Phillips 66 Raises 2026 Capex Plan to Focus on Expanding Midstream ...

Phillips 66 Hikes 2026 Capex To $2.4 Billion

Houston, Texas-based refiner Phillips 66 (NYSE:PSX) has increased its 2026 capital budget to $2.4 billion, including $1.3 billion for growth capital and $1.1 billion for sustaining capital. In the Midstream segment, the capital budget of $1.1 billion includes and $700 million for growth projects and $400 million for sustaining projects. These projects will organically advance the company’s integrated NGL wellhead-to-market strategy by expanding …

Phillips 66 raises 2026 capex plan to focus on expanding midstream ...

Phillips 66 Budgets $2.4B for 2026

'We are investing growth capital in our NGL value chain and high-return refining projects'.

Bartlesville Radio » News » Phillips 66 Announces 2026 Capital Budget

Phillips 66 (NYSE: PSX) today announced its 2026 capital budget of $2.4 billion, including $1.1 billion for sustaining capital and $1.3 billion for growth capital. “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 ope…

Phillips 66 announces 2026 capital budget

Phillips 66 announced its 2026 capital budget of $2.4 billion, including $1.1 billion for sustaining capital and $1.3 billion for growth capital.