Phillips 66 (PSX) Current Taxes (2011 - 2026)
Phillips 66 (PSX) reported Current Taxes of $1.2 billion for Q1 2026, down 5.05% on a YoY basis from $1.2 billion in Q1 2025, and down 13.07% quarter-over-quarter from $1.4 billion in Q4 2025.
Phillips 66 (PSX) Current Taxes (2011 - 2026) Analysis & Trends
Phillips 66 has reported Current Taxes for 16 years, with the latest figure at $1.2 billion in Q1 2026.
- For the quarter ending Q1 2026, Current Taxes fell 5.05% year-over-year to $1.2 billion; the trailing twelve-month figure through Mar 2026 stood at $1.2 billion (down 5.05% YoY), and the FY2025 full-year result was $1.4 billion, up 28.49% from the prior year.
- Current Taxes for Q1 2026 stood at $1.2 billion, down from $1.4 billion in the prior quarter.
- The five-year high for Current Taxes was $1.8 billion in Q3 2022, with the low at $1.1 billion in Q4 2024.
- Historically, Current Taxes has averaged $1.3 billion across 5 years, with a median of $1.4 billion in 2025.
- Annual changes were most pronounced in 2022 — Current Taxes soared 42.66% — and 2023, when it plunged 31.46%.
- Phillips 66's Current Taxes stood at $1.4 billion in 2022, then decreased by 14.1% to $1.2 billion in 2023, then fell by 11.67% to $1.1 billion in 2024, then advanced by 28.49% to $1.4 billion in 2025, then dropped by 13.07% to $1.2 billion in 2026.
- The last three Current Taxes figures came in at $1.2 billion (Q1 2026), $1.4 billion (Q4 2025), and $1.4 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 76.18 Bn | 80.70 Bn | 3.31 Bn | 1.63 Bn |
| 2 | Valero Energy | 75.63 Bn | 72.96 Bn | 30.79 Bn | 1.43 Bn |
| 3 | Phillips 66 | 71.92 Bn | 67.92 Bn | 31.12 Bn | 1.18 Bn |
| 4 | HF Sinclair | 12.56 Bn | 11.48 Bn | 1.19 Bn | 14.00 Mn |
| 5 | Sunoco | 8.81 Bn | 8.10 Bn | 1.69 Bn | - |
| 6 | Cosan | 5.12 Bn | 250.68 Mn | 552.94 Mn | 28.44 Mn |
| 7 | Icahn Enterprises | 4.72 Bn | 3.42 Bn | -134.00 Mn | - |
| 8 | PBF Energy | 4.49 Bn | 4.08 Bn | 278.50 Mn | - |
| 9 | Cvr Energy | 3.16 Bn | 2.85 Bn | -103.00 Mn | - |
| 10 | Delek US Holdings | 2.80 Bn | 2.43 Bn | -130.20 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.18 Bn |
| Dec 31, 2025 | 1.36 Bn |
| Sep 30, 2025 | 1.43 Bn |
| Jun 30, 2025 | 1.54 Bn |
| Mar 31, 2025 | 1.25 Bn |
| Dec 31, 2024 | 1.06 Bn |
| Sep 30, 2024 | 1.21 Bn |
| Jun 30, 2024 | 1.37 Bn |
| Mar 31, 2024 | 1.09 Bn |
| Dec 31, 2023 | 1.20 Bn |
| Sep 30, 2023 | 1.35 Bn |
| Jun 30, 2023 | 1.18 Bn |
| Mar 31, 2023 | 1.39 Bn |
| Dec 31, 2022 | 1.40 Bn |
| Sep 30, 2022 | 1.84 Bn |
| Jun 30, 2022 | 1.72 Bn |
| Mar 31, 2022 | 1.36 Bn |
| Dec 31, 2021 | 1.25 Bn |
| Sep 30, 2021 | 1.29 Bn |
| Jun 30, 2021 | 1.36 Bn |