Other

Asset retirement obligations and accrued environmental costs

Phillips 66 Asset retirement obligations and accrued environmental costs increased by 41.1% to $422.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 41.1%, from $299.00M to $422.00M. Over 5 years (FY 2020 to FY 2025), Asset retirement obligations and accrued environmental costs shows an upward trend with a 29.9% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementBalance Sheet Statement
SectionOther
CategoryRisk
SignalHigher is better
VolatilityModerate
First reportedQ4 2014
Last reportedQ4 2025

How to read this metric

An increase reflects higher accrued environmental liabilities, which will provide tax relief upon future payment.

Detailed definition

This metric captures deferred tax assets related to reserves for asset retirement obligations (AROs) and environmental c...

Peer comparison

Highly relevant for energy and industrial companies with significant decommissioning and environmental remediation obligations.

Metric ID: other_deferred_tax_assets_tax_deferred_expense_reserves__a95ade

Historical Data

5 periods
 Q4 '21Q4 '22Q4 '23Q4 '24Q4 '25
Value$120.00M$137.00M$127.00M$299.00M$422.00M
QoQ Change—+14.2%-7.3%+135.4%+41.1%
YoY Change—+14.2%-7.3%+135.4%+41.1%
Range$120.00M – $422.00M
CAGR+251.7%
Avg YoY Growth+45.9%
Median YoY Growth+27.7%
Current Streak2 quarters growth

Frequently Asked Questions

What is Phillips 66's asset retirement obligations and accrued environmental costs?
Phillips 66 (PSX) reported asset retirement obligations and accrued environmental costs of $422.00M in Q4 2025.
How has Phillips 66's asset retirement obligations and accrued environmental costs changed year-over-year?
Phillips 66's asset retirement obligations and accrued environmental costs increased by 41.1% year-over-year, from $299.00M to $422.00M.
What is the long-term trend for Phillips 66's asset retirement obligations and accrued environmental costs?
Over 5 years (2020 to 2025), Phillips 66's asset retirement obligations and accrued environmental costs has grown at a 29.9% compound annual growth rate (CAGR), from $114.00M to $422.00M.
What does asset retirement obligations and accrued environmental costs mean?
Future tax savings expected when the company pays for environmental cleanup or asset retirement costs.