What is Phillips 66's chemicals — D&A?

Phillips 66 (PSX) reported chemicals — D&A of $0 in Q2 2026.

What does chemicals — D&A mean?

Reflects the systematic allocation of the cost of tangible and intangible assets used in the Chemicals segment over their useful lives. This non-cash expense accounts for the wear and tear of chemical production facilities and equipment. It is essential for understanding the capital intensity and asset replacement cycle of the segment.

Phillips 66 (PSX) Chemicals — D&A

Screener

Other segment segments

Midstream

$284M+9.2%

Refining

$221M-50.1%

M&S

$33M—

Renewable Fuels

$24M+4.3%

Similar metrics at other companies

CBTPerformance Chemicals — D&A

$21M+7.7%

ACNTSpecialty Chemicals — D&A

$157K-19.9%

VHI

VHIChemicals — D&A

$16.3M+4.5%

KOPPerformance Chemicals — D&A

$4M-2.4%

KOPCarbon Materials and Chemicals — D&A

$5.7M+5.6%

MYRGT&D — D&A

$15.92M+11.7%

Other financials

Income statement

See full

Revenue$51.0B+53.1%

Gross profit$7.3B+72.9%

Net income$3.8B+339%

EPS (diluted)$9.55+344%

Balance sheet

See full

Cash & equivalents$4.1B+290%

Total debt$20.6B—

Total equity$31.5B+14.6%

Total assets$81.8B+7.7%

Cash flow

See full

Operating cash flow$7.3B+759%

Valuation

See full

Market cap$81.36B+70.1%

Enterprise value$97.83B—

P/E11.5×-16.4×

P/S0.5×+0.2×

Profitability

See full

Gross margin13.1%+3.1pp

Net margin4.7%+3.4pp

Returns & leverage

See full

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 us-gaap:DepreciationDepletionAndAmortization.

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 item	Millions of Dollars / Three Months Ended June 30 / 2026	Millions of Dollars / 2025	Millions of Dollars / Six Months Ended June 30 / 2026	2025
Purchased crude oil and products	43,664	29,077	72,880	56,737
Operating expenses	1,810	1,440	3,691	3,062
Selling, general and administrative expenses	538	582	1,075	1,101
Depreciation and amortization	585	816	1,143	1,607
Impairments	9	4	17	30
Taxes other than income taxes	127	218	361	451
Accretion on discounted liabilities	13	10	25	22
Interest and debt expense	314	264	600	485

Item 1. FINANCIAL STATEMENTS

FAQ

What is Phillips 66's chemicals — D&A?: Phillips 66 (PSX) reported chemicals — D&A of $0 in Q2 2026.
What does chemicals — D&A mean?: Reflects the systematic allocation of the cost of tangible and intangible assets used in the Chemicals segment over their useful lives. This non-cash expense accounts for the wear and tear of chemical production facilities and equipment. It is essential for understanding the capital intensity and asset replacement cycle of the segment.