Business Segments · Impairments
Refining — Impairments
Year-over-year, this metric grew by 100.0%, from $1.00M to $2.00M. Over 2 years (FY 2021 to FY 2025), Refining — Impairments shows a downward trend with a -13.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryRisk
SignalLower is better
VolatilityVolatile
First reportedQ1 2018
Last reportedQ1 2026
How to read this metric
High impairment charges signal poor asset performance, strategic restructuring, or unfavorable long-term market outlooks for specific facilities.
Detailed definition
This reflects non-cash charges taken when the carrying value of refining assets exceeds their recoverable amount. Impair...
Peer comparison
Reported by peers during periods of industry downturns or when transitioning assets to renewable fuels.
Metric ID:
psx_segment_refining_impairmentsHistorical Data
15 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q3 '22 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $0.00 | $1.29B | $0.00 | $0.00 | $4.00M | $3.00M | $104.00M | $0.00 | $0.00 | $2.00M | $1.00M | $3.00M | $951.00M | $0.00 | $2.00M |
| QoQ Change | — | — | -100.0% | — | — | -25.0% | >999% | -100.0% | — | — | -50.0% | +200.0% | >999% | -100.0% | — |
| YoY Change | — | — | — | -100.0% | — | — | — | -100.0% | -100.0% | — | -99.0% | — | — | -100.0% | +100.0% |
Range$0.00 – $1.29B
Avg YoY Growth-66.5%
Median YoY Growth-100.0%
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Frequently Asked Questions
- What is Phillips 66's refining — impairments?
- Phillips 66 (PSX) reported refining — impairments of $2.00M 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 $1.00M to $2.00M.
- What is the long-term trend for Phillips 66's refining — impairments?
- Over 2 years (2021 to 2025), Phillips 66's refining — impairments has grown at a -13.9% compound annual growth rate (CAGR), from $1.29B to $955.00M.
- What does refining — impairments mean?
- A non-cash charge taken when the value of refining assets is written down due to lower expected future profitability.