Phillips 66 (PSX) Deferred Taxes (2011 - 2026)
Phillips 66's (PSX) quarterly Deferred Taxes came in at $66.0 million in Q2 2026, up 237.5% on a YoY basis from $19.6 million in Q2 2025, and down 1.49% quarter-over-quarter from $67.0 million in Q1 2026.
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Phillips 66 (PSX) Deferred Taxes (2011 - 2026) Analysis & Trends
Phillips 66 (PSX) has reported Deferred Taxes for 16 consecutive years, with $66.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Deferred Taxes rose 237.5% year-over-year to $66.0 million; the trailing twelve-month figure through Jun 2026 stood at $492.0 million (up 312.07% YoY), and the FY2025 full-year result was $178.0 million, up 170.92% from the prior year.
- Deferred Taxes slipped to $66.0 million in Q2 2026 per PSX's latest filing, from $67.0 million in the prior quarter.
- Across five years, Deferred Taxes topped out at $856.0 million in Q3 2022 and bottomed at -$164.0 million in Q4 2024.
- Historically, Deferred Taxes has averaged $123.3 million across 5 years, with a median of $116.0 million in 2023.
- The sharpest annual moves came in 2022 and 2024: Deferred Taxes surged 866.67% in 2022, then tumbled 221.85% in 2024.
- Over 5 years, Deferred Taxes stood at $174.0 million in 2022, then dropped by 4.02% to $167.0 million in 2023, then slumped by 198.2% to -$164.0 million in 2024, then surged by 310.37% to $345.0 million in 2025, then tumbled by 80.87% to $66.0 million in 2026.
- According to Business Quant data, Deferred Taxes over the past three periods registered $66.0 million, $67.0 million, and $345.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 406.10 Bn | 403.25 Bn | 33.45 Bn | 298.00 Mn |
| 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 | 47.00 Mn |
| 6 | Equinor Asa | 107.31 Bn | 98.05 Bn | - | - |
| 7 | Phillips 66 | 102.33 Bn | 99.43 Bn | 8.38 Bn | 66.00 Mn |
| 8 | Canadian Natural Resources | 99.17 Bn | 97.27 Bn | 8.84 Bn | 225.55 Mn |
| 9 | Suncor Energy | 81.11 Bn | 75.74 Bn | 17.50 Bn | -71.00 Mn |
| 10 | Eog Resources | 74.44 Bn | 69.53 Bn | - | 346.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 66.00 Mn |
| Mar 31, 2026 | 67.00 Mn |
| Dec 31, 2025 | 345.00 Mn |
| Sep 30, 2025 | 14.00 Mn |
| Jun 30, 2025 | -48.00 Mn |
| Mar 31, 2025 | -133.00 Mn |
| Dec 31, 2024 | -164.00 Mn |
| Sep 30, 2024 | 113.00 Mn |
| Jun 30, 2024 | -145.00 Mn |
| Mar 31, 2024 | -55.00 Mn |
| Dec 31, 2023 | 167.00 Mn |
| Sep 30, 2023 | 408.00 Mn |
| Jun 30, 2023 | 119.00 Mn |
| Mar 31, 2023 | 146.00 Mn |
| Dec 31, 2022 | 174.00 Mn |
| Sep 30, 2022 | 856.00 Mn |
| Jun 30, 2022 | 148.00 Mn |
| Mar 31, 2022 | 142.00 Mn |
| Dec 31, 2021 | 18.00 Mn |
| Sep 30, 2021 | -453.00 Mn |
API Access
Phillips 66 Deferred Taxes 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=deferred-taxes&ticker=PSX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "deferred-taxes", "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=deferred-taxes&ticker=PSX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();