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Phillips 66 PSX Refining — Selling, General and Administrative Expense
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Where this comes from
Reported directly by Phillips 66 in its filing.
Tagged under the XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense.
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 |
|---|---|---|---|---|---|---|---|---|
| Costs and Expenses | ||||||||
| Purchased crude oil and products | 4,639 | — | 31,453 | 31,354 | 2,074 | — | (25,856) | 43,664 |
| Operating expenses* | 568 | 1 | 1,144 | 22 | 79 | 27 | (31) | 1,810 |
| Selling, general and administrative expenses* | 54 | (2) | 25 | 332 | 19 | 110 | — | 538 |
| Depreciation and amortization | 284 | — | 221 | 26 | 24 | 30 | — | 585 |
| Impairments | — | — | 1 | — | — | 8 | — | 9 |
| Taxes other than income taxes | 60 | — | 88 | 2 | (41) | 18 | — | 127 |
| Interest and debt expense | — | — | — | — | — | 314 | — | 314 |
Item 1. FINANCIAL STATEMENTS
FAQ
- What is Phillips 66's refining — selling, general and administrative expense?
- Phillips 66 (PSX) reported refining — selling, general and administrative expense of $25M in Q2 2026.
- How has Phillips 66's refining — selling, general and administrative expense changed year-over-year?
- Phillips 66's refining — selling, general and administrative expense decreased by 21.9% year-over-year, from $32M to $25M.
- What is the long-term trend for Phillips 66's refining — selling, general and administrative expense?
- Over 3 years (2022 to 2025), Phillips 66's refining — selling, general and administrative expense has grown at a 4.0% compound annual growth rate (CAGR), from $151M to $170M.
- What does refining — selling, general and administrative expense mean?
- This represents the overhead costs allocated to the refining segment, including corporate support, management salaries, and marketing expenses. It reflects the fixed cost structure required to manage and oversee the refining business unit. Efficient management of these costs is critical for maintaining margins during periods of low refining spreads.
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