Phillips 66 (PSX) Asset Writedowns and Impairment (2011 - 2026)
Phillips 66 (PSX) reported Asset Writedowns and Impairment of $9 million for Q2 2026, up 125.0% from $4 million a year earlier and up 12.5% from the prior quarter.
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Analysis
Phillips 66 (PSX) Asset Writedowns and Impairment (2011 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Phillips 66's Asset Writedowns and Impairment came in at $1.09 billion; for FY2025, it was $1.1 billion, up 141.2% from FY2024.
- Asset Writedowns and Impairment has a five-year compound annual growth rate of -23.7% (FY2020 to FY2025).
- By year, Asset Writedowns and Impairment came in at $456 million in FY2024, $24 million in FY2023 (-60.0%), $60 million in FY2022 (-96.0%) and $1.5 billion in FY2021 (-64.8%).
- Five-year quarterly Asset Writedowns and Impairment spans a low of $2 million in Q4 2021 and a high of $1.3 billion in Q3 2021.
- Year over year, Asset Writedowns and Impairment gained in four of the last seven quarters, with growth averaging 181.8%.
- The high point for year-over-year Asset Writedowns and Impairment in five years was Q3 2024 (growth of 866.7%); the low point was Q2 2025 (a decline of 98.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $8 million (Q1 2026), $119 million (Q4 2025) and $951 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 746.42 Bn | 702.90 Bn | - |
| 2 | Chevron | 442.96 Bn | 415.08 Bn | 33.45 Bn |
| 3 | Shell | 313.69 Bn | 243.43 Bn | 30.13 Bn |
| 4 | TotalEnergies SE | 200.00 Bn | 80.58 Bn | 61.77 Bn |
| 5 | Conocophillips | 177.72 Bn | 150.43 Bn | 12.81 Bn |
| 6 | Equinor Asa | 121.70 Bn | 36.16 Bn | - |
| 7 | Phillips 66 | 117.59 Bn | 105.38 Bn | 8.38 Bn |
| 8 | Canadian Natural Resources | 112.49 Bn | 109.50 Bn | 8.84 Bn |
| 9 | Suncor Energy | 94.96 Bn | 80.71 Bn | - |
| 10 | Eni Spa | 89.38 Bn | 33.94 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.00 Mn |
| Mar 31, 2026 | 8.00 Mn |
| Dec 31, 2025 | 119.00 Mn |
| Sep 30, 2025 | 951.00 Mn |
| Jun 30, 2025 | 4.00 Mn |
| Mar 31, 2025 | 26.00 Mn |
| Dec 31, 2024 | 37.00 Mn |
| Sep 30, 2024 | 29.00 Mn |
| Jun 30, 2024 | 225.00 Mn |
| Mar 31, 2024 | 165.00 Mn |
| Dec 31, 2023 | 9.00 Mn |
| Sep 30, 2023 | 3.00 Mn |
| Jun 30, 2023 | 4.00 Mn |
| Mar 31, 2023 | 8.00 Mn |
| Dec 31, 2022 | 58.00 Mn |
| Jun 30, 2022 | 2.00 Mn |
| Dec 31, 2021 | 2.00 Mn |
| Sep 30, 2021 | 1.30 Bn |
| Mar 31, 2021 | 198.00 Mn |
| Dec 31, 2020 | 106.00 Mn |
API Access
Phillips 66 Asset Writedowns and Impairment API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-writedowns-and-impairment&ticker=PSX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-writedowns-and-impairment", "ticker": "PSX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-writedowns-and-impairment&ticker=PSX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();