Phillips 66 (PSX) Debt Ratio (2011 - 2026)
Phillips 66's (PSX) quarterly Debt Ratio came in at 0.25 in Q2 2026, down 8.81% on a YoY basis from 0.28 in Q2 2025, and down 22.07% quarter-over-quarter from 0.32 in Q1 2026.
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Analysis
Phillips 66 (PSX) Debt Ratio (2011 - 2026) Analysis & Trends
Phillips 66 (PSX) has reported Debt Ratio for 16 consecutive years, with 0.25 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Debt Ratio fell 8.81% year-over-year to 0.25; the trailing twelve-month figure through Jun 2026 stood at 0.25 (down 8.81% YoY), and the FY2025 full-year result was 0.27, down 3.19% from the prior year.
- Debt Ratio retreated to 0.25 in Q2 2026 per PSX's latest filing, from 0.32 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.32 in Q1 2026 and bottomed at 0.22 in Q2 2022.
- Historically, Debt Ratio has averaged 0.26 across 5 years, with a median of 0.26 in 2024.
- The sharpest annual moves came in 2022 and 2026: Debt Ratio declined 20.07% in 2022, then increased 23.24% in 2026.
- Over 5 years, Debt Ratio stood at 0.22 in 2022, then grew by 14.02% to 0.26 in 2023, then rose by 7.8% to 0.28 in 2024, then dropped by 3.19% to 0.27 in 2025, then declined by 6.06% to 0.25 in 2026.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.25, 0.32, and 0.27 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 406.10 Bn | 403.25 Bn | 33.45 Bn | 0.08 |
| 2 | Shell | 256.90 Bn | 217.03 Bn | 30.13 Bn | 0.17 |
| 3 | TotalEnergies SE | 202.32 Bn | 173.15 Bn | 23.46 Bn | 0.20 |
| 4 | Eni Spa | 172.63 Bn | 162.79 Bn | - | 0.19 |
| 5 | Conocophillips | 153.88 Bn | 146.19 Bn | 12.81 Bn | 0.19 |
| 6 | Equinor Asa | 107.31 Bn | 98.05 Bn | - | 15.77 |
| 7 | Phillips 66 | 102.33 Bn | 99.43 Bn | 8.38 Bn | 0.25 |
| 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 | 0.10 |
| 10 | Eog Resources | 74.44 Bn | 69.53 Bn | - | 0.14 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.25 |
| Mar 31, 2026 | 0.32 |
| Dec 31, 2025 | 0.27 |
| Sep 30, 2025 | 0.29 |
| Jun 30, 2025 | 0.28 |
| Mar 31, 2025 | 0.26 |
| Dec 31, 2024 | 0.28 |
| Sep 30, 2024 | 0.27 |
| Jun 30, 2024 | 0.26 |
| Mar 31, 2024 | 0.26 |
| Dec 31, 2023 | 0.26 |
| Sep 30, 2023 | 0.25 |
| Jun 30, 2023 | 0.27 |
| Mar 31, 2023 | 0.24 |
| Dec 31, 2022 | 0.22 |
| Sep 30, 2022 | 0.23 |
| Jun 30, 2022 | 0.22 |
| Mar 31, 2022 | 0.24 |
| Dec 31, 2021 | 0.26 |
| Sep 30, 2021 | 0.26 |
API Access
Phillips 66 Debt Ratio 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=debt-ratio&ticker=PSX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "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=debt-ratio&ticker=PSX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();