Phillips 66 (PSX) Tax Rate (2011 - 2026)
Phillips 66 (PSX) reported Tax Rate of 20.67% for Q3 2026, up 4.59 percentage points from 16.08% a year earlier but down 1.30 percentage points from the prior quarter.
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Analysis
Phillips 66 (PSX) Tax Rate (2011 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Phillips 66's Tax Rate came in at 19.81%, up 3.02 percentage points year-over-year; for FY2025, it was 16.46%, down 2.23 percentage points from FY2024.
- Tax Rate has a four-year change of +8.07 percentage points (FY2021 to FY2025).
- By year, Tax Rate came in at 18.69% in FY2024 (-4.86 pp), 23.55% in FY2023 (+1.36 pp), 22.19% in FY2022 (+13.80 pp) and 8.39% in FY2021.
- Five-year quarterly Tax Rate spans a low of 10.65% in Q3 2024 and a high of 27.03% in Q4 2023.
- Year over year, Tax Rate gained in three of the last six quarters, with an average year-over-year change of +0.75 percentage points.
- The high point for year-over-year Tax Rate in five years was Q2 2022 (a gain of 8.28 percentage points); the low point was Q3 2024 (a drop of 13.16 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 21.97% (Q2 2026), 15.77% (Q1 2026) and 15.23% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 688.07 Bn | 646.21 Bn | - | 24.55% |
| 2 | Chevron | 421.08 Bn | 393.20 Bn | 33.45 Bn | 26.95% |
| 3 | Shell | 295.54 Bn | 155.81 Bn | - | - |
| 4 | TotalEnergies SE | 194.84 Bn | 65.92 Bn | 31,614.00 | - |
| 5 | Eni Spa | 168.93 Bn | 108.56 Bn | - | - |
| 6 | Conocophillips | 165.73 Bn | 138.44 Bn | 12.81 Bn | 35.37% |
| 7 | Equinor Asa | 110.59 Bn | 23.44 Bn | 4.49 Bn | - |
| 8 | Canadian Natural Resources | 102.76 Bn | 99.76 Bn | 8.84 Bn | 18.22% |
| 9 | Phillips 66 | 98.51 Bn | 82.30 Bn | 10.69 Bn | 20.67% |
| 10 | Suncor Energy | 84.36 Bn | 65.05 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 20.67% |
| Jun 30, 2026 | 21.97% |
| Mar 31, 2026 | 15.77% |
| Dec 31, 2025 | 15.23% |
| Sep 30, 2025 | 16.08% |
| Jun 30, 2025 | 18.93% |
| Mar 31, 2025 | 18.83% |
| Sep 30, 2024 | 10.65% |
| Jun 30, 2024 | 22.20% |
| Mar 31, 2024 | 21.06% |
| Dec 31, 2023 | 27.03% |
| Sep 30, 2023 | 23.82% |
| Jun 30, 2023 | 22.73% |
| Mar 31, 2023 | 21.65% |
| Dec 31, 2022 | 21.01% |
| Sep 30, 2022 | 22.60% |
| Jun 30, 2022 | 22.50% |
| Mar 31, 2022 | 20.65% |
| Dec 31, 2021 | 15.73% |
| Jun 30, 2021 | 14.22% |
API Access
Phillips 66 Tax Rate 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-rate&ticker=PSX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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-rate&ticker=PSX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();