A new report recommends that refineries write decommissioning plans like those required of other energy infrastructure, and set aside funds to carry out cleanups, before they shut down.

Phillips 66 sets a $2.4 billion budget for 2026, with $1.3 billion allocated for growth initiatives, including NGL and refining projects.

Phillips 66 (PSX) -0.8% in early trading Monday after unveiling a $2.4 billion capital budget for 2026, slightly above its forecast for the current year, focusing growth capital in its natural gas liquids value chain and high-return refining projects.

Dec ‌15 - ​Phillips 66 ‌on Monday ​forecast ‍higher ​spending ​in 2026 ⁠as the U.S. refiner ‌expects increased disbursement ​in ‌its ‍midstream and refining ⁠segment. The company expects ​to spend $2.4 billion, compared with $2.1 billion projected for this year.

Phillips 66 set a $2.4 billion capital budget for next year, comprising $1.1 billion for sustaining projects and $1.3 billion for growth projects. Chief Executive Mark Lashier said Monday that the budget reflects the Houston-based oil refiner's commitment to capital discipline and maximizing shareholder returns.

Phillips 66 has approved a $2.4 billion capital budget for 2026, slightly above its forecast for this year, as it shifts growth spending toward expanding its midstream natural gas liquids (NGL) network and higher-return refining projects.

The Tigers bet on untapped potential paying off, but early returns show spacing strain, limited growth, and a need to rethink the fit.

Mackenzie Phillips talks about the aftershocks of revealing her incestuous relationship with her dad on the rest of her family in new book Julie Mazziotta is the Senior Sports Editor at PEOPLE, covering everything from the NFL to tennis to Simone Biles and ...

That same year Ed Phillips and Sons, a wholesale distributor of things like candy, magazines, and newspapers, was established in Eau Claire. That was the family business that L.E. Phillips eventually rose to become the president of; the first of two presidencies he held.

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

Earlier today, the company stated: “Phillips 66 (PSX) announced its 2026 capital budget of $2.4 billion, including $1.1 billion for sustaining

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.