PSX drawdown: 2.6% below the all-time high
Phillips 66 (PSX) is 2.6% below its all-time high, set Jul 21, 2026 (as of market close, Jul 24, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown. "All-time" means since our price data begins (2012).
- Below all-time high
- −2.6%
- 97.4% of ATH
- All-time high
- $212.3
- Jul 21, 2026
- Time below the high
- 3 days
- since Jul 21, 2026
- Worst-ever drawdown
- −65.9%
- Mar 23, 2020
- Longest underwater
- 5.1 yrs
- between all-time highs
- Today's level first reached
- Jul 17, 2026
- 7 days ago
- Last time this deep
- Jul 15, 2026
- in a previous episode
% of all-time high since 2012#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater.
% of all-time high on the price basis — the all-time high considers the full history of PSX, including years before the visible window. Dividends are excluded on this basis (the convention headlines use).
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Jul 31, 2018 | Mar 23, 2020 | −65.9% | 1.6 yrs | Sep 12, 2023 | 5.1 yrs |
| Apr 3, 2024 | Apr 8, 2025 | −46.2% | 12 mo | Mar 12, 2026 | 1.9 yrs |
| Sep 5, 2014 | Jan 15, 2015 | −32.5% | 4 mo | Oct 30, 2015 | 14 mo |
| Nov 5, 2015 | Feb 11, 2016 | −22.2% | 3 mo | Oct 11, 2017 | 1.9 yrs |
| Mar 28, 2013 | Aug 19, 2013 | −20.9% | 5 mo | Nov 27, 2013 | 8 mo |
| Apr 13, 2012 | May 7, 2012 | −20.7% | 24 days | Jul 18, 2012 | 3 mo |
| Mar 27, 2026 | Apr 20, 2026 | −17.3% | 24 days | Jul 9, 2026 | 3 mo |
| Jan 23, 2018 | Feb 21, 2018 | −16.2% | 29 days | Apr 17, 2018 | 3 mo |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 2012: how far PSX stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: PSX is on this chart precisely because it survived — the many stocks that fell this far and never recovered (or were delisted) aren't on anyone's chart, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ
- How far is PSX from its all-time high?
- PSX is currently 2.6% below its all-time high, set Jul 21, 2026 (as of market close, Jul 24, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest PSX drawdown ever?
- The deepest decline on record in our data (since 2012) took the stock 65.9% below its prior high, bottoming Mar 23, 2020. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 2012 (split-adjusted). "All-time" means since our price data begins — PSX may have traded earlier. For a 150-year index drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.