Phillips 66 announces 2026 capital budget [Yahoo! Finance]
Phillips 66 (PSX)
Last phillips 66 earnings: 5/1 07:00 am
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Source: Yahoo! Finance
"The 2026 capital budget reflects our ongoing commitment to capital discipline and maximizing shareholder returns. We are investing growth capital in our NGL value chain and high-return Refining projects, while also investing sustaining capital to support safe and reliable operations," said Mark Lashier, chairman and CEO of Phillips 66. Lashier added, "With the consolidation of WRB Refining, we incorporated approximately $200 million of sustaining capital and $100 million of growth capital into the budget." In Midstream, the capital budget of $1.1 billion includes $400 million for sustaining projects and $700 million for growth projects. The projects organically advance the company's integrated NGL wellhead-to-market strategy by increasing gas processing, pipeline and fractionation capacity in key basins. The growth capital spend includes: The previously announced Iron Mesa gas processing plant, a 300 MMCFD facility in the Permian Basin and the company's largest in the region.
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News
- Phillips 66 Sets $2.4 Billion Capital Budget for 2026 [Yahoo! Finance]Yahoo! Finance
- Phillips 66 announces 2026 capital budgetBusiness Wire
- Investors in Phillips 66 (NYSE:PSX) have seen stellar returns of 157% over the past five years [Yahoo! Finance]Yahoo! Finance
- Phillips 66 (NYSE:PSX) had its price target raised by analysts at Mizuho from $145.00 to $150.00. They now have a "neutral" rating on the stock.MarketBeat
- Phillips 66 (PSX) Rises Higher Than Market: Key Facts [Yahoo! Finance]Yahoo! Finance
PSX
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- 10/29/25 - Beat
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- 12/11/25 - Form 4
- 12/11/25 - Form 4
- 12/11/25 - Form 4
- PSX's page on the SEC website