Phillips 66 (PSX) Cost of Revenue (2012 - 2026)
Phillips 66's (PSX) quarterly Cost of Revenue came in at $43.7 billion in Q2 2026, up 50.17% on a YoY basis from $29.1 billion in Q2 2025, and up 49.45% quarter-over-quarter from $29.2 billion in Q1 2026.
Powered by 
Analysis
Phillips 66 (PSX) Cost of Revenue (2012 - 2026) Analysis & Trends
Phillips 66 (PSX) has reported Cost of Revenue for 15 consecutive years, with $43.7 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cost of Revenue rose 50.17% year-over-year to $43.7 billion; the trailing twelve-month figure through Jun 2026 stood at $132.2 billion (up 10.49% YoY), and the FY2025 full-year result was $116.1 billion, down 10.67% from the prior year.
- Cost of Revenue improved to $43.7 billion in Q2 2026 per PSX's latest filing, from $29.2 billion in the prior quarter.
- Across five years, Cost of Revenue topped out at $43.7 billion in Q2 2026 and bottomed at $27.7 billion in Q1 2025.
- Historically, Cost of Revenue has averaged $33.2 billion across 5 years, with a median of $32.3 billion in 2024.
- The sharpest annual moves came in 2022 and 2023: Cost of Revenue surged 69.11% in 2022, then decreased 28.31% in 2023.
- Over 5 years, Cost of Revenue stood at $35.1 billion in 2022, then decreased by 3.7% to $33.8 billion in 2023, then decreased by 9.13% to $30.8 billion in 2024, then fell by 5.26% to $29.1 billion in 2025, then surged by 49.86% to $43.7 billion in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $43.7 billion, $29.2 billion, and $29.1 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 406.10 Bn | 403.25 Bn | 33.45 Bn | 36.61 Bn |
| 2 | Shell | 256.90 Bn | 217.03 Bn | 30.13 Bn | 64.53 Bn |
| 3 | TotalEnergies SE | 202.32 Bn | 173.15 Bn | 23.46 Bn | 38.31 Bn |
| 4 | Eni Spa | 172.63 Bn | 162.79 Bn | - | - |
| 5 | Conocophillips | 153.88 Bn | 146.19 Bn | 12.81 Bn | 6.71 Bn |
| 6 | Equinor Asa | 107.31 Bn | 98.05 Bn | - | - |
| 7 | Phillips 66 | 102.33 Bn | 99.43 Bn | 8.38 Bn | 43.66 Bn |
| 8 | Canadian Natural Resources | 99.17 Bn | 97.27 Bn | 8.84 Bn | 1.81 Bn |
| 9 | Suncor Energy | 81.11 Bn | 75.74 Bn | 17.50 Bn | 1.51 Bn |
| 10 | Eog Resources | 74.44 Bn | 69.53 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 43.66 Bn |
| Mar 31, 2026 | 29.22 Bn |
| Dec 31, 2025 | 29.14 Bn |
| Sep 30, 2025 | 30.22 Bn |
| Jun 30, 2025 | 29.08 Bn |
| Mar 31, 2025 | 27.66 Bn |
| Dec 31, 2024 | 30.75 Bn |
| Sep 30, 2024 | 32.19 Bn |
| Jun 30, 2024 | 34.63 Bn |
| Mar 31, 2024 | 32.39 Bn |
| Dec 31, 2023 | 33.84 Bn |
| Sep 30, 2023 | 34.33 Bn |
| Jun 30, 2023 | 30.57 Bn |
| Mar 31, 2023 | 29.34 Bn |
| Dec 31, 2022 | 35.15 Bn |
| Sep 30, 2022 | 38.65 Bn |
| Jun 30, 2022 | 42.65 Bn |
| Mar 31, 2022 | 33.50 Bn |
| Dec 31, 2021 | 29.29 Bn |
| Sep 30, 2021 | 27.53 Bn |
API Access
Phillips 66 Cost of Revenue 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=cost-of-revenue&ticker=PSX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "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=cost-of-revenue&ticker=PSX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();