Phillips 66 (PSX) Debt Ratio (2011 - 2026)
Phillips 66's Debt Ratio was 0.25 in Q2 2026, down 8.8% from 0.28 a year earlier and down 22.1% from the prior quarter.
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Analysis
Phillips 66 (PSX) Debt Ratio (2011 - 2026) Analysis & Trends
For FY2025, Debt Ratio at Phillips 66 came in at 0.27, down 3.2% from FY2024.
- In earlier years, Debt Ratio was 0.28 in FY2024 (+7.8%), 0.26 in FY2023 (+14.0%), 0.22 in FY2022 (-13.5%) and 0.26 in FY2021 (-10.5%).
- The Q2 2026 figure marks the lowest quarterly Debt Ratio since Q3 2023.
- Compared with a year earlier, Debt Ratio was higher in five of the last eight quarters, with growth averaging 4.6%.
- The best year-over-year quarter for Debt Ratio over five years was Q2 2023 (growth of 28.5%); the worst was Q2 2022 (a decline of 23.7%).
- Per Business Quant data, PSX's Debt Ratio in the three quarters before Q2 2026 was 0.32 (Q1 2026), 0.27 (Q4 2025) and 0.29 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 746.42 Bn | 702.90 Bn | - | 0.09 |
| 2 | Chevron | 442.96 Bn | 415.08 Bn | 33.45 Bn | 0.11 |
| 3 | Shell | 313.69 Bn | 243.43 Bn | 30.13 Bn | 0.19 |
| 4 | TotalEnergies SE | 200.00 Bn | 80.58 Bn | 61.77 Bn | 0.20 |
| 5 | Conocophillips | 177.72 Bn | 150.43 Bn | 12.81 Bn | 0.19 |
| 6 | Equinor Asa | 121.70 Bn | 36.16 Bn | - | 17.84 |
| 7 | Phillips 66 | 117.59 Bn | 105.38 Bn | 8.38 Bn | 0.25 |
| 8 | Canadian Natural Resources | 112.49 Bn | 109.50 Bn | 8.84 Bn | - |
| 9 | Suncor Energy | 94.96 Bn | 80.71 Bn | - | 0.10 |
| 10 | Eni Spa | 89.38 Bn | 33.94 Bn | - | 0.21 |
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 | 0.21 |
| 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();