Phillips 66 Announces $2.4 Billion Capital Investment for NGL and Refining Expansion

Reuters12-15 21:01

<a href="https://laohu8.com/S/PSX">Phillips 66</a> Announces $2.4 Billion Capital Investment for NGL and Refining Expansion

Phillips 66 has announced a $2.4 billion capital budget for 2026, allocating $1.3 billion for growth capital investments. Key expansion projects include advancing the company's integrated natural gas liquids $(NGL)$ value chain and high-return refining initiatives. Notably, Phillips 66 plans to add a new fractionator in Corpus Christi, increasing NGL fractionation capacity by 100,000 barrels per day, with completion expected in 2028. The company is also investing in the Humber gasoline quality improvement project, a multi-year initiative aimed at producing higher-quality gasoline for access to premium global markets, with startup targeted for the second quarter of 2027. Additionally, Phillips 66 will continue to fund world-scale petrochemical facilities through its joint ventures, with major projects underway on the U.S. Gulf Coast and in Qatar.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phillips 66 published the original content used to generate this news brief via Business Wire (Ref. ID: 20251215070078) on December 15, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2591649962?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-15 21:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2591649962","market":"nz","top_or_hot":-1,"title":"Phillips 66 Announces $2.4 Billion Capital Investment for NGL and Refining Expansion","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/PSX\">Phillips 66</a> Announces $2.4 Billion Capital Investment for NGL and Refining Expansion\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Phillips 66 has announced a $2.4 billion capital budget for 2026, allocating $1.3 billion for growth capital investments. Key expansion projects include advancing the company's integrated natural gas liquids <a href=\"https://laohu8.com/S/NGL\">$(NGL)$</a> value chain and high-return refining initiatives. Notably, Phillips 66 plans to add a new fractionator in Corpus Christi, increasing NGL fractionation capacity by 100,000 barrels per day, with completion expected in 2028. The company is also investing in the Humber gasoline quality improvement project, a multi-year initiative aimed at producing higher-quality gasoline for access to premium global markets, with startup targeted for the second quarter of 2027. Additionally, Phillips 66 will continue to fund world-scale petrochemical facilities through its joint ventures, with major projects underway on the U.S. Gulf Coast and in Qatar.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phillips 66 published the original content used to generate this news brief via Business Wire (Ref. ID: 20251215070078) on December 15, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Phillips 66 Announces $2.4 Billion Capital Investment for NGL and Refining Expansion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPhillips 66 Announces $2.4 Billion Capital Investment for NGL and Refining Expansion\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-12-15 21:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/PSX\">Phillips 66</a> Announces $2.4 Billion Capital Investment for NGL and Refining Expansion\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Phillips 66 has announced a $2.4 billion capital budget for 2026, allocating $1.3 billion for growth capital investments. Key expansion projects include advancing the company's integrated natural gas liquids <a href=\"https://laohu8.com/S/NGL\">$(NGL)$</a> value chain and high-return refining initiatives. Notably, Phillips 66 plans to add a new fractionator in Corpus Christi, increasing NGL fractionation capacity by 100,000 barrels per day, with completion expected in 2028. The company is also investing in the Humber gasoline quality improvement project, a multi-year initiative aimed at producing higher-quality gasoline for access to premium global markets, with startup targeted for the second quarter of 2027. Additionally, Phillips 66 will continue to fund world-scale petrochemical facilities through its joint ventures, with major projects underway on the U.S. Gulf Coast and in Qatar.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phillips 66 published the original content used to generate this news brief via Business Wire (Ref. ID: 20251215070078) on December 15, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0130517989.USD","symbol_name":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251215:nNDL80gTSr:1","article_id":"2591649962","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2591649962","pubTimestamp":1765803663,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Phillips 66 has announced a $2.4 billion capital budget for 2026, allocating $1.3 billion for growth capital investments. Key expansion projects include advancing the company's integrated natural gas liquids  value chain and high-return refining initiatives. Notably, Phillips 66 plans to add a new fractionator in Corpus Christi, increasing NGL fractionation capacity by 100,000 barrels per day, with completion expected in 2028. The company is also investing in the Humber gasoline quality improvement project, a multi-year initiative aimed at producing higher-quality gasoline for access to premium global markets, with startup targeted for the second quarter of 2027. Additionally, Phillips 66 will continue to fund world-scale petrochemical facilities through its joint ventures, with major projects underway on the U.S. Gulf Coast and in Qatar.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and t","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","PSX":"Phillips 66","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4588":"碎股","BK4138":"石油与天然气的炼制和营销","BK4585":"ETF&股票定投概念","IE00B3T34201.USD":"BNY MELLON GLOBAL EQUITY INCOME \"B\" (USD) INC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC"},"translate_title":"Phillips 66宣布投资24亿美元用于NGL和炼油扩建","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PSX":0.9},"content_text":"Phillips 66 Announces $2.4 Billion Capital Investment for NGL and Refining Expansion\n    \n\n        Phillips 66 has announced a $2.4 billion capital budget for 2026, allocating $1.3 billion for growth capital investments. Key expansion projects include advancing the company's integrated natural gas liquids $(NGL)$ value chain and high-return refining initiatives. Notably, Phillips 66 plans to add a new fractionator in Corpus Christi, increasing NGL fractionation capacity by 100,000 barrels per day, with completion expected in 2028. The company is also investing in the Humber gasoline quality improvement project, a multi-year initiative aimed at producing higher-quality gasoline for access to premium global markets, with startup targeted for the second quarter of 2027. Additionally, Phillips 66 will continue to fund world-scale petrochemical facilities through its joint ventures, with major projects underway on the U.S. Gulf Coast and in Qatar.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phillips 66 published the original content used to generate this news brief via Business Wire (Ref. ID: 20251215070078) on December 15, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2591649962","isCrawlerRequest":true}