Phillips 66 PSX Refining — Impairments
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Where this comes from
Reported directly by Phillips 66 in its filing.
Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.
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 refining — impairments?
- Phillips 66 (PSX) reported refining — impairments of $2M in Q1 2026.
- How has Phillips 66's refining — impairments changed year-over-year?
- Phillips 66's refining — impairments increased by 100.0% year-over-year, from $1M to $2M.
- What is the long-term trend for Phillips 66's refining — impairments?
- Over 3 years (2021 to 2025), Phillips 66's refining — impairments has grown at a -9.5% compound annual growth rate (CAGR), from $1.29B to $955M.
- What does refining — impairments mean?
- This reflects non-cash charges taken when the carrying value of refining assets exceeds their recoverable amount. Impairments are often triggered by changes in market conditions, regulatory shifts, or the strategic decision to retire or convert facilities. It serves as a signal of asset value erosion or strategic pivots in the refining portfolio.