Phillips 66 PSX Asset Retirement Obligation
Asset Retirement Obligation at other companies
Other financials
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.