Phillips 66 PSX Contract Assets
Contract Assets at other companies
Other financials
Where this comes from
Reported directly by Phillips 66 in its filing.
Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetGross.
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 contract assets?
- Phillips 66 (PSX) reported contract assets of $852M in Q1 2026.
- How has Phillips 66's contract assets changed year-over-year?
- Phillips 66's contract assets increased by 29.3% year-over-year, from $659M to $852M.
- What is the long-term trend for Phillips 66's contract assets?
- Over 5 years (2020 to 2025), Phillips 66's contract assets has grown at a 15.2% compound annual growth rate (CAGR), from $404M to $820M.
- What does contract assets mean?
- Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.