What is Phillips 66's change in inventories?

Phillips 66 (PSX) reported change in inventories of $1.66B in Q1 2026.

How has Phillips 66's change in inventories changed year-over-year?

Phillips 66's change in inventories increased by 36.6% year-over-year, from $1.21B to $1.66B.

What is the long-term trend for Phillips 66's change in inventories?

Over 2 years (2021 to 2025), Phillips 66's change in inventories has grown at a -44.0% compound annual growth rate (CAGR), from -$511M to -$160M.

What does change in inventories mean?

Increase or decrease in inventory levels, directly affecting operating cash flow and working capital.

Phillips 66 PSX Change in Inventories

Change in Inventories at other companies

Cabot CorporationCBT

-$2M-125%

Travel + LeisureTNL

$78M+1,400%

Warrior Met CoalHCC

$15.61M+302%

SOL

SOLSSOLS

-$8M-121%

Aebi Schmidt Holding AG Common StockAEBI

$35.78M+53.0%

Envista Holdings CorporationNVST

$9.6M-5.0%

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$67.78B+44.5%

P/E16.4×-10.9×

P/S0.5×+0.1×

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:IncreaseDecreaseInInventories.

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 change in inventories?: Phillips 66 (PSX) reported change in inventories of $1.66B in Q1 2026.
How has Phillips 66's change in inventories changed year-over-year?: Phillips 66's change in inventories increased by 36.6% year-over-year, from $1.21B to $1.66B.
What is the long-term trend for Phillips 66's change in inventories?: Over 2 years (2021 to 2025), Phillips 66's change in inventories has grown at a -44.0% compound annual growth rate (CAGR), from -$511M to -$160M.
What does change in inventories mean?: Increase or decrease in inventory levels, directly affecting operating cash flow and working capital.