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Phillips 66 PSX Cost And Expenses

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Segments

By segment

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Refining$32.95B+79.4%
M&S$20.81B
Midstream$5.61B+26.8%
Renewable Fuels$2.15B+20.3%
Chemicals-$1M

Other financials

Income statement

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Revenue$51.0B+53.1%
Gross profit$7.3B+72.9%
Net income$3.8B+339%
EPS (diluted)$9.55+344%

Balance sheet

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Cash & equivalents$4.1B+290%
Total debt$20.6B
Total equity$31.5B+14.6%
Total assets$81.8B+7.7%

Cash flow

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Operating cash flow$7.3B+759%

Valuation

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Market cap$81.36B+70.1%
Enterprise value$97.83B
P/E11.5×-16.4×
P/S0.5×+0.2×

Profitability

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Gross margin13.1%+3.1pp
Net margin4.7%+3.4pp

Returns & leverage

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Return on equity24%+18.0pp
Debt / equity0.7×
Current ratio1.3×+0.2×

Where this comes from

Reported directly by Phillips 66 in its filing.

Tagged under the XBRL concept psx:CostAndExpenses.

The source filing: Phillips 66’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:43 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001534701-26-000032
Line itemMillions of Dollars / Three Months Ended June 30 / 2026Millions of Dollars / 2025Millions of Dollars / Six Months Ended June 30 / 20262025
Accretion on discounted liabilities13102522
Interest and debt expense314264600485
Foreign currency transaction (gains) losses13(9)23(15)
Total Costs and Expenses47,07332,40279,81563,480
Income before income taxes4,9711,1205,2311,768
Income tax expense1,0922121,133334
Net Income3,8799084,0981,434
Less: net income attributable to noncontrolling interests32314470

Item 1. FINANCIAL STATEMENTS

FAQ

What is Phillips 66's cost and expenses?
Phillips 66 (PSX) reported cost and expenses of $47.07B in Q2 2026.
How has Phillips 66's cost and expenses changed year-over-year?
Phillips 66's cost and expenses increased by 45.3% year-over-year, from $32.4B to $47.07B.
What is the long-term trend for Phillips 66's cost and expenses?
Over 4 years (2021 to 2025), Phillips 66's cost and expenses has grown at a 3.8% compound annual growth rate (CAGR), from $113.11B to $131.14B.
What does cost and expenses mean?
This represents the aggregate of all operating costs, including cost of goods sold, selling, general, and administrative expenses, and other operational outlays. It serves as a comprehensive measure of the total resources consumed to generate revenue during the period. Analyzing this metric helps evaluate the company's overall cost structure and operational efficiency.

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