Phillips 66 PSX M&S — Cost And Expenses

Other segment segments

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LMTMFC — Total operating costs and expenses

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Questions, answered.

What is Phillips 66's M&S — cost and expenses?

Phillips 66 (PSX) reported M&S — cost and expenses of $20.46B in Q1 2026.

How has Phillips 66's M&S — cost and expenses changed year-over-year?

Phillips 66's M&S — cost and expenses increased by 5.4% year-over-year, from $19.42B to $20.46B.

What is the long-term trend for Phillips 66's M&S — cost and expenses?

Over 3 years (2022 to 2025), Phillips 66's M&S — cost and expenses has grown at a -9.3% compound annual growth rate (CAGR), from $113.14B to $84.48B.

What does M&S — cost and expenses mean?

This represents the total operating costs incurred by the Marketing & Specialties segment, including raw materials, labor, maintenance, and overhead. It is a primary measure of the segment's operational efficiency and cost management.