Phillips 66 (PSX) Tax Provisions (2011 - 2026)
Phillips 66's (PSX) quarterly Tax Provisions came in at $1.1 billion in Q2 2026, up 415.09% on a YoY basis from $212.0 million in Q2 2025, and up 2563.41% quarter-over-quarter from $41.0 million in Q1 2026.
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Analysis
Phillips 66 (PSX) Tax Provisions (2011 - 2026) Analysis & Trends
Phillips 66 (PSX) has reported Tax Provisions for 16 consecutive years, with $1.1 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Provisions rose 415.09% year-over-year to $1.1 billion; the trailing twelve-month figure through Jun 2026 stood at $1.7 billion (up 397.35% YoY), and the FY2025 full-year result was $892.0 million, up 78.4% from the prior year.
- Tax Provisions climbed to $1.1 billion in Q2 2026 per PSX's latest filing, from $41.0 million in the prior quarter.
- Across five years, Tax Provisions topped out at $1.6 billion in Q3 2022 and bottomed at -$38.0 million in Q4 2024.
- Historically, Tax Provisions has averaged $444.6 million across 5 years, with a median of $383.5 million in 2023.
- The sharpest annual moves came in 2022 and 2024: Tax Provisions soared 4145.0% in 2022, then slumped 107.98% in 2024.
- Over 5 years, Tax Provisions stood at $535.0 million in 2022, then declined by 11.03% to $476.0 million in 2023, then plunged by 107.98% to -$38.0 million in 2024, then soared by 1484.21% to $526.0 million in 2025, then jumped by 107.6% to $1.1 billion in 2026.
- According to Business Quant data, Tax Provisions over the past three periods registered $1.1 billion, $41.0 million, and $526.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 406.10 Bn | 403.25 Bn | 33.45 Bn | 4.50 Bn |
| 2 | Shell | 256.90 Bn | 217.03 Bn | 30.13 Bn | 4.95 Bn |
| 3 | TotalEnergies SE | 202.32 Bn | 173.15 Bn | 23.46 Bn | -3.15 Bn |
| 4 | Eni Spa | 172.63 Bn | 162.79 Bn | - | -1.53 Bn |
| 5 | Conocophillips | 153.88 Bn | 146.19 Bn | 12.81 Bn | 2.15 Bn |
| 6 | Equinor Asa | 107.31 Bn | 98.05 Bn | - | -8.19 Bn |
| 7 | Phillips 66 | 102.33 Bn | 99.43 Bn | 8.38 Bn | 1.09 Bn |
| 8 | Canadian Natural Resources | 99.17 Bn | 97.27 Bn | 8.84 Bn | 775.70 Mn |
| 9 | Suncor Energy | 81.11 Bn | 75.74 Bn | 17.50 Bn | 1.32 Bn |
| 10 | Eog Resources | 74.44 Bn | 69.53 Bn | - | 775.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.09 Bn |
| Mar 31, 2026 | 41.00 Mn |
| Dec 31, 2025 | 526.00 Mn |
| Sep 30, 2025 | 32.00 Mn |
| Jun 30, 2025 | 212.00 Mn |
| Mar 31, 2025 | 122.00 Mn |
| Dec 31, 2024 | -38.00 Mn |
| Sep 30, 2024 | 44.00 Mn |
| Jun 30, 2024 | 291.00 Mn |
| Mar 31, 2024 | 203.00 Mn |
| Dec 31, 2023 | 476.00 Mn |
| Sep 30, 2023 | 670.00 Mn |
| Jun 30, 2023 | 510.00 Mn |
| Mar 31, 2023 | 574.00 Mn |
| Dec 31, 2022 | 535.00 Mn |
| Sep 30, 2022 | 1.62 Bn |
| Jun 30, 2022 | 924.00 Mn |
| Mar 31, 2022 | 171.00 Mn |
| Dec 31, 2021 | 256.00 Mn |
| Sep 30, 2021 | -40.00 Mn |
API Access
Phillips 66 Tax Provisions 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=tax-provisions&ticker=PSX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-provisions", "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=tax-provisions&ticker=PSX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();