Phillips 66 Employee Benefit Obligations Current decreased by 41.5% to $398.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 7.0%, from $372.00M to $398.00M. Over 5 years (FY 2020 to FY 2025), Employee Benefit Obligations Current shows an upward trend with a 3.5% CAGR. This is a positive signal — lower values indicate better performance for this metric.
An increase may signal rising labor costs or changes in benefit plan funding requirements, impacting short-term cash flow.
The portion of employee-related liabilities, such as pension plans or post-retirement benefits, that are expected to be...
Varies based on the maturity of the workforce and the structure of pension/benefit plans compared to industry peers.
non_current_liabilities_employee_benefit_obligations_current| 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 | $412.00M | $464.00M | $638.00M | $375.00M | $494.00M | $714.00M | $764.00M | $436.00M | $557.00M | $777.00M | $863.00M | $459.00M | $551.00M | $676.00M | $732.00M | $372.00M | $441.00M | $581.00M | $680.00M | $398.00M |
| QoQ Change | — | +12.6% | +37.5% | -41.2% | +31.7% | +44.5% | +7.0% | -42.9% | +27.8% | +39.5% | +11.1% | -46.8% | +20.0% | +22.7% | +8.3% | -49.2% | +18.5% | +31.7% | +17.0% | -41.5% |
| YoY Change | — | — | — | — | +19.9% | +53.9% | +19.7% | +16.3% | +12.8% | +8.8% | +13.0% | +5.3% | -1.1% | -13.0% | -15.2% | -19.0% | -20.0% | -14.1% | -7.1% | +7.0% |