What is Phillips 66's chemicals — gross PP&E?

Phillips 66 (PSX) reported chemicals — gross PP&E of $0 in Q1 2026.

What does chemicals — gross PP&E mean?

Represents the total historical cost of all property, plant, and equipment assets currently held within the chemicals business segment. This metric reflects the cumulative capital investment in manufacturing facilities, infrastructure, and machinery required to support chemical production operations.

Phillips 66 PSX Chemicals — Gross PP&E

Similar metrics at other companies

DDPP&E (Gross)

$7.03B+1.4%

IMOChemical — Property, plant and equipment, less accumulated depreciation and depletion

$271M-0.4%

NGVTPerformance Chemicals — Total capital expenditures

$4M+233%

ARPP&E (Gross)

$18.17B+17.6%

KOPPerformance Chemicals — Capital expenditures:

$2.8M-20.0%

ESIPP&E (Net)

$403.3M+42.1%

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$68.86B+35.5%

P/E16.7×-10.7×

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:PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization.

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 chemicals — gross PP&E?: Phillips 66 (PSX) reported chemicals — gross PP&E of $0 in Q1 2026.
What does chemicals — gross PP&E mean?: Represents the total historical cost of all property, plant, and equipment assets currently held within the chemicals business segment. This metric reflects the cumulative capital investment in manufacturing facilities, infrastructure, and machinery required to support chemical production operations.