Business Segments · Total Assets
Refining — Total Assets
Phillips 66 Refining — Total Assets increased by 16.4% to $22.63B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 14.7%, from $19.73B to $22.63B. Over 4 years (FY 2021 to FY 2025), Refining — Total Assets shows relatively stable performance with a -1.4% CAGR.
Analysis
StatementSegment
CategoryMarket Position
SignalContext dependent
VolatilityStable
First reportedQ4 2018
Last reportedQ1 2026
Rolls up toTotal Assets
How to read this metric
An increase suggests asset expansion or acquisition, while a decrease may signal divestitures, asset impairments, or depreciation outpacing new investment.
Detailed definition
This metric represents the aggregate book value of all assets specifically allocated to the refining segment, including...
Peer comparison
Standard segment reporting metric used by all major refining companies to define segment scale.
Metric ID:
psx_segment_refining_total_assetsHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $22.44B | $20.58B | $19.95B | $22.14B | $23.44B | $22.63B | $21.58B | $22.75B | $23.55B | $23.32B | $22.43B | $25.12B | $22.02B | $21.69B | $19.60B | $19.73B | $21.44B | $19.72B | $19.44B | $22.63B |
| QoQ Change | — | -8.3% | -3.0% | +11.0% | +5.9% | -3.5% | -4.6% | +5.4% | +3.5% | -1.0% | -3.8% | +12.0% | -12.3% | -1.5% | -9.6% | +0.7% | +8.7% | -8.0% | -1.4% | +16.4% |
| YoY Change | — | — | — | — | +4.5% | +10.0% | +8.2% | +2.8% | +0.5% | +3.1% | +3.9% | +10.4% | -6.5% | -7.0% | -12.6% | -21.5% | -2.6% | -9.1% | -0.8% | +14.7% |
Range$19.44B – $25.12B
CAGR+0.2%
Avg YoY Growth-0.1%
Median YoY Growth+1.6%
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Frequently Asked Questions
- What is Phillips 66's refining — total assets?
- Phillips 66 (PSX) reported refining — total assets of $22.63B in Q1 2026.
- How has Phillips 66's refining — total assets changed year-over-year?
- Phillips 66's refining — total assets increased by 14.7% year-over-year, from $19.73B to $22.63B.
- What is the long-term trend for Phillips 66's refining — total assets?
- Over 4 years (2021 to 2025), Phillips 66's refining — total assets has grown at a -1.4% compound annual growth rate (CAGR), from $84.86B to $80.33B.
- What does refining — total assets mean?
- The total value of all assets owned and utilized by the refining business segment.