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Phillips 66 (WBO:PSXC) Tax Rate % : 10.65% (As of Sep. 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 Sep. 2024 was €40 Mil. Phillips 66's Pre-Tax Income for the three months ended in Sep. 2024 was €372 Mil. Therefore, Phillips 66's Tax Rate % for the quarter that ended in Sep. 2024 was 10.65%.

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 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.17 25.18 8.39 22.19 23.55

Phillips 66 Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.82 27.03 21.06 22.20 10.65

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. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=2044.91/8683.073
=23.55 %

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

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=39.644/372.113
=10.65 %

* 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.

Phillips 66 Tax Rate % Related Terms

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Phillips 66 Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Phillips 66 (WBO:PSXC) » Definitions » Tax Rate %
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Traded in Other Exchanges
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Address
2331 CityWest Boulevard, Houston, TX, USA, 77042
Website
https://www.phillips66.com
Phillips 66 is an independent refiner with 12 refineries that have a total crude throughput capacity of 1.8 million barrels per day, or mmb/d. In 2023, the Rodeo, California, facility ceased operations and be converted to produce renewable diesel. The midstream segment comprises extensive transportation and NGL processing assets and includes DCP Midstream, which holds 600 mbd of NGL fractionation and 22,000 miles of pipeline. Its CPChem chemical joint venture operates facilities in the United States and the Middle East and primarily produces olefins and polyolefins.

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