What does chemicals — net properties, plants and equipment mean?

The book value of the chemicals segment's physical assets, calculated as gross PP&E minus accumulated depreciation and amortization. This figure represents the current carrying value of the segment's productive infrastructure on the balance sheet.

Phillips 66 PSX Chemicals — Net properties, plants and equipment

Other segment segments

Midstream

$23.93B+12.1%

Refining

$11.93B+18.3%

Renewable Fuels

$2B-1.7%

Marketing And Specialties Segment

$473M-43.1%

Similar metrics at other companies

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

$271M-0.4%

ASHIntermediates And Solvents — PP&E (Net)

$30M—

KNSAPharmaceutical — PP&E (Net)

$1.99M—

STAACH — PP&E (Net)

$17.18M+4.8%

ACDCManufacturing — PP&E (Net)

$40.5M-48.3%

ASHLife Sciences — PP&E (Net)

$468M—

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:PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization.

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 — net properties, plants and equipment?: Phillips 66 (PSX) reported chemicals — net properties, plants and equipment of $0 in Q1 2026.
What does chemicals — net properties, plants and equipment mean?: The book value of the chemicals segment's physical assets, calculated as gross PP&E minus accumulated depreciation and amortization. This figure represents the current carrying value of the segment's productive infrastructure on the balance sheet.