Question 1

What is Phillips 66's net gain on dispositions?

Accepted Answer

Phillips 66 (PSX) reported net gain on dispositions of $117M in Q2 2026.

Question 2

How has Phillips 66's net gain on dispositions changed year-over-year?

Accepted Answer

Phillips 66's net gain on dispositions increased by 225.8% year-over-year, from -$93M to $117M.

Question 3

What is the long-term trend for Phillips 66's net gain on dispositions?

Accepted Answer

Over 4 years (2021 to 2025), Phillips 66's net gain on dispositions has grown at a 258.8% compound annual growth rate (CAGR), from $18M to $2.98B.

Question 4

What does net gain on dispositions mean?

Accepted Answer

Captures the net profit or loss realized from the sale, disposal, or abandonment of assets, business units, or subsidiaries. This is a non-recurring item that reflects the strategic divestment of assets that no longer align with the company's core business model.

Line item	Millions of Dollars / Three Months Ended June 30 / 2026	Millions of Dollars / 2025	Millions of Dollars / Six Months Ended June 30 / 2026	2025
Revenues and Other Income
Sales and other operating revenues	$51,004	33,323	83,544	63,753
Equity in earnings of affiliates	635	153	887	306
Net gain (loss) on dispositions	117	(93)	123	994
Other income	288	139	492	195
Total Revenues and Other Income	52,044	33,522	85,046	65,248
Costs and Expenses
Purchased crude oil and products	43,664	29,077	72,880	56,737

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