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

Phillips 66 (PSX) reported chemicals — D&A of $0 in Q1 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

Other segment segments

Midstream

$274M+17.6%

Refining

$215M-52.9%

Renewable Fuels

$23M0.0%

M&S

$20M—

Similar metrics at other companies

KOPPerformance Chemicals — D&A

$4.3M+13.2%

CBTPerformance Chemicals — D&A

$21M+7.7%

KOPCarbon Materials and Chemicals — D&A

$6.9M+21.1%

EMND&A

$131M+4.0%

EMNChemical Intermediates — Depreciation, Depletion and Amortization

$25M+4.2%

DOWPerformance Materials & Coatings — D&A

$181M-9.5%

Other financials

Income statement

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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

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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

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

Valuation

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Market cap$67.61B+33.0%

P/E16.4×-11.0×

P/S0.5×+0.1×

Profitability

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Gross margin12.5%+3.4pp

Net margin3.1%+1.7pp

Returns & leverage

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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:DepreciationDepletionAndAmortization.

The official record: Phillips 66’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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What is Phillips 66's chemicals — D&A?: Phillips 66 (PSX) reported chemicals — D&A of $0 in Q1 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.