Phillips 66 PSX LIFO Inventory Amount
LIFO Inventory Amount at other companies
Other financials
Where this comes from
Reported directly by Phillips 66 in its filing.
Tagged under the XBRL concept us-gaap:LIFOInventoryAmount.
The official record: Phillips 66’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Phillips 66's LIFO inventory amount?
- Phillips 66 (PSX) reported LIFO inventory amount of $6.08B in Q1 2026.
- How has Phillips 66's LIFO inventory amount changed year-over-year?
- Phillips 66's LIFO inventory amount increased by 29.5% year-over-year, from $4.69B to $6.08B.
- What is the long-term trend for Phillips 66's LIFO inventory amount?
- Over 5 years (2020 to 2025), Phillips 66's LIFO inventory amount has grown at a 5.8% compound annual growth rate (CAGR), from $3.37B to $4.46B.
- What does LIFO inventory amount mean?
- This metric reflects the value of inventory calculated using the Last-In, First-Out (LIFO) accounting method. It is used to match current costs against current revenues, which is particularly relevant in inflationary environments for energy companies. It provides insight into the tax and earnings impact of inventory valuation choices.