Phillips 66
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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FY2025 · Filed Feb 20, 2026
PSX$250.70-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheet at December 31, 2025 and 2024
| Consolidated Balance Sheet | Phillips 66 | |
|---|---|---|
| Millions of Dollars | ||
| At December 31 | 2025 | 2024 |
| Assets | ||
| Cash and cash equivalents | $1,116 | 1,738 |
| Accounts and notes receivable (net of allowances of $68 million in 2025 and $70 million in 2024) | 9,158 | 9,544 |
| Accounts and notes receivable—related parties | 613 | 1,489 |
| Inventories | 5,097 | 3,995 |
| Prepaid expenses and other current assets | 1,287 | 1,144 |
| Total Current Assets | 17,271 | 17,910 |
| Investments and long-term receivables | 11,905 | 14,378 |
| Net properties, plants and equipment | 39,097 | 35,264 |
| Goodwill | 1,433 | 1,575 |
| Intangibles | 978 | 1,161 |
| Other assets | 2,996 | 2,294 |
| Total Assets | $73,680 | 72,582 |
| Liabilities | ||
| Accounts payable | $8,581 | 9,792 |
| Accounts payable—related parties | 286 | 512 |
| Short-term debt | 1,038 | 1,831 |
| Accrued income and other taxes | 1,362 | 1,060 |
| Employee benefit obligations | 680 | 732 |
| Other accruals | 1,379 | 1,160 |
| Total Current Liabilities | 13,326 | 15,087 |
| Long-term debt | 18,678 | 18,231 |
| Asset retirement obligations and accrued environmental costs | 1,022 | 1,129 |
| Deferred income taxes | 7,308 | 7,101 |
| Employee benefit obligations | 573 | 703 |
| Other liabilities and deferred credits | 2,532 | 1,868 |
| Total Liabilities | 43,439 | 44,119 |
| Equity | ||
| Common stock (2,500,000,000 shares authorized at $0.01 par value)Issued (2025—659,391,484 shares; 2024—656,987,861 shares) | ||
| Par value | 7 | 7 |
| Capital in excess of par | 19,948 | 19,788 |
| Treasury stock (at cost: 2025—258,252,603 shares; 2024—248,594,923 shares) | (23,934) | (22,751) |
| Retained earnings | 33,239 | 30,771 |
| Accumulated other comprehensive loss | (167) | (407) |
| Total Stockholders’ Equity | 29,093 | 27,408 |
| Noncontrolling interests | 1,148 | 1,055 |
| Total Equity | 30,241 | 28,463 |
| Total Liabilities and Equity | $73,680 | 72,582 |
| See Notes to Consolidated Financial Statements. | ||
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