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Phillips 66 PSX Asset Retirement Obligation

Asset Retirement Obligation at other companies

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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:AssetRetirementObligation.

The official record: Phillips 66’s 10-K, filed February 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Phillips 66's asset retirement obligation?
Phillips 66 (PSX) reported asset retirement obligation of $721M in Q4 2025.
How has Phillips 66's asset retirement obligation changed year-over-year?
Phillips 66's asset retirement obligation decreased by 6.5% year-over-year, from $771M to $721M.
What is the long-term trend for Phillips 66's asset retirement obligation?
Over 5 years (2020 to 2025), Phillips 66's asset retirement obligation has grown at a 18.5% compound annual growth rate (CAGR), from $309M to $721M.
What does asset retirement obligation mean?
This represents the estimated legal liability associated with the future retirement or decommissioning of long-lived assets, such as refineries or pipelines. It requires the company to recognize the present value of these future costs as a liability. This is highly significant for energy companies due to environmental regulations regarding site restoration.