Phillips 66 (PSX) Tax Provisions (2011 - 2026)
Phillips 66's (PSX) quarterly Tax Provisions came in at $41.0 million in Q1 2026, down 66.39% YoY from $122.0 million in Q1 2025, and down 92.21% on a QoQ basis from $526.0 million in Q4 2025.
Phillips 66 (PSX) Tax Provisions (2011 - 2026) Analysis & Trends
Phillips 66 (PSX) has 16 years of Tax Provisions data on file, last reported at $41.0 million in Q1 2026.
- Quarterly Tax Provisions fell 66.39% year-over-year to $41.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $811.0 million (up 93.56% YoY) and the FY2025 annual result came in at $892.0 million, up 78.4% from the prior year.
- Tax Provisions declined to $41.0 million in Q1 2026, from $526.0 million in the prior quarter.
- In the past five years, Tax Provisions ranged from a high of $1.6 billion in Q3 2022 to a low of -$38.0 million in Q4 2024.
- A 5-year average of $406.5 million and a median of $291.0 million in 2024 frame the typical range for Tax Provisions.
- Annual changes were most pronounced in 2022 — Tax Provisions surged 4145.0% — and 2024, when it sank 107.98%.
- Tracing PSX's Tax Provisions over 5 years: stood at $535.0 million in 2022, then slipped by 11.03% to $476.0 million in 2023, then slumped by 107.98% to -$38.0 million in 2024, then jumped by 1484.21% to $526.0 million in 2025, then plunged by 92.21% to $41.0 million in 2026.
- The last three Tax Provisions figures came in at $41.0 million (Q1 2026), $526.0 million (Q4 2025), and $32.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 96.22 Bn | 88.45 Bn | 9.27 Bn | 1.44 Bn |
| 2 | Valero Energy | 95.00 Bn | 87.13 Bn | 5.47 Bn | 1.09 Bn |
| 3 | Phillips 66 | 89.23 Bn | 85.13 Bn | 8.38 Bn | 1.09 Bn |
| 4 | HF Sinclair | 15.53 Bn | 13.27 Bn | 1.57 Bn | 279.00 Mn |
| 5 | Sunoco | 10.08 Bn | 9.31 Bn | 1.46 Bn | 79.00 Mn |
| 6 | PBF Energy | 8.21 Bn | 7.32 Bn | 1.15 Bn | 314.20 Mn |
| 7 | Cosan | 6.58 Bn | 1.47 Bn | 552.94 Mn | 617.16 Mn |
| 8 | Ultrapar Holdings | 6.41 Bn | 4.69 Bn | 603.08 Mn | 268.29 Mn |
| 9 | Icahn Enterprises | 5.04 Bn | 3.07 Bn | 198.00 Mn | 2.00 Mn |
| 10 | Delek US Holdings | 3.91 Bn | 3.28 Bn | 365.10 Mn | 41.80 Mn |
Historic Data
Download 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 |