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Phillips 66 PSX Accrual for Environmental Loss Contingencies

Accrual for Environmental Loss Contingencies at other companies

Williams Companies logo
Williams CompaniesWMB
$42M-4.5%
O-I Glass logo
O-I GlassOI
$4M
Carrier Global logo
Carrier GlobalCARR
$198M-3.9%
Phillips 66 logo
Phillips 66PSX
$487M+12.0%
Rockwell Automation logo
Rockwell AutomationROK
$49M+2.1%
Ashland logo
AshlandASH
$8M-27.3%

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$68.86B+35.5%
P/E16.7×-10.7×
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:AccrualForEnvironmentalLossContingencies.

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 accrual for environmental loss contingencies?
Phillips 66 (PSX) reported accrual for environmental loss contingencies of $487M in Q1 2026.
How has Phillips 66's accrual for environmental loss contingencies changed year-over-year?
Phillips 66's accrual for environmental loss contingencies increased by 12.0% year-over-year, from $435M to $487M.
What is the long-term trend for Phillips 66's accrual for environmental loss contingencies?
Over 5 years (2020 to 2025), Phillips 66's accrual for environmental loss contingencies has grown at a 3.5% compound annual growth rate (CAGR), from $427M to $506M.
What does accrual for environmental loss contingencies mean?
This reflects the estimated liability for environmental remediation costs arising from past operations, such as soil or groundwater contamination. It is distinct from asset retirement obligations as it relates to potential cleanup of existing environmental damage. These accruals are updated as new information regarding remediation requirements becomes available.