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Phillips 66 PSX M&S — Selling, General and Administrative Expense

Other segment segments

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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$67.61B+33.0%
P/E16.4×-11.0×
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:SellingGeneralAndAdministrativeExpense.

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 M&S — selling, general and administrative expense?
Phillips 66 (PSX) reported M&S — selling, general and administrative expense of $297M in Q1 2026.
How has Phillips 66's M&S — selling, general and administrative expense changed year-over-year?
Phillips 66's M&S — selling, general and administrative expense decreased by 9.5% year-over-year, from $328M to $297M.
What is the long-term trend for Phillips 66's M&S — selling, general and administrative expense?
Over 3 years (2022 to 2025), Phillips 66's M&S — selling, general and administrative expense has grown at a 6.9% compound annual growth rate (CAGR), from $1.3B to $1.59B.
What does M&S — selling, general and administrative expense mean?
This represents the indirect costs associated with running the Marketing & Specialties segment, including marketing, sales force compensation, corporate overhead allocations, and administrative support. It measures the cost of supporting the segment's commercial activities. High levels relative to revenue may indicate inefficiencies in the sales or administrative structure.