Phillips 66 Unveils $2.4 Billion Capital Spending Plan for 2026

Key Takeaways PSX plans $2.4B in 2026 capital spending, up from $2.1B in 2025, signaling stronger focus on core operations.PSX allocates $1.1B to midstream, backing NGL plants, pipelines and a proposed fractionator. PSX earmarks $1.1B for refining, sustaining work, and the Humber gasoline quality project starting in 2027.Phillips 66 (PSX) , released a glimpse of its $2.4 billion capital budget for 2026, of which $1.1 billion is allocated to maintenance capital and the remaining $1.3 billion for growth capit ...