Phillips 66 (PSX) Tax Rate (2011 - 2026)
Phillips 66's (PSX) quarterly Tax Rate came in at 21.97% in Q2 2026, up 304.0% on a YoY basis from 5.44% in Q2 2025, and up 39.31% quarter-over-quarter from 15.77% in Q1 2026.
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Analysis
Phillips 66 (PSX) Tax Rate (2011 - 2026) Analysis & Trends
Phillips 66 (PSX) has reported Tax Rate for 16 consecutive years, with 21.97% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate rose 304.0% year-over-year to 21.97%; the trailing twelve-month figure through Jun 2026 stood at 19.04% (up 335.0% YoY), and the FY2025 full-year result was 16.46%, down 223.0% from the prior year.
- Tax Rate advanced to 21.97% in Q2 2026 per PSX's latest filing, from 15.77% in the prior quarter.
- Across five years, Tax Rate topped out at 292.31% in Q4 2024 and bottomed at 10.65% in Q3 2024.
- Historically, Tax Rate has averaged 35.28% across 5 years, with a median of 21.36% in 2023.
- The sharpest annual moves came in 2024 and 2025: Tax Rate soared 26528 bps in 2024, then sank 27707 bps in 2025.
- Over 5 years, Tax Rate stood at 21.01% in 2022, then climbed by 29 bps to 27.03% in 2023, then soared by 981 bps to 292.31% in 2024, then slumped by 95 bps to 15.23% in 2025, then jumped by 44 bps to 21.97% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 21.97%, 15.77%, and 15.23% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 406.10 Bn | 403.25 Bn | 33.45 Bn | 26.95% |
| 2 | Shell | 256.90 Bn | 217.03 Bn | 30.13 Bn | 31.41% |
| 3 | TotalEnergies SE | 202.32 Bn | 173.15 Bn | 23.46 Bn | 13.89% |
| 4 | Eni Spa | 172.63 Bn | 162.79 Bn | - | -32.93% |
| 5 | Conocophillips | 153.88 Bn | 146.19 Bn | 12.81 Bn | 35.37% |
| 6 | Equinor Asa | 107.31 Bn | 98.05 Bn | - | -62.89% |
| 7 | Phillips 66 | 102.33 Bn | 99.43 Bn | 8.38 Bn | 21.97% |
| 8 | Canadian Natural Resources | 99.17 Bn | 97.27 Bn | 8.84 Bn | 18.22% |
| 9 | Suncor Energy | 81.11 Bn | 75.74 Bn | 17.50 Bn | 26.47% |
| 10 | Eog Resources | 74.44 Bn | 69.53 Bn | - | 22.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Dec 31, 2024 | 292.31% |
| 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% |
| Sep 30, 2021 | -8.93% |
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();