Phillips 66 (PSX) Interest Expenses (2011 - 2026)
Phillips 66 (PSX) reported Interest Expenses of $314 million for Q2 2026, up 18.9% from $264 million a year earlier and up 9.8% from the prior quarter.
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Analysis
Phillips 66 (PSX) Interest Expenses (2011 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Phillips 66's Interest Expenses came in at $1.15 billion, up 23.6% year-over-year; for FY2025, it came in at $1.04 billion, up 14.6% from FY2024.
- Interest Expenses has increased for six consecutive years, with a five-year compound annual growth rate of 15.8% (FY2020 to FY2025).
- By year, Interest Expenses came in at $907 million in FY2024 (+1.1%), $897 million in FY2023 (+44.9%), $619 million in FY2022 (+6.5%) and $581 million in FY2021 (+16.4%).
- The Q2 2026 figure ranks as the highest quarterly Interest Expenses in data going back to Q1 2011.
- Year over year, Interest Expenses has now increased in each of the last five quarters, with growth averaging 14.0% over the last eight quarters.
- The high point for year-over-year Interest Expenses in five years was Q2 2023 (growth of 100.0%); the low point was Q2 2024 (a decline of 13.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $286 million (Q1 2026), $295 million (Q4 2025) and $259 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 746.42 Bn | 702.90 Bn | - | 227.00 Mn |
| 2 | Chevron | 442.96 Bn | 415.08 Bn | 33.45 Bn | 352.00 Mn |
| 3 | Shell | 313.69 Bn | 243.43 Bn | 30.13 Bn | 1.11 Bn |
| 4 | TotalEnergies SE | 200.00 Bn | 80.58 Bn | 61.77 Bn | -572.00 |
| 5 | Conocophillips | 177.72 Bn | 150.43 Bn | 12.81 Bn | 182.00 Mn |
| 6 | Equinor Asa | 121.70 Bn | 36.16 Bn | - | - |
| 7 | Phillips 66 | 117.59 Bn | 105.38 Bn | 8.38 Bn | 314.00 Mn |
| 8 | Canadian Natural Resources | 112.49 Bn | 109.50 Bn | 8.84 Bn | 172.06 Mn |
| 9 | Suncor Energy | 94.96 Bn | 80.71 Bn | - | - |
| 10 | Eni Spa | 89.38 Bn | 33.94 Bn | - | -2.40 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 314.00 Mn |
| Mar 31, 2026 | 286.00 Mn |
| Dec 31, 2025 | 295.00 Mn |
| Sep 30, 2025 | 259.00 Mn |
| Jun 30, 2025 | 264.00 Mn |
| Mar 31, 2025 | 221.00 Mn |
| Dec 31, 2024 | 220.00 Mn |
| Sep 30, 2024 | 229.00 Mn |
| Jun 30, 2024 | 231.00 Mn |
| Mar 31, 2024 | 227.00 Mn |
| Dec 31, 2023 | 218.00 Mn |
| Sep 30, 2023 | 221.00 Mn |
| Jun 30, 2023 | 266.00 Mn |
| Mar 31, 2023 | 192.00 Mn |
| Dec 31, 2022 | 193.00 Mn |
| Sep 30, 2022 | 158.00 Mn |
| Jun 30, 2022 | 133.00 Mn |
| Mar 31, 2022 | 135.00 Mn |
| Dec 31, 2021 | 141.00 Mn |
| Sep 30, 2021 | 151.00 Mn |
API Access
Phillips 66 Interest Expenses 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=interest-expenses&ticker=PSX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "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=interest-expenses&ticker=PSX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();