Phillips 66 Income Tax Expense 2010-2026 | PSX
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What is income tax expense?
Income tax expense is the total amount of income taxes a company owes to federal, state, and foreign governments.
What is Phillips 66's current income tax expense?
Phillips 66 (PSX) annual income tax expense for 2025 was $892.0M, a 78.40% increase from 2024. Phillips 66 income tax expense for the quarter ending March 31, 2026 was $41.0M.
What was Phillips 66's income tax expense in 2024?
Phillips 66 annual income tax expense for 2024 was $500.0M, a 77.58% decline from 2023.
What was Phillips 66's income tax expense in 2023?
Phillips 66 annual income tax expense for 2023 was $2.23B, a 31.34% decline from 2022.
Income Tax Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Stable
CAGRN/A
FY2020
$-1.25B
→
FY2025
$892.0M
10111213141516171819202122232425
5 years selected
Income Tax Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2025 | $892.0M | +78.4% | 10-K |
| FY2024 | $500.0M | -77.6% | 10-K |
| FY2023 | $2.23B | -31.3% | 10-K |
| FY2022 | $3.25B | +2124.7% | 10-K |
| FY2021 | $146.0M | +111.7% | 10-K |
| FY2020 | $-1.25B | -256.1% | 10-K |
| FY2019 | $801.0M | -49.0% | 10-K |
| FY2018 | $1.57B | +192.9% | 10-K |
| FY2017 | $-1.69B | -409.5% | 10-K |
| FY2016 | $547.0M | -69.0% | 10-K |
| FY2015 | $1.76B | +6.7% | 10-K |
| FY2014 | $1.65B | -10.3% | 10-K |
| FY2013 | $1.84B | -25.4% | 10-K |
| FY2012 | $2.47B | +35.7% | 10-K |
| FY2011 | $1.82B | +214.7% | 10-K |
| FY2010 | $579.0M | - | 10-K |