Phillips 66 Asset retirement obligations and accrued environmental costs decreased by 3.0% to $991.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 13.9%, from $1.15B to $991.00M. Over 5 years (FY 2020 to FY 2025), Asset retirement obligations and accrued environmental costs shows an upward trend with a 9.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.
An increase reflects expanded operational footprint or updated environmental regulatory requirements, impacting long-term liability profiles.
The estimated liability for the future costs of dismantling, removing, and restoring sites at the end of an asset's usef...
Common in energy and industrial sectors; peers with similar asset bases will have comparable long-term environmental liability profiles.
non_current_liabilities_asset_retirement_obligations_and_53435e| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $694.00M | $680.00M | $727.00M | $716.00M | $708.00M | $862.00M | $879.00M | $872.00M | $876.00M | $869.00M | $864.00M | $919.00M | $939.00M | $1.10B | $1.13B | $1.15B | $983.00M | $1.05B | $1.02B | $991.00M |
| QoQ Change | — | -2.0% | +6.9% | -1.5% | -1.1% | +21.8% | +2.0% | -0.8% | +0.5% | -0.8% | -0.6% | +6.4% | +2.2% | +17.4% | +2.5% | +1.9% | -14.6% | +6.5% | -2.4% | -3.0% |
| YoY Change | — | — | — | — | +2.0% | +26.8% | +20.9% | +21.8% | +23.7% | +0.8% | -1.7% | +5.4% | +7.2% | +26.8% | +30.7% | +25.2% | +4.7% | -5.0% | -9.5% | -13.9% |