Phillips 66 (LTS:0KHZ) Tax Rate % : 292.31% (As of Dec. 2024)

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What is Phillips 66 Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Phillips 66's Tax Expense for the three months ended in Dec. 2024 was $-38 Mil. Phillips 66's Pre-Tax Income for the three months ended in Dec. 2024 was $-13 Mil. Therefore, Phillips 66's Tax Rate % for the quarter that ended in Dec. 2024 was 292.31%.

Phillips 66 Tax Rate % Historical Data

The historical data trend for Phillips 66's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Phillips 66 Tax Rate % Chart

Phillips 66 Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Tax Rate %

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25.18

8.39

22.19

23.55

18.69

Phillips 66 Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Tax Rate %	Get a 7-Day Free Trial															27.03	21.06	22.20	10.65	292.31

Phillips 66 Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Phillips 66's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2024 )	/	Pre-Tax Income (A: Dec. 2024 )
	=	500	/	2675
	=	18.69 %

Phillips 66's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2024 )	/	Pre-Tax Income (Q: Dec. 2024 )
	=	-38	/	-13
	=	292.31 %

Phillips 66 Tax Rate % Related Terms

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Phillips 66 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Phillips 66 (LTS:0KHZ) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

PSX:USA 1PSX:Italy R66:Germany R66:Germany R66:Germany R66:Germany P1SX34:Brazil

Address

2331 CityWest Boulevard, Houston, TX, USA, 77042

Website

https://www.phillips66.com

Phillips 66 is an independent refiner that owns or holds interest in 11 refineries with a total crude throughput capacity of 1.8 million barrels per day, or mmb/d, at the end of 2024. The midstream segment comprises extensive transportation and NGL processing assets. It includes 70,000 miles of crude oil, refined petroleum product, NGL and natural gas pipeline systems, and a comprehensive set of refined petroleum product, NGL and crude oil terminals, gathering and processing plants and fractionation facilities and various other storage and loading facilities. Its CPChem chemical joint venture operates facilities primarily in the United States and the Middle East and produces olefins and polyolefins.

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