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Phillips 66 PSX Refining — Net properties, plants and equipment

Other segment segments

Midstream
$23.93B+12.1%
Renewable Fuels
$2B-1.7%
Marketing And Specialties Segment
$473M-43.1%
Chemicals
$0

Similar metrics at other companies

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MPCRefining & Marketing — Property, plant and equipment, net
$13.85B-0.3%
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PARRRefining Segment — Total Assets
$130.3M
Delek US Holdings logo
DKRefining — Segment, Expenditure, Addition to Long-Lived Assets
$171.9M+206%
Par Pacific Holdings, Inc. logo
PARRRefining — Total Assets
$2.9B+6.7%
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PARRRefining — Segment, Expenditure, Addition to Long-Lived Assets
$31.95M-5.9%
Marathon Petroleum logo
MPCRefining & Marketing — Gross PP&E
$34.66B+4.2%

Other financials

Income statement

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Revenue$32.5B+6.9%
Gross profit$3.3B+20.0%
Net income$207.0M-57.5%
EPS (diluted)$0.51-56.8%

Balance sheet

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Cash & equivalents$5.2B+246%
Total debt$21.7B+0.7%
Total equity$28.5B+4.6%
Total assets$84.1B+17.0%

Cash flow

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Operating cash flow-$2.3B-1,311%

Valuation

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Market cap$68.86B+35.5%
P/E16.7×-10.7×
P/S0.5×+0.1×

Profitability

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Gross margin12.5%+3.4pp
Net margin3.1%+1.7pp

Returns & leverage

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Return on equity14.8%+8.3pp
Debt / equity0.7×0.0×
Current ratio1.1×-0.1×

Where this comes from

Reported directly by Phillips 66 in its filing.

Tagged under the XBRL concept us-gaap:PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization.

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 — net properties, plants and equipment?
Phillips 66 (PSX) reported refining — net properties, plants and equipment of $11.93B in Q1 2026.
How has Phillips 66's refining — net properties, plants and equipment changed year-over-year?
Phillips 66's refining — net properties, plants and equipment increased by 18.3% year-over-year, from $10.09B to $11.93B.
What is the long-term trend for Phillips 66's refining — net properties, plants and equipment?
Over 4 years (2021 to 2025), Phillips 66's refining — net properties, plants and equipment has grown at a -3.7% compound annual growth rate (CAGR), from $48.56B to $41.85B.
What does refining — net properties, plants and equipment mean?
The book value of the refining segment's physical assets, calculated as gross PP&E minus accumulated depreciation and amortization. This represents the current carrying value of the refining infrastructure on the balance sheet. It is a key metric for assessing the net capital investment deployed in the refining business.