Phillips 66 annual net debt
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Phillips 66 Net Debt Growth & History (PSX)
Phillips 66's net debt was $20.47B for fiscal 2025.
View full Phillips 66 company overviewPhillips 66 annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $20.47B | $791.0M | +4.02% |
| 2024 | 2024-12-31 | $19.68B | $2.49B | +14.49% |
| 2023 | 2023-12-31 | $17.19B | $5.10B | +42.24% |
| 2022 | 2022-12-31 | $12.08B | −$285.0M | −2.30% |
| 2021 | 2021-12-31 | $12.37B | −$2.23B | −15.29% |
| 2020 | 2020-12-31 | $14.60B | $3.19B | +27.97% |
| 2019 | 2019-12-31 | $11.41B | $3.27B | +40.15% |
| 2018 | 2018-12-31 | $8.14B | $1.15B | +16.45% |
| 2017 | 2017-12-31 | $6.99B | −$436.0M | −5.87% |
| 2016 | 2016-12-31 | $7.43B | $1.61B | +27.77% |
| 2015 | 2015-12-31 | $5.81B | $2.38B | +69.57% |
| 2014 | 2014-12-31 | $3.43B | $2.67B | +354.04% |
| 2013 | 2013-12-31 | $755.0M | −$2.75B | −78.43% |
| 2012 | 2012-12-31 | $3.50B | $3.11B | +795.14% |
| 2011 | 2011-12-31 | $391.0M | — | — |
Phillips 66 quarterly net debt
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| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $14.67B | −$1.48B | −9.16% |
| Q1 2026 | 2026-03-31 | $13.53B | −$2.73B | −16.78% |
| Q4 2025 | 2025-12-31 | $20.47B | $791.0M | +4.02% |
| Q3 2025 | 2025-09-30 | $17.32B | $484.0M | +2.87% |
| Q2 2025 | 2025-06-30 | $16.15B | $1.41B | +9.58% |
| Q1 2025 | 2025-03-31 | $16.25B | −$6.0M | −0.04% |
| Q4 2024 | 2024-12-31 | $19.68B | $2.49B | +14.49% |
| Q3 2024 | 2024-09-30 | $16.84B | $1.85B | +12.32% |
| Q2 2024 | 2024-06-30 | $14.74B | −$1.27B | −7.93% |
| Q1 2024 | 2024-03-31 | $16.26B | $5.56B | +52.02% |
| Q4 2023 | 2023-12-31 | $17.19B | $5.10B | +42.24% |
| Q3 2023 | 2023-09-30 | $14.99B | $1.08B | +7.76% |
| Q2 2023 | 2023-06-30 | $16.00B | $5.84B | +57.53% |
| Q1 2023 | 2023-03-31 | $10.70B | $1.07B | +11.12% |
| Q4 2022 | 2022-12-31 | $12.08B | −$285.0M | −2.30% |
| Q3 2022 | 2022-09-30 | $13.91B | $3.39B | +32.20% |
| Q2 2022 | 2022-06-30 | $10.16B | −$557.0M | −5.20% |
| Q1 2022 | 2022-03-31 | $9.63B | −$3.93B | −28.99% |
| Q4 2021 | 2021-12-31 | $12.37B | −$2.23B | −15.29% |
| Q3 2021 | 2021-09-30 | $10.52B | −$680.0M | −6.07% |
| Q2 2021 | 2021-06-30 | $10.72B | −$56.0M | −0.52% |
| Q1 2021 | 2021-03-31 | $13.55B | $4.06B | +42.70% |
| Q4 2020 | 2020-12-31 | $14.60B | $3.19B | +27.97% |
| Q3 2020 | 2020-09-30 | $11.20B | $1.10B | +10.90% |
| Q2 2020 | 2020-06-30 | $10.77B | $536.0M | +5.24% |
| Q1 2020 | 2020-03-31 | $9.50B | −$1.85B | −16.29% |
| Q4 2019 | 2019-12-31 | $11.41B | $3.27B | +40.15% |
| Q3 2019 | 2019-09-30 | $10.10B | $6.0M | +0.06% |
| Q2 2019 | 2019-06-30 | $10.24B | $1.10B | +12.01% |
| Q1 2019 | 2019-03-31 | $11.35B | $611.0M | +5.69% |
| Q4 2018 | 2018-12-31 | $8.14B | $1.15B | +16.45% |
| Q3 2018 | 2018-09-30 | $10.10B | $1.95B | +23.92% |
| Q2 2018 | 2018-06-30 | $9.14B | $1.83B | +25.00% |
| Q1 2018 | 2018-03-31 | $10.74B | $2.65B | +32.75% |
| Q4 2017 | 2017-12-31 | $6.99B | −$436.0M | −5.87% |
| Q3 2017 | 2017-09-30 | $8.15B | $3.21B | +65.01% |
| Q2 2017 | 2017-06-30 | $7.31B | $2.21B | +43.41% |
| Q1 2017 | 2017-03-31 | $8.09B | $1.01B | +14.24% |
| Q4 2016 | 2016-12-31 | $7.43B | $1.61B | +27.77% |
| Q3 2016 | 2016-09-30 | $4.94B | $852.0M | +20.85% |
| Q2 2016 | 2016-06-30 | $5.10B | $1.26B | +32.97% |
| Q1 2016 | 2016-03-31 | $7.08B | $3.56B | +100.91% |
| Q4 2015 | 2015-12-31 | $5.81B | $2.38B | +69.57% |
| Q3 2015 | 2015-09-30 | $4.09B | $1.02B | +33.09% |
| Q2 2015 | 2015-06-30 | $3.83B | $2.62B | +214.78% |
| Q1 2015 | 2015-03-31 | $3.52B | $2.67B | +314.10% |
| Q4 2014 | 2014-12-31 | $3.43B | $2.67B | +354.04% |
| Q3 2014 | 2014-09-30 | $3.07B | $2.88B | +1515.79% |
| Q2 2014 | 2014-06-30 | $1.22B | −$1.02B | −45.50% |
| Q1 2014 | 2014-03-31 | $851.0M | −$1.35B | −61.41% |
| Q4 2013 | 2013-12-31 | $755.0M | −$2.75B | −78.43% |
| Q3 2013 | 2013-09-30 | $190.0M | −$2.77B | −93.59% |
| Q2 2013 | 2013-06-30 | $2.23B | −$2.65B | −54.22% |
| Q1 2013 | 2013-03-31 | $2.21B | −$662.0M | −23.09% |
| Q4 2012 | 2012-12-31 | $3.50B | $3.11B | +795.14% |
| Q3 2012 | 2012-09-30 | $2.96B | — | — |
| Q2 2012 | 2012-06-30 | $4.88B | — | — |
| Q1 2012 | 2012-03-31 | $2.87B | — | — |
| Q4 2011 | 2011-12-31 | $391.0M | — | — |
Phillips 66 net debt trends
Over the last five fiscal years, Phillips 66's net debt increased from $14.60B to $20.47B, a change of $5.87B. The latest reported quarter, Q2 2026, shows $14.67B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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