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Phillips 66's Total Tax Payable for the quarter that ended in Mar. 2026 was $1,184 Mil.
Phillips 66's quarterly Total Tax Payable
declined
from Sep. 2025 ($1,432 Mil) to Dec. 2025 ($1,362 Mil) and
declined
from Dec. 2025 ($1,362 Mil) to Mar. 2026 ($1,184 Mil).
Phillips 66's annual Total Tax Payable
declined
from Dec. 2023 ($1,200 Mil) to Dec. 2024 ($1,060 Mil) but then
increased
from Dec. 2024 ($1,060 Mil) to Dec. 2025 ($1,362 Mil).
The historical data trend for Phillips 66's Total Tax Payable 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.
Total Tax Payable is the taxes liability owed to federal, state, and local tax authorities. It is the carrying value as of the balance sheet date of obligations incurred and payable for statutory income, sales, use, payroll, excise, real, property and other taxes.
Phillips 66 (PSX) has a Total Tax Payable of $1,184 Mil as of Mar. 2026. Tax Payable is the taxes liability owed to federal, state, and local tax authorities. View historical data on Phillips 66 and its competitors.
Is Phillips 66's Total Tax Payable too high?
Phillips 66's current Total Tax Payable is $1,184 Mil. Overall, Phillips 66 has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Phillips 66's Total Tax Payable compare to VLO and MPC?
Phillips 66's Total Tax Payable of $1,184 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Tax Payable for an Oil & Gas company?
A good Total Tax Payable depends on the Oil & Gas industry context. However, Total Tax Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Tax Payable mean?
A high Total Tax Payable can signal that a stock is expensive relative to its fundamentals. Tax Payable is the taxes liability owed to federal, state, and local tax authorities. View historical data on Phillips 66 and its competitors. Phillips 66's current Total Tax Payable is $1,184 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phillips 66 stock overvalued right now?
Based on GuruFocus' analysis, Phillips 66 (PSX) is currently considered Significantly Overvalued. The stock's GF Value™ is $138.62, compared to a current price of $211.68 — trading 52.7% above its estimated fair value. The current Total Tax Payable is $1,184 Mil. Phillips 66's overall GF Score™ is 64/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Tax Payable calculated?
Total Tax Payable is calculated from a company's financial statements. For Phillips 66 (PSX), the current Total Tax Payable is $1,184 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Phillips 66 (PSX) Overvalued in 2026?
Based on GuruFocus' analysis, Phillips 66 stock appears to be overvalued.
The current stock price of $211.68 is trading 52.7% above its estimated GF Value™ of $138.62.
GuruFocus considers Phillips 66 to be Significantly Overvalued.
Key valuation signals for PSX:
Total Tax Payable: $1,184 Mil
GF Value™: $138.62 vs. price of $211.68 (52.7% above fair value)
No single metric tells the full story. See the PSX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Phillips 66 is an independent refiner that owns or holds interest in 10 refineries with a total crude throughput capacity of 2.0 million barrels per day, or mmb/d, at the end of 2025. 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.
64GF Score
Get the complete analysis for PSX
Total Tax Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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