Phillips 66 PSX Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Sales and other operating revenues by Business | ||||||
| Chemicals | $0— | $0— | $0— | $0— | $0— | |
| M&S | $20.2B-9.2% | $22.25B-1.5% | $22.59B+5.5% | $21.42B+9.0% | $19.64B-8.2% | |
| Midstream | $5.52B-1.1% | $5.59B+10.1% | $5.08B+0.4% | $5.06B-7.4% | $5.46B+5.6% | |
| Refining | $22.53B+7.3% | $21B+8.6% | $19.34B+3.4% | $18.69B+17.8% | $15.88B-16.3% | |
| Renewable Fuels | $1.55B+7.1% | $1.44B-10.3% | $1.61B-0.3% | $1.62B+7.0% | $1.51B-4.2% | |
| Revenues And Other Income by Business | ||||||
| Chemicals | $114M— | $0-100% | $176M+780% | $20M-82.3% | $113M+8.7% | |
| M&S | $20.3B-16.4% | $24.27B+7.2% | $22.63B+5.9% | $21.38B+3.3% | $20.7B-3.8% | |
| Midstream | $5.65B-0.4% | $5.68B+9.6% | $5.18B+0.5% | $5.15B-8.7% | $5.65B+6.2% | |
| Refining | $22.56B+7.5% | $20.99B+8.4% | $19.37B+3.4% | $18.73B+18.7% | $15.77B-16.2% | |
| Renewable Fuels | $1.62B+5.8% | $1.53B-7.9% | $1.66B+0.4% | $1.66B+8.6% | $1.53B-2.8% | |
| Total Assets by Business | ||||||
| Chemicals | $8.02B+1.5% | $7.9B-0.2% | $7.91B+0.3% | $7.89B-0.4% | $7.92B+1.0% | |
| M&S | $12.64B+25.6% | $10.06B-13.2% | $11.59B+8.7% | $10.67B+2.7% | $10.38B+5.9% | |
| Midstream | $30.35B+0.6% | $30.17B-0.4% | $30.3B+0.4% | $30.19B+10.1% | $27.42B-3.2% | |
| Refining | $22.63B+16.4% | $19.44B-1.4% | $19.72B-8.0% | $21.44B+8.7% | $19.73B+0.7% | |
| Renewable Fuels | $3.18B-0.5% | $3.2B+4.6% | $3.06B+1.6% | $3.01B-4.3% | $3.14B+0.1% | |
| Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax by Business | ||||||
| Chemicals | $114M— | $0-100% | $176M+780% | $20M-82.3% | $113M+5.6% | |
| M&S | -$161M-107% | $2.4B+855% | $251M-56.0% | $571M-55.5% | $1.28B+409% | |
| Midstream | $591M-7.4% | $638M-8.5% | $697M-4.7% | $731M-2.7% | $751M+11.6% | |
| Refining | $208M— | —— | -$518M-244% | $359M+138% | -$937M-20.9% | |
| Renewable Fuels | -$41M-116% | -$19M+55.8% | -$43M+67.7% | -$133M+28.1% | -$185M— | |
| Other income by Business | ||||||
| Chemicals | $0— | $0— | $0— | $0— | $0— | |
| M&S | $62M+6,100% | $1M+117% | -$6M-140% | $15M+150% | $6M+200% | |
| Midstream | $19M— | —— | $20M+567% | $3M-70.0% | $10M+233% | |
| Refining | $26M+1,200% | $2M+100% | $1M-97.1% | $34M+1,033% | $3M— | |
| Renewable Fuels | $74M-15.9% | $88M+66.0% | $53M+20.5% | $44M+132% | $19M— | |
| Interest Income, Other by Business | ||||||
| Chemicals | $0— | $0— | $0— | $0— | $0— | |
| M&S | $0— | $0— | $0— | $0— | $0— | |
| Midstream | $0— | $0— | $0— | $0— | $0— | |
| Refining | $0— | $0— | $0— | $0— | $0— | |
| Renewable Fuels | $0— | $0— | $0— | $0— | $0— | |
| Net gain on dispositions by Business | ||||||
| Chemicals | $0— | $0— | $0— | $0— | $0— | |
| M&S | $0-100% | $1.98B+12,263% | $16M+118% | -$89M-109% | $1.02B+1,419% | |
| Midstream | $6M+500% | $1M+113% | -$8M-100% | -$4M-106% | $69M+360% | |
| Refining | $0— | $0-100% | $3M— | $0— | $0— | |
| Renewable Fuels | $0— | $0— | $0— | $0— | $0— | |
| Other segment items by Business | ||||||
| Chemicals | $0— | $0— | $0— | $0— | $0— | |
| M&S | $2M0.0% | $2M-66.7% | $6M+700% | -$1M0.0% | -$1M— | |
| Midstream | $2M0.0% | $2M0.0% | $2M+100% | $1M-50.0% | $2M-60.0% | |
| Refining | $15M+15.4% | $13M+18.2% | $11M+185% | -$13M-550% | -$2M-117% | |
| Renewable Fuels | -$2M— | —— | -$4M-150% | $8M+100% | $4M— | |
| Gross PP&E by Business | ||||||
| Chemicals | $0— | $0— | $0— | $0— | $0— | |
| Marketing And Specialties Segment | $1.03B+1.5% | $1.01B+2.4% | $990M+0.1% | $989M-53.7% | $2.14B+2.2% | |
| Midstream | $29.9B+1.2% | $29.56B+1.0% | $29.28B+1.2% | $28.95B+9.9% | $26.34B+0.6% | |
| Refining | $22.96B-11.5% | $25.96B+13.4% | $22.88B+0.3% | $22.8B+1.2% | $22.53B+1.1% | |
| Renewable Fuels | $3.79B+0.4% | $3.77B+0.6% | $3.75B+0.4% | $3.73B+0.2% | $3.73B+0.2% | |
| Selling, General and Administrative Expense by Business | ||||||
| Chemicals | -$2M0.0% | -$2M0.0% | -$2M-100% | -$1M+50.0% | -$2M0.0% | |
| M&S | $297M-14.2% | $346M-40.8% | $584M+74.9% | $334M+1.8% | $328M-0.9% | |
| Midstream | $56M+3.7% | $54M-6.9% | $58M+11.5% | $52M-1.9% | $53M+23.3% | |
| Refining | $52M0.0% | $52M+30.0% | $40M+25.0% | $32M-30.4% | $46M-22.0% | |
| Renewable Fuels | $21M+40.0% | $15M-21.1% | $19M+35.7% | $14M-22.2% | $18M+63.6% | |
| Taxes other than income taxes by Business | ||||||
| Chemicals | $0— | $0— | $0— | $0— | $0— | |
| M&S | $2M+108% | -$24M-400% | $8M+33.3% | $6M-33.3% | $9M-52.6% | |
| Midstream | $75M+47.1% | $51M-22.7% | $66M-20.5% | $83M+36.1% | $61M+13.0% | |
| Refining | $106M+68.3% | $63M-30.0% | $90M-4.3% | $94M-14.5% | $110M+19.6% | |
| Renewable Fuels | $31M+40.9% | $22M-57.7% | $52M+126% | $23M-34.3% | $35M+131% | |
| Interest and Debt Expense by Business | ||||||
| Chemicals | $0— | $0— | $0— | $0— | $0— | |
| M&S | $0— | $0— | $0— | $0— | $0— | |
| Midstream | $0— | $0— | $0— | $0— | $0— | |
| Refining | $0— | $0— | $0— | $0— | $0— | |
| Renewable Fuels | $0— | $0— | $0— | $0— | $0— | |
| Net properties, plants and equipment by Business | ||||||
| Chemicals | $0— | $0— | $0— | $0— | $0— | |
| Marketing And Specialties Segment | $473M+0.4% | $471M+2.2% | $461M-2.3% | $472M-43.2% | $831M+0.8% | |
| Midstream | $23.93B+0.6% | $23.79B+0.2% | $23.75B+0.3% | $23.69B+11.0% | $21.34B-0.1% | |
| Refining | $11.93B-2.8% | $12.27B+27.8% | $9.6B-3.0% | $9.89B-2.0% | $10.09B-1.9% | |
| Renewable Fuels | $2B-0.6% | $2.01B0.0% | $2.01B-0.4% | $2.02B-0.7% | $2.03B-0.7% | |
| Cost And Expenses by Business | ||||||
| Chemicals | $0— | $0— | $0— | $0— | $0+100% | |
| M&S | $20.46B-6.5% | $21.87B-2.3% | $22.38B+7.6% | $20.81B+7.2% | $19.42B-8.7% | |
| Midstream | $5.06B+0.5% | $5.04B+12.4% | $4.48B+1.4% | $4.42B-9.7% | $4.9B+5.4% | |
| Refining | $22.35B+10.8% | $20.17B+1.4% | $19.89B+8.3% | $18.37B+9.9% | $16.71B-14.8% | |
| Renewable Fuels | $1.66B+7.2% | $1.55B-9.1% | $1.71B-4.7% | $1.79B+4.6% | $1.71B+11.0% | |
| Equity in earnings of affiliates by Business | ||||||
| Chemicals | $114M— | $0-100% | $176M+780% | $20M-82.3% | $113M+8.7% | |
| M&S | $35M-2.8% | $36M0.0% | $36M-5.3% | $38M+5.6% | $36M-36.8% | |
| Midstream | $103M+5.1% | $98M+5.4% | $93M-5.1% | $98M-10.9% | $110M-16.7% | |
| Refining | $0+100% | -$3M-110% | $31M+1,650% | -$2M+98.1% | -$105M— | |
| Renewable Fuels | $0— | $0-100% | $1M+200% | -$1M0.0% | -$1M— | |
| Accum. D&A by Business | ||||||
| Chemicals | $0— | $0— | $0— | $0— | $0— | |
| Marketing And Specialties Segment | $556M+2.4% | $543M+2.6% | $529M+2.3% | $517M-60.4% | $1.31B+3.2% | |
| Midstream | $5.97B+3.5% | $5.77B+4.4% | $5.53B+5.2% | $5.26B+5.1% | $5B+3.8% | |
| Refining | $11.03B-19.4% | $13.69B+3.0% | $13.28B+2.9% | $12.91B+3.8% | $12.44B+3.7% | |
| Renewable Fuels | $1.79B+1.5% | $1.76B+1.3% | $1.74B+1.4% | $1.72B+1.4% | $1.69B+1.4% | |
| Purchased crude oil and products by Business | ||||||
| Chemicals | $0— | $0— | $0— | $0— | $0— | |
| M&S | $20.12B-6.5% | $21.51B-1.1% | $21.74B+6.5% | $20.42B+7.2% | $19.05B-8.6% | |
| Midstream | $4.11B+1.6% | $4.04B+13.0% | $3.58B+1.8% | $3.51B-14.1% | $4.09B+9.0% | |
| Refining | $20.73B+13.1% | $18.34B+5.1% | $17.44B+2.8% | $16.96B+12.9% | $15.03B-16.7% | |
| Renewable Fuels | $1.5B+7.2% | $1.4B-8.8% | $1.53B-6.2% | $1.63B+6.3% | $1.54B+0.3% | |
| Other Cost and Expense, Operating by Business | ||||||
| Chemicals | $2M0.0% | $2M0.0% | $2M+100% | $1M-50.0% | $2M+300% | |
| M&S | $19M0.0% | $19M0.0% | $19M+11.8% | $17M-5.6% | $18M-5.3% | |
| Midstream | $541M-1.6% | $550M+9.8% | $501M-2.1% | $512M+11.8% | $458M-12.8% | |
| Refining | $1.23B0.0% | $1.23B+35.2% | $909M+7.2% | $848M-21.0% | $1.07B+10.8% | |
| Renewable Fuels | $89M-6.3% | $95M+13.1% | $84M-6.7% | $90M-6.3% | $96M-3.0% | |
| Capital Expenditures and Investments by Business | ||||||
| Chemicals | $0— | $0— | $0— | $0— | $0— | |
| M&S | $9M-79.1% | $43M+65.4% | $26M-23.5% | $34M+127% | $15M-53.1% | |
| Midstream | $343M+20.8% | $284M-18.2% | $347M-9.6% | $384M+77.8% | $216M-5.3% | |
| Refining | $210M-31.6% | $307M+112% | $145M-2.0% | $148M-15.9% | $176M-10.2% | |
| Renewable Fuels | $10M-56.5% | $23M+53.3% | $15M+66.7% | $9M0.0% | $9M-50.0% | |
| D&A by Business | ||||||
| Chemicals | $0— | $0— | $0— | $0— | $0— | |
| M&S | $20M-4.8% | $21M-8.7% | $23M-30.3% | $33M+65.0% | $20M-74.4% | |
| Midstream | $274M+5.8% | $259M-6.8% | $278M+6.9% | $260M+11.6% | $233M0.0% | |
| Refining | $215M-54.9% | $477M+7.4% | $444M+0.2% | $443M-2.9% | $456M+4.8% | |
| Renewable Fuels | $23M-4.2% | $24M-4.0% | $25M+8.7% | $23M0.0% | $23M0.0% | |
| Investments In and Advances to Affiliates by Business | ||||||
| Chemicals | $8.02B+1.5% | $7.9B0.0% | $7.9B+0.2% | $7.89B-0.1% | $7.9B+1.0% | |
| M&S | $1.29B-2.8% | $1.33B+132% | $573M+3.6% | $553M-0.7% | $557M-22.5% | |
| Midstream | $2.1B-0.9% | $2.12B-3.9% | $2.2B-1.1% | $2.23B-1.5% | $2.26B-26.6% | |
| Refining | $70M+7.7% | $65M-95.2% | $1.36B-40.3% | $2.28B0.0% | $2.28B-4.3% | |
| Renewable Fuels | $15M0.0% | $15M0.0% | $15M+7.1% | $14M-6.7% | $15M-6.3% | |
| Impairments by Business | ||||||
| Chemicals | $0— | $0— | $0— | $0— | $0— | |
| M&S | $0— | $0— | $0-100% | $1M— | $0-100% | |
| Midstream | $4M-94.9% | $79M— | $0— | $0— | $0-100% | |
| Refining | $2M— | $0-100% | $951M+31,600% | $3M+200% | $1M0.0% | |
| Renewable Fuels | $2M— | $0— | $0— | $0— | $0— | |
| Sales and other operating revenues by Product | ||||||
| Crude oil resales | $4.32B+17.1% | $3.69B-12.9% | $4.24B+2.1% | $4.15B+33.8% | $3.1B-34.6% | |
| Natural gas liquids and natural gas | $4.54B+3.2% | $4.4B+7.7% | $4.09B+0.2% | $4.08B-9.5% | $4.51B+8.5% | |
| Refined petroleum products and renewable fuels | $24.88B-2.0% | $25.38B-0.5% | $25.52B+5.4% | $24.21B+8.8% | $22.25B-8.2% | |
| Services and other | -$1.2B-290% | $634M-6.2% | $676M-23.6% | $885M+54.5% | $573M+5.9% | |
| Sales and other operating revenues by Geography | ||||||
| Germany | $709M-36.0% | $1.11B-18.5% | $1.36B+3.8% | $1.31B+7.5% | $1.22B-2.4% | |
| Other countries | $2.27B-6.4% | $2.42B-13.5% | $2.8B+7.6% | $2.6B+24.5% | $2.09B-28.4% | |
| United Kingdom | $3.77B+8.9% | $3.47B+2.2% | $3.39B+0.1% | $3.39B+14.4% | $2.96B+8.4% | |
| United States | $25.79B-4.9% | $27.11B+0.6% | $26.96B+3.6% | $26.02B+7.7% | $24.16B-9.8% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Phillips 66 break its business down?
- Phillips 66 (PSX) reports sales and other operating revenues by business across 5 parts — Chemicals, M&S, Midstream, Refining and Renewable Fuels. Each is extracted from the segment footnotes and tracked over time.
- Where does Phillips 66's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Phillips 66's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
