1B$3.1B$4.7B$2.4B$2.7B$25.4B
Income taxes payable$1.1B$1.2B$1.5B$1.4B$1.4B$1.2B
Total current liabilities$15.1B$14.9B$19.7B$17.9B$13.3B$24.2B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$11.0B$10.2B$11.3B$10.5B$9.8B$11.9B
Allowance for Doubtful Accounts$70.0M$70.0M$70.0M$73.0M$68.0M$66.0M
Cash and cash equivalents$1.7B$1.5B$1.1B$1.8B$1.1B$5.2B
Contract assets$643.0M$659.0M$730.0M$769.0M$820.0M$852.0M
Derivative Assets - Fair Value$2.1B$3.1B$4.7B$2.4B$2.7B$25.4B
Inventories$4.0B$5.2B$5.6B$6.4B$5.1B$6.7B
Other Inventory, Net$448.0M$449.0M$467.0M$472.0M$568.0M$582.0M
Prepaid expenses and other current assets$1.1B$1.3B$1.5B$1.6B$1.3B$3.6B
Total current assets$17.9B$18.3B$21.1B$22.0B$17.3B$27.4B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated other comprehensive income (loss)-$407.0M-$313.0M-$118.0M-$163.0M-$167.0M-$231.0M
Additional paid-in capital$19.8B$19.8B$19.8B$19.9B$19.9B$20.0B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$7.0M$7.0M$7.0M$7.0M$7.0M$7.0M
Retained earnings$30.8B$30.8B$31.2B$30.8B$33.2B$32.9B
Total liabilities and stockholders' equity$72.6B$71.8B$75.9B$76.1B$73.7B$84.1B
Total stockholders' equity$27.4B$27.3B$27.5B$26.9B$29.1B$28.5B
Treasury stock$22.8B$23.0B$23.4B$23.7B$23.9B$24.2B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Credits$1.9B$2.0B$1.9B$2.3B$2.5B$2.6B
Defined Benefit Pension Plan Liabilities (Non-Current)$703.0M$690.0M$611.0M$562.0M$573.0M$562.0M
Long-Term Debt and Finance Lease Obligations$18.2B$17.7B$17.2B$19.2B$18.7B$18.7B
Asset retirement obligations and accrued environmental costs$1.1B$1.2B$983.0M$1.0B$1.0B$991.0M
Employee Benefit Obligations Current$732.0M$372.0M$441.0M$581.0M$680.0M$398.0M
Retirement and nonpension postretirement benefit obligations$703.0M$690.0M$611.0M$562.0M$573.0M$562.0M
Total liabilities$20.9B$20.9B$24.7B$23.4B$21.4B$53.5B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Tax Assets and Other Non-Current Assets$299.0M$2.5B$2.4B$2.8B$246.0M$3.1B
Goodwill$1.6B$1.6B$1.4B$1.4B$1.4B$1.4B
Indefinite-Lived Intangible Assets$612.0M———$527.0M—
Indefinite-Lived Intangible Assets, Gross$612.0M———$527.0M—
Indefinite-Lived Research and Development Assets$612.0M———$527.0M—
Indefinite-Lived Trademarks$612.0M———$527.0M—
Intangible assets — net$549.0M———$450.0M—
Other intangible assets—net$1.2B$1.2B$1.1B$1.0B$978.0M$969.0M
Investments$14.0B$13.0B$13.0B$12.1B$11.4B$11.5B
Investments and long-term receivables$14.4B$13.4B$13.3B$12.5B$11.9B$12.0B
Other non-current assets$2.3B$2.5B$2.4B$2.8B$3.0B$3.1B
Property, plant and equipment, net$35.3B$35.0B$36.7B$36.4B$39.1B$39.1B
Other Investments$191.0M———$177.0M—
Accumulated depreciation$20.7B$21.4B$21.5B$22.2B$22.7B$23.1B
Total property and equipment, gross$56.0B$56.4B$58.1B$58.6B$61.8B$62.3B
Software and Technology Licenses, Net$2.3B$2.5B$2.4B$2.8B$3.0B$3.1B
Total assets$72.6B$71.8B$75.9B$76.1B$73.7B$84.1B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts and notes receivable, percent outstanding less than 60 days95.0%95.0%95.0%95.0%95.0%95.0%
Accounts receivable$8.6B$8.0B$9.0B$8.6B$7.8B$9.3B
Accrual for Environmental Loss Contingencies$439.0M$435.0M$453.0M$521.0M$506.0M$487.0M
Allowance for doubtful accounts$70.0M$70.0M$70.0M$73.0M$68.0M$66.0M
Asset, Fair Value Amount Offset Against Collateral$355.0M$268.0M$376.0M$414.0M$304.0M$827.0M
Asset Retirement Obligation$771.0M———$721.0M—
Asset Retirement Obligation And Accrual For Environmental Loss Contingencies, Current$81.0M———$205.0M—
Long-term asset retirement obligations and accrued environmental costs$1.1B———$1.0B—
Asset Retirement Obligation And Accrual For Environmental Loss Contingencies$1.2B———$1.2B—
Cash and cash equivalents, end of period$1.7B$1.5B$1.1B$2.0B$1.1B$5.2B
Common stock, par value (in dollars per share)$0.01$0.01$0.01$0.01$0.01$0.01
Common stock, shares authorized (in shares)2.5B2.5B2.5B2.5B2.5B2.5B
Common stock, shares issued (in shares)657M658.2M658.3M659.1M659.4M660.9M
Contract with Customer, Liability$232.0M$203.0M$208.0M$215.0M$198.0M$210.0M
Short-term debt and current portion of long-term debt$1.8B$1.1B$3.7B$2.6B$1.0B$8.4B
Deferred Tax Liabilities, Gross$8.2B———$8.4B—
Deferred income taxes$7.1B$7.0B$7.0B$7.0B$7.3B$7.4B
Deferred Tax Assets, Gross$1.3B———$1.3B—
Deferred Tax Assets, Net of Valuation Allowance$1.2B———$1.1B—
Loss and credit carryforwards$162.0M———$209.0M—
Compensation and benefits$355.0M———$296.0M—
Allowance for unfunded lending related commitments$91.0M———$72.0M—
Asset retirement obligations and accrued environmental costs$299.0M———$422.0M—
Deferred Tax Assets, Valuation Allowance$137.0M———$160.0M—
Deferred Tax Liabilities, Net$7.0B———$7.3B—
Equity investments$1.9B———$1.1B—
Investment in subsidiaries$2.5B———$3.2B—
Deferred Tax Liabilities, Other$318.0M———$342.0M—
Properties, plants and equipment, and intangibles$3.5B———$3.7B—
Deferred tax liabilities not recognized to unremitted earnings indefinitely reinvested$1.7B———$1.8B—
Defined benefit plan, amortization percentage10.0%———10.0%—
Less: Fair value of plan assets at end of period$190.0M———$235.0M—
Derecognized Assets Securitized Or Assetbacked Financing Arrangement Assets And Any Other Financial Assets Managed Together Principal Amount Outstanding————$195.0M$292.0M
Difference in Carrying Value and Fair Value$0.0$0.0$0.0$0.0$0.0$0.0
Derivative Asset, Subject to Master Netting Arrangement, Liability Offset$2.1B$3.1B$4.7B$2.4B$2.7B$25.4B
Securities Collateral Held /Pledged Under Master Netting Agreements$0.0$0.0$0.0$1.0M$0.0$0.0
Derivative Liability, Subject to Master Netting Arrangement, Collateral, Right to Reclaim Cash Offset$62.0M$121.0M$70.0M$31.0M$20.0M$1.5B
Derivative Liability, Subject to Master Netting Arrangement, Asset Offset$2.1B$3.1B$4.7B$2.4B$2.7B$25.4B
Equity method investments (Note 11)$14.0B———$11.4B—
Percentage of derivative contract volume expiring within twelve months90.0%90.0%90.0%90.0%90.0%90.0%
Estimated excess of current replacement cost over LIFO cost of inventories$4.9B$5.4B$4.5B$4.5B$3.6B$10.5B
2027$44.0M———$49.0M—
Difference in Carrying Value and Fair Value$1.0B$890.0M$915.0M$551.0M$621.0M$800.0M
Financial And Nonfinancial Liability, Fair Value, Amount Offset Against Collateral$19.7B$18.5B$20.8B$21.5B$19.4B$27.4B
Finite-Lived Intangible Assets, Accumulated Amortization$408.0M———$462.0M—
Estimated future amortization expense (less than)$50.0M———$50.0M—
Trademarks$612.0M———$527.0M—
Energy Related Inventory, Crude Oil, Products and Merchandise$3.5B$4.8B$5.1B$5.9B$4.5B$6.1B
LIFO Inventory Amount$3.4B$4.7B$5.1B$5.9B$4.5B$6.1B
Loans and long-term receivables$174.0M———$303.0M—
Long-Term Debt and Lease Obligation$18.2B$17.7B$17.2B$19.2B$18.7B$18.7B
2028$1.6B———$1.3B—
2029$1.3B———$1.3B—
2029$1.2B———$1.2B—
2030$1.3B———$1.2B—
Noncontrolling interests in subsidiaries$1.1B$1.1B$1.1B$1.2B$1.1B$1.2B
Long-Lived Assets$49.6B———$51.0B—
Prepaid expenses and other current assets$20.0M———$0.0—
Other assets$1.3B———$1.8B—
Preferred Stock, Par or Stated Value Per Share$0.01———$0.01—
Preferred Stock, Shares Authorized500M———500M—
Preferred Stock, Shares Outstanding0———0—
Retained earnings related to undistributed earnings of affiliated companies$3.7B———$3.7B—
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied$566.0M$579.0M$927.0M$894.0M$854.0M$819.0M
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price$88.93———$89.89—
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price$87.62———$89.12—
Vested————$109.0M—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number4.1M———2.8M—
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number3.9M———2.8M—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price$89.32———$90.11—
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number3.2M———2.6M—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value————$103.0M—
Software obligations$17.0M———$34.0M—
Aggregate Available—————9K
Treasury stock, shares (in shares)248.6M250.6M254.1M256.2M258.3M260M
Unrecognized tax benefits$88.0M———$88.0M—
Penalties and interest accrued on unrecognized tax benefits$1.0M———$1.0M—
Amount that if recognized, would affect the effective tax rate or regulatory liability$87.0M———$87.0M—
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Two$315.0M———$315.0M—
2025$315.0M———$315.0M—
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Four$315.0M———$315.0M—
Purchase commitments, Due in 2027$315.0M———$315.0M—
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Three$315.0M———$315.0M—
Unrecorded Unconditional Purchase Obligation - Due After Year Five$369.0M———$54.0M—