Total Debt for Phillips 66 (PSX)
According to Phillips 66's latest reported financial statements, the company's latest reported total debt is $22.88B USD. Total debt is the sum of short-term and long-term interest-bearing borrowings on the balance sheet (notes, bonds, term loans, lease liabilities). Useful for leverage and refinancing risk — combine with cash on hand for net debt, and see total liabilities for the broader obligations picture.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
PSX
Currently viewingTotal DebtSwitch metric
Latest period
$22.88B
YoY change
+14.1%
5Y CAGR
+7.2%
Peak year (2025)
$22.88B
Latest annual
$22.88B
Total Debt history chart for Phillips 66 (PSX) from 2009 to 2025
Total Debt history table for Phillips 66 (PSX) from 2009 to 2025
| Fiscal year | Period ended | Reported | Total Debt | YoY |
|---|---|---|---|---|
| 2025 | $22.88B | +14.1% | ||
| 2024 | $20.06B | +3.6% | ||
| 2023 | $19.36B | +12.6% | ||
| 2022 | $17.19B | +16.6% | ||
| 2021 | $14.74B | -8.8% | ||
| 2020 | $16.16B | +34.2% | ||
| 2019 | $12.04B | +7.9% | ||
| 2018 | $11.16B | +10.4% | ||
| 2017 | $10.11B | -0.3% | ||
| 2016 | $10.14B | +14.1% | ||
| 2015 | $8.89B | +2.3% | ||
| 2014 | $8.68B | +41.1% | ||
| 2013 | $6.16B | -11.7% | ||
| 2012 | $6.97B | +1683.6% | ||
| 2011 | $391.00M | -6.2% | ||
| 2010 | $417.00M | -2.6% | ||
| 2009 | $428.00M | — |
Total Debt values are taken from Phillips 66's reported balance sheets (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Phillips 66 (PSX) reported total debt of $22.88B – grew 14.1% year-over-year.
Across 2020–2025 (5 years), Phillips 66 total debt produced a CAGR of +7.2% – with the latest reading among the more recent periods of the dataset.
2025 marks the peak total debt at $22.88B, with the historical low of $391.00M recorded in 2011.
Within Energy, Phillips 66 (PSX) ranks 6th among 8 peers we track. The peer median for total debt is $26.40B.
Phillips 66 Total Debt by Year
Phillips 66 Total Debt 2025: $22.88B
Phillips 66 total debt in 2025 was $22.88B, grew 14.1% from 2024. This figure represents the highest annual value in the available history.
Phillips 66 Total Debt 2024: $20.06B
Phillips 66 total debt in 2024 was $20.06B, edged up 3.6% from 2023.
Phillips 66 Total Debt 2023: $19.36B
Phillips 66 total debt in 2023 was $19.36B, grew 12.6% from 2022.
Phillips 66 Total Debt 2022: $17.19B
Phillips 66 total debt in 2022 was $17.19B, grew 16.6% from 2021.
Phillips 66 Total Debt 2021: $14.74B
Phillips 66 total debt in 2021 was $14.74B.
See more financial history for Phillips 66 (PSX).
Sector peers — Total Debt
Companies in the same sector as Phillips 66, ranked by their latest total debt.
| Company | Total Debt | Sector |
|---|---|---|
| Enbridge Inc. (ENB) | $106.40B | Energy |
| Chevron Corporation (CVX) | $46.74B | Energy |
| Exxon Mobil Corporation (XOM) | $43.54B | Energy |
| The Williams Companies, Inc. (WMB) | $29.36B | Energy |
| ConocoPhillips (COP) | $23.44B | Energy |
| SLB N.V. (SLB) | $12.31B | Energy |
| Valero Energy Corporation (VLO) | $10.62B | Energy |
| EOG Resources, Inc. (EOG) | $8.41B | Energy |
Frequently asked questions
What is Phillips 66's total debt?
- Latest reported total debt for Phillips 66 (PSX) is $22.88B (period ending December 31, 2025).
How has Phillips 66 total debt changed year-over-year?
- Phillips 66 (PSX) total debt changed +14.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Phillips 66 total debt?
- Phillips 66 (PSX) total debt compound annual growth rate is +7.2% over the most recent 5 years available.
When did Phillips 66 total debt hit its highest annual value?
- Phillips 66 total debt reached its highest annual value of $22.88B in 2025.
What was Phillips 66 total debt in 2024?
- Phillips 66 (PSX) total debt in 2024 was $20.06B.
What was Phillips 66 total debt in 2025?
- Phillips 66 (PSX) total debt in 2025 was $22.88B.
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