What is Phillips 66's refining — goodwill?

Phillips 66 (PSX) reported refining — goodwill of $0.00 in Q4 2021.

What does refining — goodwill mean?

The recorded value of intangible premiums paid for past acquisitions within the refining business segment.

Discontinued — last reported Q4 '21

Business Segments · Goodwill

Refining — Goodwill

Analysis

StatementSegment

CategoryCapital Allocation

SignalContext dependent

VolatilityStable

First reportedQ4 2013

Last reportedQ4 2021

Rolls up toGoodwill

How to read this metric

A stable or growing balance suggests successful integration of past acquisitions, while a sudden decrease indicates an impairment event.

Detailed definition

This metric represents the residual value of the refining segment that exceeds the fair value of its identifiable net as...

Peer comparison

Standard accounting practice across the energy sector requires reporting goodwill on the balance sheet for segments acquired through business combinations.

Metric ID: psx_segment_refining_goodwill

Historical Data

1 periods

	Q4 '21
Value	$0.00

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Frequently Asked Questions

What is Phillips 66's refining — goodwill?: Phillips 66 (PSX) reported refining — goodwill of $0.00 in Q4 2021.
What does refining — goodwill mean?: The recorded value of intangible premiums paid for past acquisitions within the refining business segment.