Phillips 66 (PSX) Tax Rate (2011 - 2026)
Phillips 66 (PSX) reported Tax Rate of 21.97% for Q2 2026, up 3.04 percentage points from 18.93% a year earlier and up 6.20 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 Jun 30, 2026, Phillips 66's Tax Rate came in at 19.04%, up 3.35 percentage points year-over-year; for FY2025, it was 16.46%, down 2.23 percentage points from FY2024.
- Tax Rate has a five-year change of -8.72 percentage points (FY2020 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 (-16.79 pp).
- The Q2 2026 figure ranks as the highest quarterly Tax Rate since Q4 2024.
- Year over year, Tax Rate gained in three of the last eight quarters, with an average year-over-year change of -3.13 percentage points.
- The high point for year-over-year Tax Rate in five years was Q4 2024 (a gain of 265.28 percentage points); the low point was Q4 2025 (a drop of 277.07 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 15.77% (Q1 2026), 15.23% (Q4 2025) and 16.08% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 746.42 Bn | 702.90 Bn | - | 23.39% |
| 2 | Chevron | 442.96 Bn | 415.08 Bn | 33.45 Bn | 26.95% |
| 3 | Shell | 313.69 Bn | 243.43 Bn | 30.13 Bn | 31.41% |
| 4 | TotalEnergies SE | 200.00 Bn | 80.58 Bn | 61.77 Bn | 20.57% |
| 5 | Conocophillips | 177.72 Bn | 150.43 Bn | 12.81 Bn | 35.37% |
| 6 | Equinor Asa | 121.70 Bn | 36.16 Bn | - | - |
| 7 | Phillips 66 | 117.59 Bn | 105.38 Bn | 8.38 Bn | 21.97% |
| 8 | Canadian Natural Resources | 112.49 Bn | 109.50 Bn | 8.84 Bn | 18.22% |
| 9 | Suncor Energy | 94.96 Bn | 80.71 Bn | - | - |
| 10 | Eni Spa | 89.38 Bn | 33.94 Bn | - | - |
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% |
| 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% |
| Dec 31, 2019 | 24.02% |
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();