Phillips 66 (PSX) Debt/Assets Ratio: History & Chart

Phillips 66(PSX)

Oil & Gas Refining & Marketing · Houston, TX

$259.88+4.79 (+1.88%)

Delayed quote: Sep 8, 2026, 2:50 PM EDT

About Phillips 66

Phillips 66 operates as a diversified energy company, specializing in both manufacturing and logistics. Its comprehensive business model is structured across four primary segments: Midstream, Chemicals, Refining, and Marketing & Specialties (M&S). The Midstream division manages the vital infrastructure for transporting and processing various energy commodities. This includes moving crude oil and other feedstocks, delivering refined petroleum products to market, offering terminaling and storage solutions, and handling natural gas liquids (NGLs) through processes like transportation, storage, fractionation, export, and marketing. It also provides fee-based processing services and oversees the gathering, processing, transportation, and marketing of natural gas. The Chemicals segment is dedicated to the production and distribution of a broad spectrum of chemical products. This encompasses olefins like ethylene, aromatics and styrenics such as benzene, cyclohexane, styrene, and polystyrene, alongside various specialty chemicals. These specialty products include organosulfur compounds, solvents, catalysts, and chemicals utilized in drilling and mining operations. Through its Refining segment, Phillips 66 transforms crude oil and other feedstocks into essential petroleum products. These include different grades of gasoline, distillates, aviation fuels, and renewable fuels, processed at its network of 12 refineries located in the United States and Europe. The Marketing & Specialties (M&S) segment focuses on the procurement, resale, and marketing of refined petroleum products like gasolines, distillates, and aviation fuels, primarily serving markets in the United States and Europe. This segment also manufactures and distributes specialized products, including base oils and lubricants. Phillips 66, founded in 1875, is headquartered in Houston, Texas.

Houston, TX

12,600 employees

www.phillips66.com

Energy / Oil & Gas Refining & Marketing

Sector: Energy
Industry: Oil & Gas Refining & Marketing
CEO: Mark E. Lashier

View full financials

PSX Debt to Assets Ratio Metrics

DEBT TO ASSETS RATIO

25.14%

DEBT TO ASSETS RATIO AVG TTM

28.92%

DEBT TO ASSETS RATIO AVG 3Y

26.51%

DEBT TO ASSETS RATIO AVG 5Y

25.81%

DEBT TO ASSETS RATIO AVG 10Y

23.88%

DEBT TO ASSETS RATIO AVG 15Y

21.27%

DEBT TO ASSETS RATIO AVG 20Y

N/A

CURRENT VS TTM AVG

-13.08%

CURRENT VS 3Y AVG

-5.16%

CURRENT VS 5Y AVG

-2.61%

CURRENT VS 10Y AVG

+5.25%

CURRENT VS 15Y AVG

+18.16%

CURRENT VS 20Y AVG

N/A

SECTOR MEDIAN · ENERGY

0.22%

median of 49 covered companies

CURRENT VS SECTOR MEDIAN

+11326.14%

vs the sector median at left

NAME	MARKET CAP	DEBT TO ASSETS RATIO	TTM	3Y	5Y
Phillips 66 (PSX)	$104.19B	25.14%	28.92%	26.51%	25.81%
Canadian Natural Resources Limited (CNQ)vs ›	$106.80B	0.18%	N/A	N/A	N/A
Valero Energy Corporation (VLO)vs ›	$110.23B	0.18%	N/A	N/A	N/A
Marathon Petroleum Corporation (MPC)vs ›	$116.22B	0.36%	N/A	N/A	N/A
The Williams Companies, Inc. (WMB)vs ›	$92.01B	0.51%	N/A	N/A	N/A
Slb N.V. (SLB)vs ›	$85.21B	0.23%	N/A	N/A	N/A
Enterprise Products Partners L.P. (EPD)vs ›	$84.56B	0.42%	N/A	N/A	N/A
Suncor Energy Inc. (SU)vs ›	$80.42B	0.15%	N/A	N/A	N/A
Eni S.p.A. (E)vs ›	$79.46B	0.25%	N/A	N/A	N/A
EOG Resources, Inc. (EOG)vs ›	$77.62B	0.15%	N/A	N/A	N/A

NAME

MARKET CAP

DEBT TO ASSETS RATIO

TTM

Phillips 66 (PSX)

$104.19B

25.14%

28.92%

26.51%

25.81%

Canadian Natural Resources Limited (CNQ)vs ›

$106.80B

0.18%

N/A

Valero Energy Corporation (VLO)vs ›

$110.23B

0.18%

N/A

Marathon Petroleum Corporation (MPC)vs ›

$116.22B

0.36%

N/A

The Williams Companies, Inc. (WMB)vs ›

$92.01B

0.51%

N/A

Slb N.V. (SLB)vs ›

$85.21B

0.23%

N/A

Enterprise Products Partners L.P. (EPD)vs ›

$84.56B

0.42%

N/A

Suncor Energy Inc. (SU)vs ›

$80.42B

0.15%

N/A

Eni S.p.A. (E)vs ›

$79.46B

0.25%

N/A

EOG Resources, Inc. (EOG)vs ›

$77.62B

0.15%

N/A

Debt to Assets Ratio FAQ

What is the debt to assets ratio for Phillips 66 (PSX)?

The debt to assets ratio for PSX stock is 25.14%.

Is Phillips 66's debt to assets ratio high or low?

The debt to assets ratio of 25.14% is in line with its 5-year average of 25.81%, around the middle of its 5-year range (20.65%–32.26%).

What is the TTM average debt to assets ratio for Phillips 66 (PSX)?

The TTM average debt to assets ratio for PSX stock is 28.92%.

What is the 3Y average debt to assets ratio for Phillips 66 (PSX)?

The 3Y average debt to assets ratio for PSX stock is 26.51%.

What is the 5Y average debt to assets ratio for Phillips 66 (PSX)?

The 5Y average debt to assets ratio for PSX stock is 25.81%.

What is the 10Y average debt to assets ratio for Phillips 66 (PSX)?

The 10Y average debt to assets ratio for PSX stock is 23.88%.

What is the 15Y average debt to assets ratio for Phillips 66 (PSX)?

The 15Y average debt to assets ratio for PSX stock is 21.27%.

DATE	DEBT TO ASSETS RATIO
2026-06-30	25.14%
2026-03-31	32.26%
2025-12-31	31.06%
2025-09-30	28.58%
2025-06-30	27.57%
2025-03-31	26.17%
2024-12-31	27.64%
2024-09-30	26.64%
2024-06-30	26.28%
2024-03-31	26.38%
2023-12-31	25.64%
2023-09-30	25.00%
2023-06-30	26.53%
2023-03-31	23.93%
2022-12-31	22.49%
2022-09-30	22.83%
2022-06-30	20.65%
2022-03-31	23.80%
2021-12-31	26.51%
2021-09-30	26.43%
2021-06-30	27.05%
2021-03-31	27.79%
2020-12-31	29.53%
2020-09-30	26.76%
2020-06-30	26.50%
2020-03-31	24.25%
2019-12-31	20.50%
2019-09-30	20.30%
2019-06-30	19.80%
2019-03-31	19.53%
2018-12-31	20.55%
2018-09-30	20.29%
2018-06-30	20.73%
2018-03-31	22.29%
2017-12-31	18.59%
2017-09-30	19.35%
2017-06-30	19.23%
2017-03-31	19.86%
2016-12-31	19.63%
2016-09-30	17.63%
2016-06-30	17.60%
2016-03-31	18.31%
2015-12-31	18.29%
2015-09-30	18.11%
2015-06-30	17.98%
2015-03-31	18.23%
2014-12-31	17.82%
2014-09-30	12.51%
2014-06-30	12.22%
2014-03-31	12.23%
2013-12-31	12.36%
2013-09-30	12.07%
2013-06-30	12.96%
2013-03-31	13.63%
2012-12-31	14.51%
2012-09-30	15.27%
2012-06-30	16.44%
2012-03-31	11.66%
2011-12-31	0.90%
2011-09-30	0.83%
2010-12-31	0.93%

DATE

DEBT TO ASSETS RATIO

2026-06-30

25.14%

2026-03-31

32.26%

2025-12-31

31.06%

2025-09-30

28.58%

2025-06-30

27.57%

2025-03-31

26.17%

2024-12-31

27.64%

2024-09-30

26.64%

2024-06-30

26.28%

2024-03-31

26.38%

2023-12-31

25.64%

2023-09-30

25.00%

2023-06-30

26.53%

2023-03-31

23.93%

2022-12-31

22.49%

2022-09-30

22.83%

2022-06-30

20.65%

2022-03-31

23.80%

2021-12-31

26.51%

2021-09-30

26.43%

2021-06-30

27.05%

2021-03-31

27.79%

2020-12-31

29.53%

2020-09-30

26.76%

2020-06-30

26.50%

2020-03-31

24.25%

2019-12-31

20.50%

2019-09-30

20.30%

2019-06-30

19.80%

2019-03-31

19.53%

2018-12-31

20.55%

2018-09-30

20.29%

2018-06-30

20.73%

2018-03-31

22.29%

2017-12-31

18.59%

2017-09-30

19.35%

2017-06-30

19.23%

2017-03-31

19.86%

2016-12-31

19.63%

2016-09-30

17.63%

2016-06-30

17.60%

2016-03-31

18.31%

2015-12-31

18.29%

2015-09-30

18.11%

2015-06-30

17.98%

2015-03-31

18.23%

2014-12-31

17.82%

2014-09-30

12.51%

2014-06-30

12.22%

2014-03-31

12.23%

2013-12-31

12.36%

2013-09-30

12.07%

2013-06-30

12.96%

2013-03-31

13.63%

2012-12-31

14.51%

2012-09-30

15.27%

2012-06-30

16.44%

2012-03-31

11.66%

2011-12-31

0.90%

2011-09-30

0.83%

2010-12-31

0.93%

Debt to Assets Ratio: 25.14%

PSX Debt to Assets Ratio

PSX Average Debt to Assets Ratio Chart

PSX Current vs Average Debt to Assets Ratio Chart

PSX Debt to Assets Ratio Metrics

PSX Competitors' Debt to Assets Ratio

Leverage Ratios Comparison

Debt to Assets Ratio Formula & Definition

Debt to Assets Ratio FAQ

PSX Debt to Assets Ratio History

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