What is Phillips 66's chemicals — interest and debt expense?

Phillips 66 (PSX) reported chemicals — interest and debt expense of $0 in Q1 2026.

What does chemicals — interest and debt expense mean?

Represents the interest costs allocated to the debt financing of the Chemicals segment's operations or specific projects. This metric highlights the cost of capital required to maintain the segment's asset base and growth initiatives. It is a key component in evaluating the segment's standalone financial leverage and interest coverage.

Phillips 66 PSX Chemicals — Interest and Debt Expense

Other segment segments

M&S

$0—

Midstream

$0—

Refining

$0—

Renewable Fuels

$0—

Similar metrics at other companies

IMOChemical — Financing

$0—

OTT

OTTRPlastics — Interest Expense

$146K0.0%

DBRGReporting Segment — Interest Expense, Debt

$3.54M-9.1%

BHFCorporate Segment and Other Operating Segment — Interest on Debt

$38M0.0%

SRPTAll Other Segments — Interest Expense

$21.71M+382%

AEPAll Other Segments — Interest Expense

$45.2M-7.9%

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:InterestAndDebtExpense.

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

Ask your AI about Phillips 66's chemicals — interest and debt expense.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Phillips 66's chemicals — interest and debt expense?: Phillips 66 (PSX) reported chemicals — interest and debt expense of $0 in Q1 2026.
What does chemicals — interest and debt expense mean?: Represents the interest costs allocated to the debt financing of the Chemicals segment's operations or specific projects. This metric highlights the cost of capital required to maintain the segment's asset base and growth initiatives. It is a key component in evaluating the segment's standalone financial leverage and interest coverage.