Phillips 66 (PSX) balance sheet

NYSE · Energy · Oil & Gas Refining & Marketing · 12,600 employees · CEO Mark E. Lashier

Price: $282.83 +3.37%
Market cap: $110B
Enterprise value: $123B
Last report: Q3 '26 filed 2026-10-28
Next report: 2027-02-03 EPS est. $10.89

At the end of Q3 '26 Phillips 66 (PSX) held $5.85B in cash and short-term investments against $18.5B of debt incl. leases. Total assets $86B, total liabilities $50.5B, shareholders' equity $34.3B.

Balance sheet

Balance sheet	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Assets
Cash & equivalents	$3.32B	$1.57B	$2.44B	$1.64B	$1.74B	$1.49B	$1.05B	$1.85B	$1.12B	$5.15B	$4.1B	$5.85B
Receivables	$11.7B	$11.5B	$10.9B	$10.4B	$11B	$10.2B	$11.3B	$10.5B	$9.77B	$11.9B	$11.7B	$13.2B
Inventory	$3.75B	$6.29B	$6.52B	$6.04B	$4B	$5.24B	$5.58B	$6.42B	$5.1B	$6.72B	$5.92B	$6.25B
Other current assets	$1.14B	$1.32B	$1.06B	$1.19B	$1.14B	$1.33B	$3.1B	$3.21B	$1.29B	$3.61B	$0	$0
Current assets	$19.9B	$20.7B	$20.9B	$19.3B	$17.9B	$18.3B	$21.1B	$22B	$17.3B	$27.4B	$24.2B	$27.9B
Property, plant & equipment (net)	$35.7B	$35.5B	$35.2B	$35.6B	$35.3B	$35B	$36.7B	$36.4B	$39.1B	$39.1B	$39.6B	$39.7B
Long-term investments	$14.9B	$15.6B	$15.2B	$15.2B	$14.2B	$13.4B	$13.3B	$12.5B	$11.9B	$12B	$12.3B	$12.7B
Goodwill	$1.55B	$1.55B	$1.55B	$1.57B	$1.58B	$1.58B	$1.43B	$1.43B	$1.43B	$1.43B	$1.43B	$1.43B
Intangible assets	$920M	$911M	$901M	$1.16B	$1.16B	$1.17B	$1.06B	$1.03B	$978M	$969M	$955M	$968M
Other non-current assets	$2.46B	$2.09B	$2.16B	$2.22B	$2.47B	$2.49B	$2.42B	$2.75B	$3B	$3.13B	$3.21B	$3.18B
Non-current assets	$55.6B	$55.7B	$55B	$55.8B	$54.7B	$53.6B	$54.9B	$54.1B	$56.4B	$56.7B	$57.6B	$58B
Total assets	$75.5B	$76.4B	$75.9B	$75.1B	$72.6B	$71.8B	$75.9B	$76.1B	$73.7B	$84.1B	$81.8B	$86B
Liabilities
Accounts payable	$10.9B	$12.5B	$12.3B	$10.9B	$10.3B	$10.7B	$10.9B	$10.2B	$8.87B	$11.9B	$11.6B	$14.1B
Accrued expenses	$1.41B	$1.32B	$1.25B	$1.61B	$1.16B	$1.48B	$1.7B	$581M	$680M	$398M	$2B	$2B
Short-term debt	$1.48B	$2.33B	$2.78B	$1.52B	$1.83B	$1.06B	$3.74B	$2.59B	$1.61B	$8.45B	$1.8B	$1.05B
Taxes payable	$1.2B	$1.09B	$1.37B	$1.21B	$1.06B	$1.25B	$1.54B	$1.43B	$1.36B	$1.18B	$2.01B	$0
Deferred revenue	$1.2B	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other current liabilities	-$337M	$459M	$551M	$676M	$732M	$372M	$1.87B	$3.12B	$805M	$2.29B	$903M	$923M
Current liabilities	$15.9B	$17.7B	$18.3B	$15.9B	$15.1B	$14.9B	$19.7B	$17.9B	$13.3B	$24.2B	$18.4B	$20.8B
Long-term debt	$17.9B	$17.8B	$17.2B	$18.5B	$18.2B	$17.7B	$17.2B	$19.2B	$19.7B	$18.7B	$18.8B	$17.5B
Lease obligations (non-current)	$0	$0	$0	$0	$0	$0	$0	$0	$1.6B	$0	$0	$0
Deferred tax liabilities	$7.42B	$7.37B	$7.22B	$7.26B	$7.1B	$6.97B	$6.96B	$6.97B	$7.31B	$7.38B	$7.45B	$7.69B
Other non-current liabilities	$2.69B	$2.74B	$2.76B	$3.64B	$3.7B	$3.89B	$3.47B	$3.95B	$1.54B	$4.16B	$4.54B	$4.5B
Non-current liabilities	$28B	$27.9B	$27.2B	$29.4B	$29B	$28.6B	$27.6B	$30.1B	$30.1B	$30.2B	$30.8B	$29.7B
Total liabilities	$43.9B	$45.6B	$45.4B	$45.3B	$44.1B	$43.5B	$47.3B	$48B	$43.4B	$54.4B	$49.1B	$50.5B
Equity
Common stock & paid-in capital	$7M	$7M	$7M	$7M	$7M	$7M	$7M	$7M	$7M	$7M	$7M	$7M
Retained earnings	$30.6B	$30.8B	$31.4B	$31.2B	$30.8B	$30.8B	$31.2B	$30.8B	$33.2B	$32.9B	$36.3B	$41.4B
Accumulated other comprehensive income	-$282M	-$312M	-$309M	-$141M	-$407M	-$313M	-$118M	-$163M	-$167M	-$231M	-$256M	-$254M
Shareholders' equity	$30.6B	$29.7B	$29.5B	$28.7B	$27.4B	$27.3B	$27.5B	$26.9B	$29.1B	$28.5B	$31.5B	$34.3B
Debt
Total debt (incl. leases)	$19.4B	$20.2B	$20B	$20B	$20.1B	$18.8B	$20.9B	$21.8B	$22.9B	$27.1B	$20.6B	$18.5B
Net debt (debt - cash)	$16B	$18.6B	$17.5B	$18.4B	$18.3B	$17.3B	$19.9B	$19.9B	$21.8B	$22B	$16.5B	$12.7B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	$2.71B	$3.12B	$3.02B	$1.61B	$2.51B	$3.15B	$6.13B	$3.32B	$1.74B	$1.12B
Receivables	$6.4B	$7.51B	$6.17B	$8.51B	$6.52B	$7.47B	$11B	$11.7B	$11B	$9.77B
Inventory	$3.15B	$3.4B	$3.54B	$3.78B	$3.89B	$3.39B	$3.28B	$3.75B	$4B	$5.1B
Other current assets	$0	$0	$0	$0	$0	$0	$0	$1.14B	$1.14B	$1.29B
Current assets	$12.7B	$14.4B	$13.2B	$14.4B	$13.3B	$14.7B	$21.9B	$19.9B	$17.9B	$17.3B
Property, plant & equipment (net)	$20.9B	$21.5B	$22B	$23.8B	$23.7B	$22.4B	$35.2B	$35.7B	$35.3B	$39.1B
Long-term investments	$13.2B	$13.8B	$14.3B	$14.4B	$13.2B	$13.5B	$14.6B	$14.9B	$14.4B	$11.9B
Goodwill	$3.27B	$3.27B	$3.27B	$3.27B	$1.43B	$1.48B	$1.49B	$1.55B	$1.58B	$1.43B
Intangible assets	$888M	$876M	$869M	$869M	$843M	$813M	$831M	$920M	$1.16B	$978M
Other non-current assets	$760M	$528M	$621M	$1.99B	$2.28B	$2.65B	$2.42B	$2.46B	$2.29B	$3B
Non-current assets	$39B	$40B	$41.1B	$44.3B	$41.4B	$40.9B	$54.5B	$55.6B	$54.7B	$56.4B
Total assets	$51.7B	$54.4B	$54.3B	$58.7B	$54.7B	$55.6B	$76.4B	$75.5B	$72.6B	$73.7B
Liabilities
Accounts payable	$7.06B	$8.03B	$6.59B	$8.58B	$5.55B	$8.46B	$11.3B	$10.9B	$10.3B	$8.87B
Accrued expenses	$520M	$455M	$442M	$835M	$1.06B	$959M	$1.88B	$1.41B	$1.16B	$680M
Short-term debt	$550M	$41M	$67M	$547M	$987M	$1.49B	$529M	$1.48B	$1.83B	$1.61B
Taxes payable	$805M	$1B	$1.12B	$979M	$1.35B	$1.25B	$1.4B	$1.2B	$1.06B	$1.36B
Deferred revenue	$805M	$1B	$1.12B	$979M	$1.35B	$1.25B	$1.4B	$1.2B	$0	$0
Other current liabilities	-$278M	-$420M	-$392M	-$287M	-$794M	-$649M	-$633M	-$337M	$732M	$805M
Current liabilities	$9.46B	$10.1B	$8.94B	$11.6B	$9.52B	$12.8B	$15.9B	$15.9B	$15.1B	$13.3B
Long-term debt	$9.59B	$10.1B	$11.1B	$11.2B	$14.9B	$13B	$16.7B	$17.9B	$18.2B	$19.7B
Lease obligations (non-current)	$0	$0	$0	$259M	$248M	$257M	$0	$0	$0	$1.6B
Deferred tax liabilities	$6.74B	$5.01B	$5.28B	$5.55B	$5.64B	$5.48B	$6.67B	$7.42B	$7.1B	$7.31B
Other non-current liabilities	$2.13B	$1.76B	$1.85B	$2.88B	$2.88B	$2.47B	$3.12B	$2.69B	$3.7B	$1.54B
Non-current liabilities	$18.5B	$16.8B	$18.2B	$19.9B	$23.7B	$21.2B	$26.4B	$28B	$29B	$30.1B
Total liabilities	$27.9B	$26.9B	$27.1B	$31.6B	$33.2B	$34B	$42.3B	$43.9B	$44.1B	$43.4B
Equity
Common stock & paid-in capital	$6M	$6M	$6M	$6M	$6M	$7M	$7M	$7M	$7M	$7M
Retained earnings	$12.6B	$16.3B	$20.5B	$22.1B	$16.5B	$16.2B	$25.4B	$30.6B	$30.8B	$33.2B
Accumulated other comprehensive income	-$995M	-$617M	-$692M	-$788M	-$789M	-$445M	-$460M	-$282M	-$407M	-$167M
Shareholders' equity	$22.4B	$25.1B	$24.7B	$24.9B	$19B	$19.2B	$29.5B	$30.6B	$27.4B	$29.1B
Debt
Total debt (incl. leases)	$10.1B	$10.1B	$11.2B	$12B	$16.2B	$14.7B	$17.2B	$19.4B	$20.1B	$22.9B
Net debt (debt - cash)	$7.43B	$6.99B	$8.14B	$10.4B	$13.6B	$11.6B	$11.1B	$16B	$18.3B	$21.8B

Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30

Data as of 2026-11-01