Phillips 66 LIFO Inventory Amount increased by 36.2% to $6.08B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 29.5%, from $4.69B to $6.08B. Over 5 years (FY 2020 to FY 2025), LIFO Inventory Amount shows an upward trend with a 5.8% CAGR.
Changes reflect the impact of inventory price inflation or deflation on the company's reported cost of goods sold and tax liabilities.
This metric reflects the value of inventory calculated using the Last-In, First-Out (LIFO) accounting method. It is used...
Commonly used by US-based refiners to manage tax exposure during periods of volatile commodity prices.
other_lifo_inventory_amount| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $4.17B | $3.83B | $2.79B | $3.92B | $4.01B | $3.66B | $2.64B | $4.84B | $5.80B | $5.14B | $3.05B | $5.70B | $5.93B | $5.49B | $3.44B | $4.69B | $5.05B | $5.86B | $4.46B | $6.08B |
| QoQ Change | — | -8.2% | -27.1% | +40.5% | +2.1% | -8.6% | -28.0% | +83.6% | +19.9% | -11.4% | -40.7% | +86.8% | +4.1% | -7.4% | -37.3% | +36.3% | +7.6% | +16.1% | -23.9% | +36.2% |
| YoY Change | — | — | — | — | -4.0% | -4.3% | -5.6% | +23.3% | +44.8% | +40.4% | +15.7% | +17.8% | +2.2% | +6.8% | +12.9% | -17.6% | -14.8% | +6.8% | +29.6% | +29.5% |