What is Phillips 66's chemicals — taxes other than income taxes?

Phillips 66 (PSX) reported chemicals — taxes other than income taxes of $0 in Q1 2026.

What does chemicals — taxes other than income taxes mean?

Includes taxes such as property taxes, payroll taxes, and production-related levies specific to the Chemicals segment, excluding corporate income taxes. This metric provides insight into the regulatory and fiscal burden imposed on the segment's physical operations. It is useful for assessing the impact of local and state tax environments on segment profitability.

Phillips 66 PSX Chemicals — Taxes other than income taxes

Other segment segments

Refining

$106M-3.6%

Midstream

$75M+23.0%

Renewable Fuels

$31M-11.4%

M&S

$9M—

Similar metrics at other companies

MTD

MTDRTaxes other than income

$68.91M+2.6%

AVATaxes Other Than Income Taxes

$35M-2.8%

SRTaxes Other Than Income Taxes

$83.1M+9.5%

SLVMTaxes other than income taxes and other – net

$8M+100%

BKVTaxes other than income taxes and other – net

$20.2M+36.6%

UTLTaxes Other Than Income Taxes

$9.1M+15.2%

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:TaxesExcludingIncomeAndExciseTaxes.

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 — taxes other than income taxes?: Phillips 66 (PSX) reported chemicals — taxes other than income taxes of $0 in Q1 2026.
What does chemicals — taxes other than income taxes mean?: Includes taxes such as property taxes, payroll taxes, and production-related levies specific to the Chemicals segment, excluding corporate income taxes. This metric provides insight into the regulatory and fiscal burden imposed on the segment's physical operations. It is useful for assessing the impact of local and state tax environments on segment profitability.