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Phillips 66 PSX Chemicals — Other Cost and Expense, Operating

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$1.14B+34.9%
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Marketing and Specialties
-$250K

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Other financials

Income statement

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Revenue$51.0B+53.1%
Gross profit$7.3B+72.9%
Net income$3.8B+339%
EPS (diluted)$9.55+344%

Balance sheet

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Cash & equivalents$4.1B+290%
Total debt$20.6B
Total equity$31.5B+14.6%
Total assets$81.8B+7.7%

Cash flow

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Operating cash flow$7.3B+759%

Valuation

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Market cap$81.36B+70.1%
Enterprise value$97.83B
P/E11.5×-16.4×
P/S0.5×+0.2×

Profitability

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Gross margin13.1%+3.1pp
Net margin4.7%+3.4pp

Returns & leverage

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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:OtherCostAndExpenseOperating.

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 itemMillions of Dollars / Operating Segments / MidstreamMillions of Dollars / Operating Segments / ChemicalsMillions of Dollars / Operating Segments / RefiningMillions of Dollars / Operating Segments / M&SMillions of Dollars / Operating Segments / Renewable FuelsMillions of Dollars / Corporate and OtherMillions of Dollars / Consolidating AdjustmentsMillions of Dollars / Total Consolidated
Total Revenues and Other Income6,39340336,01232,3182,698107(25,887)52,044
Costs and Expenses
Purchased crude oil and products4,63931,45331,3542,074(25,856)43,664
Operating expenses*56811,144227927(31)1,810
Selling, general and administrative expenses*54(2)2533219110538
Depreciation and amortization284221262430585
Impairments189
Taxes other than income taxes60882(41)18127

Item 1. FINANCIAL STATEMENTS

FAQ

What is Phillips 66's chemicals — other cost and expense, operating?
Phillips 66 (PSX) reported chemicals — other cost and expense, operating of $1M in Q2 2026.
How has Phillips 66's chemicals — other cost and expense, operating changed year-over-year?
Phillips 66's chemicals — other cost and expense, operating decreased by 0.0% year-over-year, from $1M to $1M.
What is the long-term trend for Phillips 66's chemicals — other cost and expense, operating?
Over 3 years (2022 to 2025), Phillips 66's chemicals — other cost and expense, operating has grown at a -8.0% compound annual growth rate (CAGR), from -$9M to $7M.
What does chemicals — other cost and expense, operating mean?
Represents miscellaneous operating costs and expenses incurred by the Chemicals segment that are not classified under standard categories like cost of goods sold or SG&A. This metric captures operational overheads, maintenance, or incidental charges specific to chemical manufacturing activities. Monitoring this helps identify hidden operational inefficiencies or non-recurring costs within the segment.

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