What is Phillips 66's accumulated depreciation?

Phillips 66 (PSX) reported accumulated depreciation of $23.12B in Q1 2026.

How has Phillips 66's accumulated depreciation changed year-over-year?

Phillips 66's accumulated depreciation increased by 7.8% year-over-year, from $21.44B to $23.12B.

What is the long-term trend for Phillips 66's accumulated depreciation?

Over 5 years (2020 to 2025), Phillips 66's accumulated depreciation has grown at a 6.6% compound annual growth rate (CAGR), from $16.51B to $22.69B.

What does accumulated depreciation mean?

Total accumulated depreciation on property, plant, and equipment since acquisition — represents the consumed portion of asset useful lives.

Phillips 66 PSX Accumulated Depreciation

Accumulated Depreciation at other companies

Cabot CorporationCBT

$2.76B+8.3%

Travel + LeisureTNL

$1.12B+2.5%

HES

Hess MidstreamHESM

$2.06B—

Envista Holdings CorporationNVST

$417.6M+11.4%

Archer AviationACHR

$41.2M+86.4%

Quanex Building ProductsNX

$443.98M+20.7%

Segments

By segment

See full

Refining$11.03B-11.3%

Midstream$5.97B+19.4%

Renewable Fuels$1.79B+5.7%

Marketing And Specialties Segment$556M-57.5%

Chemicals$0—

Other financials

Income statement

See full

Revenue$32.5B+6.9%

Gross profit$3.3B+20.0%

Net income$207.0M-57.5%

EPS (diluted)$0.51-56.8%

Balance sheet

See full

Cash & equivalents$5.2B+246%

Total debt$21.7B+0.7%

Total equity$28.5B+4.6%

Total assets$84.1B+17.0%

Cash flow

See full

Operating cash flow-$2.3B-1,311%

Valuation

See full

Market cap$68.86B+35.5%

P/E16.7×-10.7×

P/S0.5×+0.1×

Profitability

See full

Gross margin12.5%+3.4pp

Net margin3.1%+1.7pp

Returns & leverage

See full

Return on equity14.8%+8.3pp

Debt / equity0.7×0.0×

Current ratio1.1×-0.1×

Where this comes from

Reported directly by Phillips 66 in its filing.

Tagged under the XBRL concept us-gaap:PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization.

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 accumulated depreciation?: Phillips 66 (PSX) reported accumulated depreciation of $23.12B in Q1 2026.
How has Phillips 66's accumulated depreciation changed year-over-year?: Phillips 66's accumulated depreciation increased by 7.8% year-over-year, from $21.44B to $23.12B.
What is the long-term trend for Phillips 66's accumulated depreciation?: Over 5 years (2020 to 2025), Phillips 66's accumulated depreciation has grown at a 6.6% compound annual growth rate (CAGR), from $16.51B to $22.69B.
What does accumulated depreciation mean?: Total accumulated depreciation on property, plant, and equipment since acquisition — represents the consumed portion of asset useful lives.