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

Screener

Other segment segments

Midstream

$24.46B+3.3%

Refining

$11.94B+20.7%

Renewable Fuels

$1.98B-1.9%

Marketing And Specialties Segment

$476M+0.8%

Similar metrics at other companies

ENSUnited States Plans — Property, plant, and equipment, net

$415.26M-1.7%

ENSOther — Property, plant, and equipment, net

$14.03M+10.9%

ENSSpecialty — Property, plant, and equipment, net

$324.58M+37.0%

COOEurope — Property, plant and equipment, net

$429.1M+6.8%

HSYOther — Property, plant and equipment, net

$562.11M+5.4%

MRNAEurope — Property, plant and equipment, net

$303M+7.1%

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:PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization.

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 / June 30, 2026 / Gross PP&E	Millions of Dollars / June 30, 2026 / Accum.D&A	Millions of Dollars / June 30, 2026 / Net PP&E	Millions of Dollars / December 31, 2025 / Gross PP&E	Millions of Dollars / December 31, 2025 / Accum.D&A	Millions of Dollars / December 31, 2025 / Net PP&E
Midstream	$30,851	6,391	24,460	29,558	5,771	23,787
Chemicals	—	—	—	—	—	—
Refining	22,880	10,940	11,940	25,955	13,685	12,270
Marketing and Specialties	1,038	562	476	1,014	543	471
Renewable Fuels	3,792	1,813	1,979	3,772	1,762	2,010
Corporate and Other	4,598	3,804	794	1,492	933	559
	$63,159	23,510	39,649	61,791	22,694	39,097

Item 1. FINANCIAL STATEMENTS

FAQ

What is Phillips 66's chemicals — net properties, plants and equipment?: Phillips 66 (PSX) reported chemicals — net properties, plants and equipment of $0 in Q2 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.