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Phillips 66 PSX Refining — Net gain on dispositions
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Where this comes from
Reported directly by Phillips 66 in its filing.
Tagged under the XBRL concept psx:GainLossOnDisposition.
The source filing: Phillips 66’s 10-Q, filed August 5, 2026.
- Filed
- Aug 5, 2026, 4:43 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001534701-26-000032
| Line item | Millions of Dollars / Operating Segments / Midstream | Millions of Dollars / Operating Segments / Chemicals | Millions of Dollars / Operating Segments / Refining | Millions of Dollars / Operating Segments / M&S | Millions of Dollars / Operating Segments / Renewable Fuels | Millions of Dollars / Corporate and Other | Millions of Dollars / Consolidating Adjustments | Millions of Dollars / Total Consolidated |
|---|---|---|---|---|---|---|---|---|
| Intercompany revenues | 1,069 | — | 22,314 | 789 | 1,714 | 1 | (25,887) | — |
| Total sales and other operating revenues | 6,300 | — | 35,932 | 32,086 | 2,563 | 10 | (25,887) | 51,004 |
| Equity in earnings (loss) of affiliates | 99 | 403 | (1) | 135 | (1) | — | — | 635 |
| Net gain on dispositions | — | — | — | 110 | — | 7 | — | 117 |
| Other income | (6) | — | 81 | (13) | 136 | 90 | — | 288 |
| Total Revenues and Other Income | 6,393 | 403 | 36,012 | 32,318 | 2,698 | 107 | (25,887) | 52,044 |
| Costs and Expenses | ||||||||
| Purchased crude oil and products | 4,639 | — | 31,453 | 31,354 | 2,074 | — | (25,856) | 43,664 |
Item 1. FINANCIAL STATEMENTS
FAQ
- What is Phillips 66's refining — net gain on dispositions?
- Phillips 66 (PSX) reported refining — net gain on dispositions of $0 in Q2 2026.
- What is the long-term trend for Phillips 66's refining — net gain on dispositions?
- Over 3 years (2022 to 2025), Phillips 66's refining — net gain on dispositions has grown at a 44.2% compound annual growth rate (CAGR), from $1M to $3M.
- What does refining — net gain on dispositions mean?
- The net profit or loss realized from the sale or disposal of refining assets, such as refineries, terminals, or equipment. This is a non-recurring item that reflects the difference between the sale price and the carrying value of the assets. It highlights the impact of portfolio optimization and divestment strategies.
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