Marketing and Specialties — Gross PP&E
Phillips 66 Marketing and Specialties — Gross PP&E increased by 1.5% to $1.03B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 51.9%, from $2.14B to $1.03B. Over 4 years (FY 2021 to FY 2025), Marketing and Specialties — Gross PP&E shows a downward trend with a -8.1% CAGR.
Analysis
How to read this metric
An increase indicates ongoing capital investment and expansion of the asset base within the marketing and specialty products division. A decrease may suggest asset divestitures or the retirement of older infrastructure.
Detailed definition
This metric represents the total historical cost of all tangible assets, such as terminals, retail sites, and distributi...
Peer comparison
Comparable to gross property, plant, and equipment figures reported by other integrated oil and gas companies for their downstream marketing or retail segments.
psx_segment_marketing_and_specialties_segment_gross_pp_eHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.81B | $1.80B | $1.82B | $1.80B | $1.74B | $1.68B | $1.80B | $1.83B | $1.84B | $1.90B | $2.00B | $2.00B | $2.01B | $2.09B | $2.09B | $2.14B | $989.00M | $990.00M | $1.01B | $1.03B |
| QoQ Change | — | -0.2% | +0.9% | -1.0% | -3.6% | -3.5% | +7.4% | +1.6% | +0.7% | +3.3% | +5.0% | +0.2% | +0.7% | +3.6% | +0.3% | +2.2% | -53.7% | +0.1% | +2.4% | +1.5% |
| YoY Change | — | — | — | — | -3.8% | -7.0% | -1.0% | +1.6% | +6.1% | +13.5% | +10.9% | +9.3% | +9.3% | +9.6% | +4.7% | +6.9% | -50.9% | -52.5% | -51.5% | -51.9% |
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Frequently Asked Questions
- What is Phillips 66's marketing and specialties — gross pp&e?
- Phillips 66 (PSX) reported marketing and specialties — gross pp&e of $1.03B in Q1 2026.
- How has Phillips 66's marketing and specialties — gross pp&e changed year-over-year?
- Phillips 66's marketing and specialties — gross pp&e decreased by 51.9% year-over-year, from $2.14B to $1.03B.
- What is the long-term trend for Phillips 66's marketing and specialties — gross pp&e?
- Over 4 years (2021 to 2025), Phillips 66's marketing and specialties — gross pp&e has grown at a -8.1% compound annual growth rate (CAGR), from $7.20B to $5.13B.
- What does marketing and specialties — gross pp&e mean?
- The total original cost of all physical assets used in the Marketing and Specialties business segment.