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+2.8% | $22.25B+4.0% | $22.59B-1.4% | $21.42B-16.1% | $19.64B-13.1% | |
| Midstream | $5.52B+1.2% | $5.59B+8.1% | $5.08B+14.5% | $5.06B+16.3% | $5.46B+12.7% | |
| Refining | $22.53B+41.9% | $21B+10.8% | $19.34B-7.9% | $18.69B-19.1% | $15.88B-27.5% | |
| Renewable Fuels | $1.55B+2.5% | $1.44B-8.3% | $1.61B+19.9% | $1.62B+7.6% | $1.51B+32.0% | |
| Revenues And Other Income by Business | ||||||
| Chemicals | $114M+0.9% | $0-100% | $176M-48.1% | $20M-90.9% | $113M-43.8% | |
| M&S | $20.3B-2.0% | $24.27B+12.7% | $22.63B-1.7% | $21.38B-16.5% | $20.7B-8.7% | |
| Midstream | $5.65B+0.1% | $5.68B+6.7% | $5.18B+13.1% | $5.15B+8.4% | $5.65B+12.9% | |
| Refining | $22.56B+43.0% | $20.99B+11.5% | $19.37B-7.7% | $18.73B-19.1% | $15.77B-28.5% | |
| Renewable Fuels | $1.62B+6.2% | $1.53B-2.5% | $1.66B+23.8% | $1.66B+9.9% | $1.53B+33.0% | |
| Total Assets by Business | ||||||
| Chemicals | $8.02B+1.2% | $7.9B+0.7% | $7.91B+0.1% | $7.89B+2.9% | $7.92B+5.4% | |
| M&S | $12.64B+21.7% | $10.06B+2.7% | $11.59B— | $10.67B— | $10.38B— | |
| Midstream | $30.35B+10.7% | $30.17B+6.5% | $30.3B+6.3% | $30.19B+7.0% | $27.42B-5.3% | |
| Refining | $22.63B+14.7% | $19.44B-0.8% | $19.72B-9.1% | $21.44B-2.6% | $19.73B-21.5% | |
| Renewable Fuels | $3.18B+1.2% | $3.2B+1.8% | $3.06B-11.6% | $3.01B-7.3% | $3.14B— | |
| Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax by Business | ||||||
| Chemicals | $114M+0.9% | $0-100% | $176M-48.5% | $20M-91.0% | $113M-44.9% | |
| M&S | -$161M-113% | $2.4B+851% | $251M+1,241% | $571M+37.6% | $1.28B+250% | |
| Midstream | $591M-21.3% | $638M-5.2% | $697M+8.2% | $731M-4.7% | $751M+35.6% | |
| Refining | $208M+122% | —— | -$518M-380% | $359M+18.9% | -$937M-534% | |
| Renewable Fuels | -$41M+77.8% | -$19M— | -$43M+62.9% | -$133M-142% | -$185M-236% | |
| Other income by Business | ||||||
| Chemicals | $0— | $0— | $0— | $0— | $0— | |
| M&S | $62M+933% | $1M-50.0% | -$6M-133% | $15M+15.4% | $6M-33.3% | |
| Midstream | $19M+90.0% | —— | $20M+567% | $3M+200% | $10M+150% | |
| Refining | $26M+767% | $2M— | $1M-87.5% | $34M+386% | $3M-90.9% | |
| Renewable Fuels | $74M+289% | $88M— | $53M+2,550% | $44M+450% | $19M+280% | |
| 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+2,852% | $16M— | -$89M-8,800% | $1.02B— | |
| Midstream | $6M-91.3% | $1M-93.3% | -$8M-180% | -$4M-102% | $69M— | |
| Refining | $0— | $0— | $3M+138% | $0— | $0— | |
| Renewable Fuels | $0— | $0— | $0— | $0— | $0— | |
| Other segment items by Business | ||||||
| Chemicals | $0— | $0— | $0— | $0— | $0— | |
| M&S | $2M+300% | $2M— | $6M+400% | -$1M-133% | -$1M-113% | |
| Midstream | $2M0.0% | $2M-60.0% | $2M-33.3% | $1M-66.7% | $2M-50.0% | |
| Refining | $15M+850% | $13M+8.3% | $11M+467% | -$13M-317% | -$2M-150% | |
| Renewable Fuels | -$2M-150% | —— | -$4M-136% | $8M— | $4M+500% | |
| Gross PP&E by Business | ||||||
| Chemicals | $0— | $0— | $0— | $0— | $0— | |
| Marketing And Specialties Segment | $1.03B-51.9% | $1.01B-51.5% | $990M-52.5% | $989M-50.9% | $2.14B+6.9% | |
| Midstream | $29.9B+13.5% | $29.56B+12.9% | $29.28B+12.8% | $28.95B+10.2% | $26.34B+0.5% | |
| Refining | $22.96B+1.9% | $25.96B+16.5% | $22.88B+3.0% | $22.8B+4.8% | $22.53B-10.6% | |
| Renewable Fuels | $3.79B+1.7% | $3.77B+1.5% | $3.75B+1.4% | $3.73B+1.3% | $3.73B— | |
| Selling, General and Administrative Expense by Business | ||||||
| Chemicals | -$2M0.0% | -$2M0.0% | -$2M+33.3% | -$1M+66.7% | -$2M0.0% | |
| M&S | $297M-9.5% | $346M+4.5% | $584M-37.9% | $334M-2.3% | $328M+2.8% | |
| Midstream | $56M+5.7% | $54M+25.6% | $58M+11.5% | $52M+23.8% | $53M-30.3% | |
| Refining | $52M+13.0% | $52M-11.9% | $40M-33.3% | $32M-37.3% | $46M+21.1% | |
| Renewable Fuels | $21M+16.7% | $15M+36.4% | $19M+5.6% | $14M+27.3% | $18M+63.6% | |
| Taxes other than income taxes by Business | ||||||
| Chemicals | $0— | $0— | $0— | $0— | $0— | |
| M&S | $2M-77.8% | -$24M-226% | $8M-50.0% | $6M-33.3% | $9M-40.0% | |
| Midstream | $75M+23.0% | $51M-5.6% | $66M+11.9% | $83M+40.7% | $61M+38.6% | |
| Refining | $106M-3.6% | $63M-31.5% | $90M-10.0% | $94M+27.0% | $110M-9.1% | |
| Renewable Fuels | $31M-11.4% | $22M+119% | $52M+140% | $23M+122% | $35M+203% | |
| 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-43.1% | $471M-42.8% | $461M-44.3% | $472M-42.0% | $831M+2.0% | |
| Midstream | $23.93B+12.1% | $23.79B+11.3% | $23.75B+11.1% | $23.69B+11.8% | $21.34B-0.9% | |
| Refining | $11.93B+18.3% | $12.27B+19.3% | $9.6B-9.2% | $9.89B-4.7% | $10.09B-18.6% | |
| Renewable Fuels | $2B-1.7% | $2.01B-1.8% | $2.01B-2.1% | $2.02B-2.1% | $2.03B— | |
| Cost And Expenses by Business | ||||||
| Chemicals | $0— | $0+100% | $0+100% | $0+100% | $0+100% | |
| M&S | $20.46B+5.4% | $21.87B+2.8% | $22.38B-2.9% | $20.81B-17.4% | $19.42B-13.0% | |
| Midstream | $5.06B+3.4% | $5.04B+8.5% | $4.48B+13.9% | $4.42B+10.9% | $4.9B+10.1% | |
| Refining | $22.35B+33.8% | $20.17B+2.9% | $19.89B-5.7% | $18.37B-19.6% | $16.71B-23.5% | |
| Renewable Fuels | $1.66B-2.9% | $1.55B+0.5% | $1.71B+16.9% | $1.79B+14.6% | $1.71B+42.3% | |
| Equity in earnings of affiliates by Business | ||||||
| Chemicals | $114M+0.9% | $0-100% | $176M-48.1% | $20M-90.9% | $113M-43.8% | |
| M&S | $35M-2.8% | $36M-36.8% | $36M-59.6% | $38M-42.4% | $36M-43.8% | |
| Midstream | $103M-6.4% | $98M-25.8% | $93M-30.6% | $98M-42.4% | $110M-29.0% | |
| Refining | $0+100% | -$3M— | $31M+358% | -$2M-106% | -$105M-197% | |
| Renewable Fuels | $0+100% | $0— | $1M+200% | -$1M0.0% | -$1M— | |
| Accum. D&A by Business | ||||||
| Chemicals | $0— | $0— | $0— | $0— | $0— | |
| Marketing And Specialties Segment | $556M-57.5% | $543M-57.1% | $529M-57.9% | $517M-56.9% | $1.31B+10.3% | |
| Midstream | $5.97B+19.4% | $5.77B+19.7% | $5.53B+20.8% | $5.26B+3.4% | $5B+7.2% | |
| Refining | $11.03B-11.3% | $13.69B+14.1% | $13.28B+14.0% | $12.91B+13.5% | $12.44B-2.8% | |
| Renewable Fuels | $1.79B+5.7% | $1.76B+5.6% | $1.74B+5.6% | $1.72B+5.7% | $1.69B— | |
| Purchased crude oil and products by Business | ||||||
| Chemicals | $0— | $0— | $0— | $0— | $0— | |
| M&S | $20.12B+5.6% | $21.51B+3.2% | $21.74B-1.4% | $20.42B-17.6% | $19.05B-13.1% | |
| Midstream | $4.11B+0.5% | $4.04B+7.8% | $3.58B+16.3% | $3.51B+17.1% | $4.09B+13.6% | |
| Refining | $20.73B+38.0% | $18.34B+1.7% | $17.44B-11.8% | $16.96B-21.5% | $15.03B-26.4% | |
| Renewable Fuels | $1.5B-2.5% | $1.4B-8.8% | $1.53B+6.4% | $1.63B+5.7% | $1.54B+33.7% | |
| Other Cost and Expense, Operating by Business | ||||||
| Chemicals | $2M0.0% | $2M+300% | $2M— | $1M— | $2M+200% | |
| M&S | $19M+5.6% | $19M0.0% | $19M+5.6% | $17M+6.3% | $18M+12.5% | |
| Midstream | $541M+18.1% | $550M+4.8% | $501M+3.5% | $512M+18.2% | $458M+5.5% | |
| Refining | $1.23B+14.4% | $1.23B+26.8% | $909M-1.3% | $848M-4.1% | $1.07B+12.7% | |
| Renewable Fuels | $89M-7.3% | $95M-4.0% | $84M-16.0% | $90M-9.1% | $96M+33.3% | |
| Capital Expenditures and Investments by Business | ||||||
| Chemicals | $0— | $0— | $0— | $0— | $0— | |
| M&S | $9M-40.0% | $43M+34.4% | $26M+44.4% | $34M+70.0% | $15M0.0% | |
| Midstream | $343M+58.8% | $284M+24.6% | $347M+102% | $384M+300% | $216M-15.3% | |
| Refining | $210M+19.3% | $307M+56.6% | $145M-0.7% | $148M+41.0% | $176M+30.4% | |
| Renewable Fuels | $10M+11.1% | $23M+27.8% | $15M+25.0% | $9M-93.0% | $9M-95.9% | |
| D&A by Business | ||||||
| Chemicals | $0— | $0— | $0— | $0— | $0— | |
| M&S | $20M0.0% | $21M-73.1% | $23M-28.1% | $33M+3.1% | $20M-44.4% | |
| Midstream | $274M+17.6% | $259M+11.2% | $278M+19.3% | $260M+16.1% | $233M+1.7% | |
| Refining | $215M-52.9% | $477M+9.7% | $444M+93.0% | $443M+117% | $456M+119% | |
| Renewable Fuels | $23M0.0% | $24M+4.3% | $25M+8.7% | $23M+91.7% | $23M+283% | |
| Investments In and Advances to Affiliates by Business | ||||||
| Chemicals | $8.02B+1.5% | $7.9B+1.0% | $7.9B— | $7.89B— | $7.9B— | |
| M&S | $1.29B+132% | $1.33B+85.0% | $573M— | $553M— | $557M— | |
| Midstream | $2.1B-7.3% | $2.12B-31.3% | $2.2B— | $2.23B— | $2.26B— | |
| Refining | $70M-96.9% | $65M-97.3% | $1.36B— | $2.28B— | $2.28B— | |
| Renewable Fuels | $15M0.0% | $15M-6.3% | $15M— | $14M— | $15M— | |
| Impairments by Business | ||||||
| Chemicals | $0— | $0— | $0— | $0— | $0— | |
| M&S | $0— | $0-100% | $0-100% | $1M— | $0— | |
| Midstream | $4M— | $79M+132% | $0-100% | $0-100% | $0-100% | |
| Refining | $2M+100% | $0-100% | $951M— | $3M— | $1M-99.0% | |
| Renewable Fuels | $2M— | $0— | $0— | $0— | $0— | |
| Sales and other operating revenues by Product | ||||||
| Crude oil resales | $4.32B+39.4% | $3.69B-22.2% | $4.24B-26.7% | $4.15B-29.7% | $3.1B-44.4% | |
| Natural gas liquids and natural gas | $4.54B+0.8% | $4.4B+5.9% | $4.09B+17.5% | $4.08B+13.8% | $4.51B+35.2% | |
| Refined petroleum products and renewable fuels | $24.88B+11.8% | $25.38B+4.7% | $25.52B-0.4% | $24.21B-13.8% | $22.25B-13.6% | |
| Services and other | -$1.2B-310% | $634M+17.2% | $676M+5.5% | $885M+55.3% | $573M-50.6% | |
| Sales and other operating revenues by Geography | ||||||
| Germany | $709M-41.8% | $1.11B-11.3% | $1.36B+1.1% | $1.31B-4.5% | $1.22B-6.5% | |
| Other countries | $2.27B+8.4% | $2.42B-17.1% | $2.8B-15.8% | $2.6B-15.7% | $2.09B-6.7% | |
| United Kingdom | $3.77B+27.4% | $3.47B+26.8% | $3.39B+17.6% | $3.39B+5.7% | $2.96B-23.9% | |
| United States | $25.79B+6.8% | $27.11B+1.2% | $26.96B-3.6% | $26.02B-14.6% | $24.16B-14.9% |
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.
