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Phillips 66 PSX M&S — Selling, General and Administrative Expense
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Where this comes from
Reported directly by Phillips 66 in its filing.
Tagged under the XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense.
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 / Operating Segments / Midstream | Millions of Dollars / Operating Segments / Chemicals | Millions of Dollars / Operating Segments / Refining | Millions of Dollars / Operating Segments / M&S | Millions of Dollars / Operating Segments / Renewable Fuels | Millions of Dollars / Corporate and Other | Millions of Dollars / Consolidating Adjustments | Millions of Dollars / Total Consolidated |
|---|---|---|---|---|---|---|---|---|
| Costs and Expenses | ||||||||
| Purchased crude oil and products | 4,639 | — | 31,453 | 31,354 | 2,074 | — | (25,856) | 43,664 |
| Operating expenses* | 568 | 1 | 1,144 | 22 | 79 | 27 | (31) | 1,810 |
| Selling, general and administrative expenses* | 54 | (2) | 25 | 332 | 19 | 110 | — | 538 |
| Depreciation and amortization | 284 | — | 221 | 26 | 24 | 30 | — | 585 |
| Impairments | — | — | 1 | — | — | 8 | — | 9 |
| Taxes other than income taxes | 60 | — | 88 | 2 | (41) | 18 | — | 127 |
| Interest and debt expense | — | — | — | — | — | 314 | — | 314 |
Item 1. FINANCIAL STATEMENTS
FAQ
- What is Phillips 66's M&S — selling, general and administrative expense?
- Phillips 66 (PSX) reported M&S — selling, general and administrative expense of $332M in Q2 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 0.6% year-over-year, from $334M to $332M.
- 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.
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