Phillips 66 PSX Refining — Cost And Expenses

Other segment segments

Similar metrics at other companies

DKRefining — Operating Expenses

$150.2M-5.0%

DKRefining — Expense

$0-100%

PARRRefining — Operating expense (excluding depreciation)

$115.92M-2.3%

MPCRefining & Marketing — Segment expenses

$30.96B+6.7%

PARRRefining — Cost of revenues (excluding depreciation)

$1.58B+0.4%

DKRefining — Cost of materials and other

$2.4B-2.8%

Questions, answered.

What is Phillips 66's refining — cost and expenses?

Phillips 66 (PSX) reported refining — cost and expenses of $22.35B in Q1 2026.

How has Phillips 66's refining — cost and expenses changed year-over-year?

Phillips 66's refining — cost and expenses increased by 33.8% year-over-year, from $16.71B to $22.35B.

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

Over 3 years (2022 to 2025), Phillips 66's refining — cost and expenses has grown at a -9.9% compound annual growth rate (CAGR), from $102.86B to $75.14B.

What does refining — cost and expenses mean?

This is the aggregate of all operating, administrative, and capital-related costs incurred by the refining segment. It represents the total cost burden required to generate revenue from refining activities. Analyzing this total allows for a high-level assessment of the segment's overall cost efficiency and margin potential.