Current Assets

Cash & Equivalents

Phillips 66 Cash & Equivalents increased by 361.5% to $5.15B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 245.9%, from $1.49B to $5.15B. Over 5 years (FY 2020 to FY 2025), Cash & Equivalents shows a downward trend with a -15.0% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementBalance Sheet Statement
SectionCurrent Assets
CategoryLiquidity
SignalHigher is better
VolatilityModerate
First reportedQ3 2013
Last reportedQ4 2025

How to read this metric

An increase signals improved liquidity and financial flexibility, while a decrease may indicate heavy capital expenditure, debt repayment, or aggressive share buybacks.

Detailed definition

Represents the most liquid assets on the balance sheet, including physical currency and short-term investments with matu...

Peer comparison

Large-cap technology peers often maintain high cash balances to fund rapid innovation and offset the cyclical nature of consumer electronics.

Metric ID: cash_and_equivalents

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$2.21B$2.90B$3.15B$3.34B$2.81B$3.74B$6.13B$6.97B$3.03B$3.54B$3.32B$1.57B$2.44B$1.64B$1.74B$1.49B$1.05B$1.85B$1.12B$5.15B
QoQ Change+31.3%+8.6%+6.0%-15.8%+33.3%+63.8%+13.6%-56.5%+16.8%-6.1%-52.8%+55.7%-33.0%+6.2%-14.3%-29.3%+75.4%-39.5%+361.5%
YoY Change+27.3%+29.2%+94.9%+108.8%+7.8%-5.5%-45.8%-77.5%-19.3%-53.7%-47.7%-5.2%-57.0%+12.7%-35.8%+245.9%
Range$1.05B$6.97B
CAGR+19.5%
Avg YoY Growth+11.2%
Median YoY Growth-5.3%

Frequently Asked Questions

What is Phillips 66's cash & equivalents?
Phillips 66 (PSX) reported cash & equivalents of $5.15B in Q1 2026.
How has Phillips 66's cash & equivalents changed year-over-year?
Phillips 66's cash & equivalents increased by 245.9% year-over-year, from $1.49B to $5.15B.
What is the long-term trend for Phillips 66's cash & equivalents?
Over 5 years (2020 to 2025), Phillips 66's cash & equivalents has grown at a -15.0% compound annual growth rate (CAGR), from $2.51B to $1.12B.
What does cash & equivalents mean?
Money in the bank and very short-term investments that can be turned into cash almost instantly.