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

Phillips 66's Operating Expenses history spans 15 years, with the latest figure at $32.9 billion for Q4 2025.

  • For Q4 2025, Operating Expenses fell 3.29% year-over-year to $32.9 billion; the TTM value through Dec 2025 reached $131.1 billion, down 8.18%, while the annual FY2025 figure was $131.1 billion, 8.18% down from the prior year.
  • Operating Expenses reached $32.9 billion in Q4 2025 per PSX's latest filing, down from $34.8 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $45.2 billion in Q2 2022 to a low of $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.
  • Peak YoY movement for Operating Expenses: skyrocketed 136.06% in 2021, then dropped 25.9% in 2023.
  • A 5-year view of Operating Expenses shows it 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.
  • Per Business Quant, the three most recent readings for PSX's Operating Expenses are $32.9 billion (Q4 2025), $34.8 billion (Q3 2025), and $32.4 billion (Q2 2025).