Phillips 66 (PSX) Asset Writedowns and Impairment (2011 - 2026)
Phillips 66's (PSX) quarterly Asset Writedowns and Impairment came in at $9.0 million in Q2 2026, up 125.0% on a YoY basis from $4.0 million in Q2 2025, and up 12.5% quarter-over-quarter from $8.0 million in Q1 2026.
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Analysis
Phillips 66 (PSX) Asset Writedowns and Impairment (2011 - 2026) Analysis & Trends
Phillips 66 (PSX) has reported Asset Writedowns and Impairment for 16 consecutive years, with $9.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Asset Writedowns and Impairment rose 125.0% year-over-year to $9.0 million; the trailing twelve-month figure through Jun 2026 stood at $1.1 billion (up 1032.29% YoY), and the FY2025 full-year result was $1.1 billion, up 141.23% from the prior year.
- Asset Writedowns and Impairment improved to $9.0 million in Q2 2026 per PSX's latest filing, from $8.0 million in the prior quarter.
- Across five years, Asset Writedowns and Impairment topped out at $951.0 million in Q3 2025 and bottomed at $2.0 million in Q2 2022.
- Historically, Asset Writedowns and Impairment has averaged $103.6 million across 5 years, with a median of $17.5 million in 2023.
- The sharpest annual moves came in 2024 and 2025: Asset Writedowns and Impairment jumped 5525.0% in 2024, then plunged 98.22% in 2025.
- Over 5 years, Asset Writedowns and Impairment stood at $58.0 million in 2022, then plunged by 84.48% to $9.0 million in 2023, then soared by 311.11% to $37.0 million in 2024, then surged by 221.62% to $119.0 million in 2025, then plunged by 92.44% to $9.0 million in 2026.
- According to Business Quant data, Asset Writedowns and Impairment over the past three periods registered $9.0 million, $8.0 million, and $119.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Chevron | 406.10 Bn | 403.25 Bn | 33.45 Bn |
| 2 | Shell | 256.90 Bn | 217.03 Bn | 30.13 Bn |
| 3 | TotalEnergies SE | 202.32 Bn | 173.15 Bn | 23.46 Bn |
| 4 | Eni Spa | 172.63 Bn | 162.79 Bn | - |
| 5 | Conocophillips | 153.88 Bn | 146.19 Bn | 12.81 Bn |
| 6 | Equinor Asa | 107.31 Bn | 98.05 Bn | - |
| 7 | Phillips 66 | 102.33 Bn | 99.43 Bn | 8.38 Bn |
| 8 | Canadian Natural Resources | 99.17 Bn | 97.27 Bn | 8.84 Bn |
| 9 | Suncor Energy | 81.11 Bn | 75.74 Bn | 17.50 Bn |
| 10 | Eog Resources | 74.44 Bn | 69.53 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();