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Phillips 66 (PSX) Operating Expenses (2016 - 2025)

Phillips 66 (PSX) has disclosed Operating Expenses for 15 consecutive years, with $32.9 billion as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses fell 3.29% year-over-year to $32.9 billion, compared with a TTM value of $131.1 billion through Dec 2025, down 8.18%, and an annual FY2025 reading of $131.1 billion, down 8.18% over the prior year.
  • Operating Expenses was $32.9 billion for Q4 2025 at Phillips 66, down from $34.8 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $45.2 billion in Q2 2022 and bottomed at $22.7 billion in Q1 2021.
  • Average Operating Expenses over 5 years is $34.4 billion, with a median of $34.4 billion recorded in 2024.
  • The sharpest move saw Operating Expenses skyrocketed 136.06% in 2021, then dropped 25.9% in 2023.
  • Year by year, Operating Expenses stood at $31.9 billion in 2021, then rose by 20.1% to $38.4 billion in 2022, then dropped by 3.6% to $37.0 billion in 2023, then decreased by 8.06% to $34.0 billion in 2024, then fell by 3.29% to $32.9 billion in 2025.
  • Business Quant data shows Operating Expenses for PSX at $32.9 billion in Q4 2025, $34.8 billion in Q3 2025, and $32.4 billion in Q2 2025.